Intellicheck and Honeywell Settle All Pending Patent Matters
March 09 2018 - 8:13AM
Business Wire
Intellicheck, Inc. (NYSE AMERICAN: IDN), an industry leader in
identification authentication solutions, today announced that
Intellicheck, Inc. and Honeywell International have confidentially
settled all pending patent related matters between them in both
federal court and at the Patent, Trial and Appeal Board (PTAB).
In the case of Intellicheck, Inc. v. Honeywell International,
Inc., Case No. 2:16-cv-00341 (W.D. Wash.), on February 15, 2018,
Judge James L. Robart issued an order granting the parties Joint
Notice of Voluntary Dismissal wherein both sides bore their own
attorneys’ fees, costs and other expenses.
In addition to the dismissal of the federal court proceeding,
the proceedings involving the two Covered Business Method Review
challenges of U.S. Patent No. 7,899,751, brought by Honeywell
International, were terminated by the PTAB on March 1, 2018 at the
joint request of the parties.
About Intellicheck NYSE American: IDN Intellicheck is a
trusted industry leader in technology solutions that provide
real-time identification authentication and age verification. We
make it possible for our clients to enhance safety and awareness,
increase revenues, improve customer service, and increase
operational efficiencies. Founded in 1994, Intellicheck has grown
to serve dozens of Fortune 500 companies including retail and
financial industry clients, police departments, national defense
clients at agencies, major seaports, and military bases, and
diverse state and federal government agencies. For more information
on Intellicheck, visit http://www.intellicheck.com/ and follow
Intellicheck on Twitter @IntellicheckIDN, on Facebook
https://www.facebook.com/intellicheckidn/, on Instagram
@IntellicheckIDN, on LinkedIn
https://www.linkedin.com/company/intellicheck-inc- and on YouTube
https://www.youtube.com/user/ICMOBIL.
Safe Harbor Statement
Statements in this news release about Intellicheck’s future
expectations, including: the advantages of our products, future
demand for Intellicheck’s existing and future products, whether
revenue and other financial metrics will improve in future periods,
whether Intellicheck will be able to execute its turn-around plan
or whether successful execution of the plan will result in
increased revenues, whether sales of our products will continue at
historic levels or increase, whether brand value and market
awareness will grow, whether the Company can leverage existing
partnerships or enter into new ones, and all other statements in
this release, other than historical facts, are “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 (PSLRA). These statements, which express
management’s current views concerning future events, trends,
contingencies or results, appear at various places in this website
and use words like “anticipate,” “assume,” “believe,” “continue,”
“estimate,” “expect,” “forecast,” “future,” “intend,” “plan,”
“potential,” “predict,” “project,” “strategy,” “target” and similar
terms, and future or conditional tense verbs like “could,” “may,”
“might,” “should,” “will” and “would” are forward-looking
statements within the meaning of the PSLRA. This statement is
included for the express purpose of availing Intellicheck, Inc. of
the protections of the safe harbor provisions of the PSLRA. It is
important to note that actual results and ultimate corporate
actions could differ materially from those in such forward-looking
statements based on such factors as market acceptance of
Intellicheck’s products and the presently anticipated growth in the
commercial adoption of the Company’s products and services,
changing levels of demand for Intellicheck’s current and future
products, Intellicheck’s ability to reduce or maintain expenses
while increasing sales, customer results achieved using our
products in both the short and long term, success of future
research and development activities, Intellicheck’s ability to
successfully manufacture, market and sell its products,
Intellicheck’s ability to manufacture its products in sufficient
quantities to meet demand within required delivery time periods
while meeting its quality control standards, any delays or
difficulties in the Company’s supply chain, the success of the
Company’s sales and marketing efforts coupled with the typically
long sales and implementation cycle for its products,
Intellicheck’s ability to enforce its intellectual property rights,
changes in laws and regulations applicable to the Company’s
products, the Company’s continued ability to access
government-provided data, the risks inherent in doing business with
the government including audits and contract cancellations,
liability resulting from any security breaches or product failure,
and other risks detailed from time to time in Intellicheck’s
reports filed with the SEC. We do not assume any obligation to
update the forward-looking information.
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version on businesswire.com: http://www.businesswire.com/news/home/20180309005087/en/
Intellicheck, Inc.Investor Relations:Gar Jackson,
949-873-2789orMedia and Public Relations:Sharon Schultz,
302-539-3747
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