Amerigon files motion for declaratory relief from contract disputes on AudioNav software.MONROVIA, Calif.--(BUSINESS WIRE)--May 18, 1995--Amerigon Inc. (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 :ARGNA) Thursday announced that it has filed a complaint seeking declaratory relief declaratory relief n. a judge's determination (called a "declaratory judgment") of the parties' rights under a contract or a statute often requested (prayed) for information in a lawsuit over a contract. to resolve interpretation of certain aspects of a license agreement with Audio Navigation Systems Inc. (ANSI (American National Standards Institute, New York, www.ansi.org) A membership organization founded in 1918 that coordinates the development of U.S. voluntary national standards in both the private and public sectors. It is the U.S. member body to ISO and IEC. ), a licensor of technology to Amerigon. The complaint was filed yesterday in Superior Court in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . In the complaint, Amerigon asks the court to clarify certain points of contention in its license agreement with ANSI, which has licensed certain worldwide rights to the AudioNav in-vehicle navigation system to Amerigon. The AudioNav is a voice-interactive navigation system for automobiles. ANSI licensed to Amerigon in 1992, specified worldwide rights to certain AudioNav-related technology. Since then, Amerigon has been developing commercial voice interactive products. Amerigon's President and Chief Executive Officer, Dr. Lon E. Bell, explained that Amerigon and ANSI have been working cooperatively on the development of the AudioNav for several years. Amerigon and ANSI, however, have been unable to come to final agreement on the implementation of certain terms of their agreement. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Bell, by filing the suit for declaratory relief, Amerigon is asking the courts to clarify the licensing contract with ANSI pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to the distribution of software, royalty rights, and other contractual obligations so that Amerigon and ANSI can proceed with their work. "The purpose of the suit for declaratory relief is to ask the courts to clarify the rights of Amerigon and ANSI under the licensing agreement," said Bell. "We believe that this action will allow us to resolve these issues in the fastest way possible." Bell said, "Amerigon will continue with its production preparation and marketing activities for the AudioNav, which we plan to introduce in mid-1995, although there is some risk of delay from having to resolve software distribution issues." He added that, "this action does not affect Amerigon's other three product lines which have a combined booked backlog in excess of $9 million." Founded in 1991, Amerigon designs and manufactures proprietary, high-margin products for the conventional automotive and emerging electric vehicle markets. Other Amerigon products currently under development include low-cost, auto-safety radar products based on a novel radar technology licensed from Lawrence Livermore National Laboratory Lawrence Livermore National Laboratory: see Lawrence Berkeley National Laboratory. (body) Lawrence Livermore National Laboratory - (LLNL) A research organaisatin operated by the University of California under a contract with the US Department of Energy. and a Climate Controlled Seat System. CONTACT: Amerigon Inc. Adi Liberman, 818/932-2001 or Pondel Parsons Parsons, city (1990 pop. 11,924), Labette co., SE Kans.; inc. 1871. It is a shipping point for dairy products, grain, and livestock. Manufactures include ammunition, wire and paper products, plastics, and appliances. & Wilkinson Gary S. Maier, 310/207-9300 |
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