Aerovox Ends Patent Infringement Suits.Business/Technology Editors NEW BEDFORD New Bedford, city (1990 pop. 99,922), seat of Bristol co., SE Mass., at the mouth of the Acushnet River on Buzzard's Bay; settled 1640, set off from Dartmouth 1787, inc. as a city 1847. , Mass.--(BUSINESS WIRE)--Feb. 7, 2001 Aerovox Incorporated (Nasdaq.NM:ARVX) announced today it has brought to a conclusion 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. litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. against several Korean manufacturers and their U.S. affiliates and representatives. Aerovox's suit against Samwha Capacitor Company Ltd., Kuk Kwang Electric Company Ltd. and Dae Yeong Company Ltd., and their American associates, Samwha U.S.A. and Pacific Rim Components Corporation, alleged the named parties infringed its patent for the impregnation impregnation /im·preg·na·tion/ (im?preg-na´shun) 1. fertilization. 2. saturation (1). impregnation 1. the act of fertilizing or rendering pregnant. 2. saturation. and encapsulation (1) In object technology, the creation of self-contained modules that contain both the data and the processing. See object-oriented programming. (2) The transmission of one network protocol within another. of motor-run capacitors. Last year, Aerovox reached out-of-court settlements with both Kuk Kwang Electric Company and Dae Yeong Company and their U.S. affiliates. The Company recently filed a motion to dismiss the suit against Samwha. On February 6, 2001, Samwha issued a press release in which it claimed that Aerovox dismissed the case because it had been charged with fraud. "This is patently false," stated Aerovox President and Chief Executive Officer, Robert D. Elliott. "No such charge was ever filed by Samwha or anyone else in this case. The patent was legally obtained through the normal procedures of the U.S. Patent Office. Aerovox had a strong case against all of the defendants. In fact, the District Judge denied Samwha's preliminary effort to show that it does not infringe the patent and that the patent is invalid. Aerovox's dismissal was an economic decision based on the exorbitant cost of litigation and in no way on the merits on the merits adj. referring to a judgment, decision or ruling of a court based upon the facts presented in evidence and the law applied to that evidence. A judge decides a case "on the merits" when he/she bases the decision on the fundamental issues and considers of our case." As part of the dismissal, Samwha's counterclaims against Aerovox were also dismissed. Aerovox Incorporated is a leading manufacturer of film, paper and aluminum electrolytic e·lec·tro·lyt·ic adj. 1. Of or relating to electrolysis. 2. Produced by electrolysis. 3. Of or relating to electrolytes. e·lec capacitors. The Company sells its products worldwide, principally to original equipment manufacturers as components in electrical and electronic equipment. Aerovox has operations in New Bedford, MA; Huntsville, AL; Juarez and Mexico City, Mexico; and Weymouth, England. |
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