Diebold Nixdorf's Prior Success Against Hyosung Claims Upheld

Date : 07/17/2017 @ 2:14PM
Source : PR Newswire (US)
Stock : Diebold Nixdorf Incorporated (DBD)
Quote : 21.65  0.0 (0.00%) @ 7:42AM
Diebold Nixdorf Incorporated share price Chart

Diebold Nixdorf's Prior Success Against Hyosung Claims Upheld

Diebold Nixdorf Incorporated (NYSE:DBD)
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NORTH CANTON, Ohio, July 17, 2017 /PRNewswire/ -- Diebold Nixdorf, Incorporated (NYSE: DBD) today announced that the International Trade Commission (ITC) has upheld a preliminary ruling on a patent infringement claim by Nautilus Hyosung related to automated teller machines (ATMs).  In the ruling, Diebold Nixdorf defeated three of four retaliatory patent infringement claims brought by the Korea-based company. On the fourth claim, the ITC found a technical violation of a Hyosung U.S. patent involving legacy Wincor technology. 

Diebold Nixdorf Primary Logo. (PRNewsFoto/Diebold Nixdorf)

Diebold Nixdorf disagrees with the decision as it relates to the one technical violation involving Wincor technology and will appeal.  However, this ruling has no bearing on existing products in the market, and Diebold Nixdorf has developed a new and improved version of the product that is not affected by this patent which will be used in future sales.    

Hyosung, a Korean corporation which does not manufacture its ATMs in the United States, filed these recent claims in response to Diebold Nixdorf's patent infringement case against it.  In that case, the ITC has already found that Hyosung infringes two Diebold patents and concluded that there is "strong circumstantial evidence that Hyosung had knowledge of Diebold's patented technology, copied it, and encouraged its customers to use it in an infringing way." Diebold Nixdorf is headquartered in the United States with a history in the country spanning nearly 160 years.  The company has been manufacturing ATMs domestically for more than 40 years.

After appeal, these intellectual property disputes will move to federal district court, where each company will have a U.S. jury decide whether infringement occurred and what damages are owed.

As the world leader in financial self-service and connected commerce, Diebold Nixdorf reiterates its dedication to providing innovative solutions that help customers connect to consumers in the United States and around the world. Diebold Nixdorf is steadfastly committed to innovation and will pursue all available avenues to protect its intellectual property.

About Diebold Nixdorf

Diebold Nixdorf, Incorporated (NYSE:DBD) is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world's top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an 'always on' and changing consumer landscape.

Diebold Nixdorf has a presence in more than 130 countries with approximately 24,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol 'DBD'. Visit www.DieboldNixdorf.com for more information.

View original content with multimedia:http://www.prnewswire.com/news-releases/diebold-nixdorfs-prior-success-against-hyosung-claims-upheld-300489206.html

SOURCE Diebold Nixdorf

Copyright 2017 PR Newswire

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