[0] Zi Successful In Summary Judgment Defense To Tegic Lawsuit.Business Editors CALGARY, Alberta--(BUSINESS WIRE)--Feb. 27, 2002 California court grants Zi partial summary judgment in its patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. defense-eZiText(TM) v 4.5 does not infringe on Tegic's patents. Zi Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ZICA)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ZIC ZIC Zinc Finger Protein ZIC Zurich Insurance Company ZIC Zhuhai International Circuit ZIC Zambia Investment Centre ), a leading provider of intelligent interface solutions, is pleased to announce that the company has received a favorable order from the District Court for Northern California granting in part its motion for partial summary judgment. The order was granted to the company in its defense against the patent infringement action initiated by Tegic Communications, Inc., a subsidiary of AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner, and Asian Communications PTY Ltd. The summary judgment order granted to Zi found, among other things, that: -- Zi's eZiText(TM) product version 4.5 for alphabetic languages does not infringe on Tegic's patents; and -- Tegic can make no claim for damages based on price erosion or lost profits to the extent they are based on Zi's Chinese language products. As the court noted, "In response, Tegic has failed to submit any evidence raising a triable tri·a·ble adj. 1. Capable of being tried or tested: a triable plan. 2. Law Subject to judicial examination: a triable case. issue of fact with respect to version 4.5." "With this decision, Zi can further advance its business plans within the North American marketplace, as the uncertainty caused by this lawsuit has been effectively removed, " said Michael E. Lobsinger, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Zi Corporation. "The California court has validated our present business strategy and product offering, and we are now focused on moving forward in light of this favorable decision." The court deferred decision on the validity of Tegic's patents until the trial, which is currently set for August 2002. A copy of the court order can be viewed on Zi Corporation's website at www.zicorp.com. About Zi Corporation Zi Corporation (www.zicorp.com) is a market-driven technology company delivering intelligent interface solutions to enhance the user experience of wireless and consumer technologies. The company's core technology product, eZiText connects people to short messaging, e-mail, e-commerce, Web browsing and similar applications in almost any written language. Zi supports its strategic partners from offices in Calgary, Beijing, Hong Kong, San Francisco, Shenzhen, Stockholm and Tokyo. A publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , Zi Corporation is listed on the NASDAQ National Market (ZICA) and the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (ZIC). Certain statements in this press release that involve expectations or intentions (such as those relating to future deployments or planned cooperation) may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The information in this press release is based on Zi Corporation's current expectations and assumptions, and is subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks include, among others, general business and economic conditions, competitive actions, continued acceptance of Zi Corporation's products and services and dependence on third party performance as well as the risks and uncertainties referred to in Zi Corporation's 20-F for the most recent calendar year that is filed with the Securities and Exchange Commission. The reader should not place undue reliance on such forward-looking statements. Zi Corporation does not assume any obligation to update such forward-looking statements. |
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