Partner Company Update
May 01 2012 - 2:01AM
RNS Non-Regulatory
TIDMAMP
Amphion Innovations PLC
01 May 2012
Amphion Partner Company, AXCESS, Receives Markman ruling in Savi
Litigation
London and New York, 1 May 2012 - Amphion Innovations plc (LSE:
AMP), announces that a Markman ruling was issued in case no.
3:10-cv-01033-F, Axcess International, Inc. (Axcess) vs. Savi
Technology, Inc. (Savi) in the United States District Court for the
Northern District of Texas, Dallas Division. Also announced is the
trial date, now set for November 5, 2012.
Amphion Partner Company, Axcess International was issued a
patent on September 25, 2001 entitled "High Sensitivity Demodulator
for a Radio Tag and Method". The patent discloses a radio tag that
uses circuitry capable of demodulating low powered analog carrier
signals while drawing minimal current to improve the sensitivity
and operational range of the radio tag while maintaining longer
battery life. Axcess filed suit against Savi on May 21, 2010
accusing Savi's RFID tags of infringing 23 claims of the
patent.
A "Markman" hearing is a pretrial hearing in a U.S. District
Court during which a judge examines evidence from all parties on
the appropriate meanings of relevant key words used in a patent
claim, when patent infringement is alleged. Holding a Markman
hearing in patent infringement cases has been common practice since
the case of Markman v. Westview Instruments, Inc.. It was
determined the language of a patent is a matter of law for a judge
to decide, not a matter of fact for a jury to decide. Markman
hearings are important, since the court determines patent
infringement cases by the interpretation of claims.
Included in the Order were nine disputed and nine agreed-to
claims. The Court construed each of the nine disputed claims in the
ruling. The Court also resolved one of the parties' fundamental
disputes about the scope of the patent. The Court said that the
novelty of the invention was a new and improved tag to receive,
process, evaluate, and respond to much weaker signals than such
tags were capable of doing before, also increasing the operable
life span of the radio tag as well as the distance over which the
tag can operate.
"Having reached this important milestone, we now look forward to
the trial in early November. We encourage interested parties to
read the Order", said Allan Griebenow, President & CEO of
Axcess International. "Axcess remains fully committed to the
protection of this patent and others in our intellectual property
portfolio."
While Amphion believes the above described ruling can be
favorable to Axcess the ruling does not automatically mean that
Axcess will prevail at trial. A copy of the Court's ruling can be
downloaded from the Company's website at www.axcessinc.com.
As a result of additional investment in support of Axcess over
the last few years, Amphion Innovations' holdings of equity and
warrants now amount to about 14% of the fully diluted outstanding.
In addition, Amphion holds approximately $1.8 million of debt, most
of which is convertible into common stock.
For further information please contact:
Amphion Innovations
Charlie Morgan:
+1 (212) 210-6224
Cardew Group
Tim Robertson
+44 020 7930 0777
Seymour Pierce Limited, Nominated Adviser
Mark Percy/ Freddy Crossley:
+44 020 7107 8300
About Amphion Innovations plc
Amphion (LSE: AMP) builds shareholder value in emerging
companies in the medical and technology sectors, by using a
focused, hands-on company building approach, based on decades of
experience in both the US and UK. Amphion has a significant
shareholding in 7 Partner Companies developing proven technologies
targeting substantial commercial marketplaces. The Amphion model
has been refined to optimise the commercialisation of patents and
other intellectual property within the Partner Companies. The
Partner Companies collectively own or control over 200 separately
identified pieces of intellectual property, a number which grows
rapidly each year.
On the web: www.amphionplc.com
About Axcess International Inc.
Axcess International Inc. (OTCBB: AXSI) provides automated
wireless identification solutions for business encompassing local
location identification, tracking and control capabilities using
its patented MicroWireless(TM) technology platform. The complete
system solutions supersede existing manual ID systems by automating
various tasks that increase productivity, security, safety and
business intelligence. MicroWireless - based on active RFID
principles - is the economic and technological sweet spot for
autonomously-powered low cost, miniature, remote wireless
communication devices. Axcess is a portfolio company of Amphion
Innovations plc (AIM: AMP). For more information on Axcess, visit
www.axcessinc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAURUWRUKASOAR
Amphion Innovations (LSE:AMP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Amphion Innovations (LSE:AMP)
Historical Stock Chart
From Apr 2023 to Apr 2024