Court Denies T-Mobile USA's Request for Reconsideration of Markman Hearing Decision in OTI's Patent Infringement Lawsuit
August 28 2013 - 10:53AM
On Track Innovations Ltd. (OTI) (Nasdaq:OTIV), a
global provider of near field communication (NFC) and cashless
payment solutions, reported the U.S. District Court for the
Southern District of New York has denied T-Mobile USA's request for
reconsideration of the claim construction (Markman) decision in
OTI's patent infringement lawsuit alleging that Near Field
Communication (NFC) enabled phones sold by T-Mobile USA infringe
OTI's U.S. Patent No. 6,045,043.
The case was filed in March 2012 and is pending in the District
Court for the Southern District of New York. As reported by OTI on
June 20, 2013, the Court adopted OTI's proposed constructions of
all disputed terms.
OTI is a pioneer in the contactless payment market and supported
MasterCard® and Visa®, among others, in the creation and
implementation of contactless transaction processing and payment
solutions. OTI provides NFC devices and reader solutions, including
the COPNI (Contactless Payment and NFC Insert) device, which adds
NFC capability to existing non-NFC enabled mobile phones.
About OTI
On Track Innovations Ltd. (OTI) is a leader in contactless and
NFC applications based on its extensive patent and IP portfolio.
OTI's field-proven innovations have been deployed around the world
to address NFC payment solutions, petroleum payment and management,
cashless parking fee collection systems and mass transit ticketing.
OTI markets and supports its solutions through a global network of
regional offices and alliances. Visit the website:
www.otiglobal.com.
Safe Harbor for
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995 and other Federal
securities laws. Because such statements deal with future events
and are based on OTI's current expectations, they are subject to
various risks and uncertainties and actual results, performance or
achievements of OTI could differ materially from those described in
or implied by the statements in this press release. The
forward-looking statements contained in this press release are
subject to other risks and uncertainties, including those discussed
in the "Risk Factors" section and elsewhere in OTI's annual report
on Form 20-F for the year ended December 31, 2012 and in subsequent
filings with the Securities and Exchange Commission. Except as
otherwise required by law, OTI disclaims any intention or
obligation to update or revise any forward-looking statements,
which speak only as of the date hereof, whether as a result of new
information, future events or circumstances or otherwise.
CONTACT: OTI Contact:
Galit Mendelson
VP, Corporate Relations
732 429 1900 ext. 111
galit@otiglobal.com
Investor Contact:
Scott Liolios or Matt Glover
Liolios Group, Inc.
949 574 3860
otiv@liolios.com
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