Cypress Announces that Nokia Siemens Networks Has Been Released From ITC Complaint Regarding SRAM Patent Infringement by GSI ...
November 21 2011 - 9:00AM
Business Wire
Cypress Semiconductor Corp. (NASDAQ: CY) today announced that it
has come to terms with Nokia Siemens Networks on an agreement that
will remove that company from Cypress’s complaint to the United
States International Trade Commission (ITC) regarding the alleged
infringement of Cypress’s SRAM patents by GSI Technology, Inc.
Cypress’s complaint seeks an exclusion order from the ITC that
will prevent the importation of all infringing GSI SRAMs. The ITC
action against GSI lists known importers of products that
incorporate potentially infringing GSI SRAMs.
“We’re pleased to reach agreement with Nokia Siemens Networks on
this matter, effectively removing another customer from this case,”
said Dana Nazarian, Executive Vice President of Cypress’s Memory
Products Division. “Our intention has never been to burden
customers with this action. However, GSI Technology’s unwillingness
to acknowledge and rectify its infringement of our intellectual
property has left us with no alternative.
“Despite misleading reports to the contrary, the four Cypress
patents that GSI has infringed are still valid and are proceeding
for an expected ruling by the ITC in 2012,” Nazarian added. “Any
actual ruling on the review of the two patents that are in re-exam
with the United States Patent and Trademark Office isn't expected
until 2013, long after the ITC case is decided. We firmly expect to
see our patents re-affirmed by that process, but it will have no
impact on this action in either case.”
About Cypress
Cypress delivers high-performance, mixed-signal, programmable
solutions that provide customers with rapid time-to-market and
exceptional system value. Cypress offerings include the flagship
PSoC® programmable system-on-chip families and derivatives such as
PowerPSoC® solutions for high-voltage and LED lighting
applications, CapSense® touch sensing and TrueTouch® solutions for
touchscreens. Cypress is the world leader in USB controllers,
including the high-performance West Bridge® solution that enhances
connectivity and performance in multimedia handsets. Cypress is
also a leader in high-performance memories and programmable timing
devices. Cypress serves numerous markets including consumer, mobile
handsets, computation, data communications, automotive, industrial
and military. Cypress trades on the NASDAQ Global Select Market
under the ticker symbol CY. Visit Cypress online at
www.cypress.com.
Cypress, the Cypress logo, PSoC, PowerPSoC, CapSense, TrueTouch
and West Bridge are registered trademarks of Cypress Semiconductor
Corp. All other trademarks are property of their owners.
This release may be deemed to contain forward-looking
statements, which are subject to the safe harbor provisions of the
Private Litigation Reform Act of 1995. These forward-looking
statements include, among other things, statements regarding
Cypress’ expected outcome of the pending patent re-examinations and
other future events and expectations, each of which involve risks
and uncertainties. Readers are cautioned that these forward-looking
statements are only predictions and may differ materially from
actual future events or results due to a variety of factors,
including the actions of the Patent and Trademark Office and other
factors listed in Cypress’s most recent reports on Form 10-K, 10-Q
and 8-K. The information above speaks only as of the date of this
release.
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