FormFactor, Inc. (Nasdaq:FORM): Patent Court Also Leaves in Place Validity Decision of Korean Intellectual Property Office on Majority of Claims of Second FormFactor Patent, While Holding Certain Other Claims Invalid FormFactor, Inc. (Nasdaq:FORM) announced the Korean Patent Court issued an oral ruling declining to render a decision on the Company's Korean Patent No. 252,457, and re-opening the case for further proceedings. The timing of any decision on the case, which will be handled by a new panel of judges, was not set. The Patent Court also issued a ruling on FormFactor's Korean Patent No. 324,064. The ruling did not address the validity decision of the Korean Intellectual Property Office as it related to 61 claims of Patent No. 324,064, including several claims that FormFactor recently added to its infringement lawsuit against Phicom Corporation. The Patent Court ruling invalidated 10 claims of Patent No. 324,064. Following normal practice, the bases for the rulings were not given and written opinions explaining the rulings would typically be expected in one to three weeks. "We will continue to protect our intellectual property rights against unauthorized use and will vigorously defend the validity of our Korean Patent No. 252,457 before the new Patent Court panel of judges," said Stuart Merkadeau, FormFactor's senior vice president, general counsel. "The Korean litigations are only one part of a comprehensive litigation in multiple jurisdictions involving multiple patents. Once we receive the Patent Court's written decision on our Korean Patent No. 324,064, we will evaluate the substantive merits of an appeal." "Semiconductor manufacturers rely on FormFactor's innovation and technology to deliver wafer test products that reduce their overall cost of test, increase yield, and meet their technical roadmaps," added Joe Bronson, President of FormFactor. "We believe these latest Patent Court rulings will have no current business impact." In addition to FormFactor's commitment to its intellectual property and proprietary technologies, the Company's advanced manufacturing, which leads the industry in its capability-level and capacity, make FormFactor the mission critical supplier to the semiconductor industry worldwide, including Korea. About FormFactor FormFactor, Inc. (Nasdaq:FORM) is an industry leader in the design, development, manufacture, sale and support of precision, high-performance advanced semiconductor wafer probe cards. The Company's products are based on its proprietary technologies, including its MicroSpring interconnect technology and design processes, which enable FormFactor to produce wafer probe cards for test applications that require reliability, speed, precision and signal integrity. FormFactor is headquartered in Livermore, California. For more information, visit the Company's web site at www.formfactor.com. Forward-Looking Statements Statements in this press release that are not strictly historical in nature are forward-looking statements within the meaning of the federal securities laws, including statements regarding business momentum, future growth and the performance of our products. These forward-looking statements are based on current information and expectations that are inherently subject to change and involve a number of risks and uncertainties. Actual events or results might differ materially from those in any forward-looking statement due to various factors, including, but not limited to: the outcome of any ruling by the Korean Patent Court on the Company's Korean Patent No. 252,457; the outcome of any ruling on an appeal to the Korean Supreme Court; the outcome of any ruling on infringement claims directed to patent claims not affected by the Patent Court ruling; the impact of the Patent Court rulings on the Company's current business; and the Company's ability to protect and enforce its intellectual property rights. Additional information concerning factors that could cause actual events or results to differ materially from those in any forward-looking statement is contained in the Company's Form 10-Q for the period ending September 24, 2005, filed with the Securities and Exchange Commission ("SEC"), and subsequent filings. Copies of filings made by the Company with the SEC are available at http://investors.formfactor.com/edgar.cfm. The Company assumes no obligation to update the information in this press release, to revise any forward-looking statements or to update the reasons actual results could differ materially from those anticipated in forward-looking statements.
FormFactor (NASDAQ:FORM)
Historical Stock Chart
From Aug 2024 to Sep 2024 Click Here for more FormFactor Charts.
FormFactor (NASDAQ:FORM)
Historical Stock Chart
From Sep 2023 to Sep 2024 Click Here for more FormFactor Charts.