Amphion Innovations PLC Appeal Ruling (7056E)
April 14 2014 - 2:00AM
UK Regulatory
TIDMAMP
RNS Number : 7056E
Amphion Innovations PLC
14 April 2014
Amphion Innovations plc
DataTern Inc., Receives Favourable Appeal Ruling
London and New York, 14 April 2014 - DataTern Inc., a
wholly-owned subsidiary of Amphion Innovations plc (AIM: AMP)
("Amphion" or "the Company"), has received a favourable decision on
its appeal to the US Court of Appeals for the Federal Circuit. The
appeal was a result of the ruling that was rendered in December
2012 by the US District Court for the Southern District of New York
in the declaratory judgment actions brought by SAP and Microsoft in
April 2011.
As previously announced in Amphion's RNS announcement of 17
April 2013, DataTern's appeal was based on its belief that the New
York court lacked jurisdiction and that the Markman claim
construction rendered on DataTern's patents was flawed.
The Federal Circuit's decision broadly found in favour of
DataTern's position.
Richard Morgan, CEO of Amphion, said; "This is a good result.
This ruling will allow us to continue to try to reach equitable
licensing agreements with the many companies that are infringing
these patents. Our goal remains to generate a fair and reasonable
return on the very substantial investment we have made over many
years in the development of these innovative technologies."
For further information please contact:
Amphion Innovations
Charlie Morgan
+1 212 210 6224
Novella Communications
Tim Robertson / Ben Heath
+44 020 3151 7008
Panmure Gordon Limited
Freddy Crossley / Fred Walsh / (Corporate Finance)
Adam Pollock / Charlie Leigh-Pemberton (Corporate Broking)
+44 020 7886 2500
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 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
This information is provided by RNS
The company news service from the London Stock Exchange
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