Ampex Announces Appeals Court Affirms Kodak Summary Judgment.REDWOOD CITY, Calif. -- Ampex Corporation (Nasdaq:AMPX) today announced that on February 7, 2008, the U.S. Court of Appeals for the Federal Circuit affirmed the decision of the U.S. District Court for the District of Delaware granting the Eastman Kodak Company's motion for summary judgment motion for summary judgment n. a written request for a judgment in the moving party's favor before a lawsuit goes to trial and based on recorded (testimony outside court) affidavits (or declarations under penalty of perjury), depositions, admissions of fact, answers of noninfringement of one of Ampex's patents used in digital still cameras. This patent previously expired in April 2006, and the Company does not expect this decision to have a material impact on future licensing revenues. Ampex Corporation, www.ampex.com, headquartered in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. , is a leading innovator and licensor of technologies for the visual information age, as well as a manufacturer of high performance data storage products principally used in defense applications. This release may contain information about the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under 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. Actual results may differ materially from historical results or those indicated by such forward-looking statements as a result of a variety of factors including, but not limited to, the Company's royalty revenues declining in future periods; the Company's limited liquidity and significant indebtedness and interest expense; the risk that the Company will not conclude additional royalty-bearing license agreements; the Company's licensing, marketing, investment and other strategies not being successful; the possible incurrence of additional patent 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. expenses or adverse legal determinations finding the Company's patents not to be valid or not to have been infringed; and other risks and uncertainties disclosed in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and its Quarterly Reports on Form 10-Q, as well as other documents periodically filed with the SEC. |
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