Coinstar Patent Rights Acknowledged.Coin X Change and Coinstar Reach Settlement on Patent Infringement Claims BELLEVUE, Wash. & ROCKVILLE, Md. -- Coinstar, 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 :CSTR CSTR Centre for Speech Technology Research CSTR Canister CSTR Continually Stirred Tank Reactor CSTR Center for Software Testing Research (Florida Tech) CSTR Combat System Trial Rehearsal (US DoD) ), the pioneer of consumer coin-counting machines, and Coin X Change LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , today announced that they have settled 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. relating to patent infringement claims between the companies. Coin X Change has acknowledged that the Coinstar patents in dispute are valid and have been infringed by Coin X Change. The Court has issued an injunction prohibiting Coin X Change from using the patented inventions without authorization from Coinstar. The Coinstar patents (U.S. Patents 7,028,827 and 6,976,570) are directed at Coinstar's business model of placing self-service coin-counting machines in grocery stores and other retail locations; and the ability of machines to remotely communicate their status. About Coinstar, Inc. Coinstar, Inc. (NASDAQ: CSTR) is a multi-national company offering a range of 4th Wall([TM])solutions for the retailers' front of store consisting of self-service coin-counting, electronic payment solutions, entertainment services and self-service DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. rental. The company's products and services can be found at more than 60,000 retail locations including supermarkets, drug stores, mass merchants, financial institutions, convenience stores and restaurants. About Coin X Change, LLC Coin X Change LLC is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. located in Rockville, Maryland, offering coin counting services to supermarkets on the East Coast. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion