Creo Products Inc.: US Court Rules That Products Using Creo DOP Technology Do Not Infringe Presstek Patents.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Sept. 17, 2001 The United States District Court for the District of Delaware The United States District Court for the District of Delaware is the Federal district court having jurisdiction over the entire state of Delaware. The Court sits in Wilmington. Currently, three judges and two magistrate judges preside over the court. has ruled in favor of Creo Products 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 :CREO)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CRE CRE Commercial Real Estate CRE Corporate Real Estate CRE Commission for Racial Equality (Scotland) CRE CCD (Charge Coupled Device) and Readout Electronics CRE Camp Response Element .) in the two-year-old patent dispute with Presstek, Inc. (Presstek) of Hudson, New Hampshire Hudson is a town in Hillsborough County, New Hampshire, USA. The population was 22,928 at the 2000 census. History Hudson began as part of the Dunstable Land Grant that encompassed the current city of Nashua, New Hampshire, as well as Dunstable and Pepperell, . This dispute centered on the on-press imaging technology sold through CreoScitex, the graphic arts graphic arts: see aquatint; drawing; drypoint; engraving; etching; illustration; linoleum block printing; lithography; mezzotint; niello; pastel; poster; silk-screen printing; silhouette; silverpoint; sketch; stencil; woodcut and wood engraving. division of Creo. The court determined that the printing presses using Creo's imaging technology do not infringe the patents-in-suit. The court affirmed that neither Creo's imaging technology, nor printing presses that use Creo's imaging technology, infringe Presstek's patents. "We are pleased to see that the court has confirmed the uniqueness of our imaging technology and that our technology does not infringe Presstek's patents. We believe that intellectual property rights anchor our competitive position," said Dan Gelbart, Creo's President and Chief Technology Officer, and inventor of the SQUAREspot(TM) thermal laser imaging device. "Over the past six years, the outstanding performance of our unique SQUAREspot imaging heads has led to our strong leadership position in the computer-to-plate (CTP CTP (cytidine triphosphate): see cytosine. (1) (Computer-To-Plate) The production of printing plates directly from the computer without requiring film as an intermediate step. ) marketplace with more than 3000 CTP machines installed-by far the largest installed base of any CTP design." Since commercial shipments of the on-press version of this product began in 1999, more than 500 SQUAREspot imaging devices have been put into use on digital offset printing (DOP DOP In currencies, this is the abbreviation for the Dominican Republic Peso. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) presses located at commercial printers around the world. "The high speed and outstanding image quality enabled by Creo SQUAREspot technology resulted in the world's three largest press companies selecting our system for their high-end DOP presses-the Heidelberg Speedmaster 74 DI, the Komori Project D and the MAN Roland DICOweb," said Brad Palmer, Corporate Vice President of On-Press Technologies at CreoScitex. "We appreciate the court's recognition of our technology and at the same time, we acknowledge Presstek's contribution in helping to develop the on-press imaging market." The September 11, 2001 ruling by United States District Judge Gregory M. Sleet sleet, precipitation of small, partially melted grains of ice. As raindrops fall from clouds, they pass through layers of air at different temperatures. If they pass through a layer with a temperature below the freezing point, they turn into sleet. followed a five-day trial in the United States District Court for the District of Delaware in June 2001. Creo originally filed suit on August 12, 1999 requesting that the Court rule that the Creo technology in question did not infringe or induce pressmakers to infringe Presstek patents, after accusations by Presstek to CreoScitex customers and prospects that Creo infringed Presstek patents. Presstek counter-sued and the Court combined the two cases. About Creo Based in Vancouver, Canada, Creo Products Inc. is a publicly held high-technology company focused on the application of imaging and information technology. Through CreoScitex - its principal operating division - Creo is leading the digital transformation of the graphic arts industry. Creo Products Inc. trades under the symbols CREO on NASDAQ and CRE on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . www.creo.com This release contains forward-looking statements within the meaning 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 of the U.S. 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. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include the following: (1) technological changes or changes in the competitive environment adversely affect the products, market share, revenues or margins of the combined business; (2) changes in general economic, financial or business conditions adversely affect the combined business or the markets in which it operates; (3) new regions and new products may not proceed as planned and may adversely affect future revenues; (4) the expected cost-savings and synergies from the combination of Creo's business with the Scitex Business cannot be fully realized or take significantly longer to realize than expected; and (5) the integration of the Scitex Business into Creo's operations is more difficult, time-consuming or expensive than anticipated, or the attrition rate of key employees of the combined business is greater than expected. These risks and uncertainties as well as other important matters are described under the caption "Information Regarding Forward-looking Statements" and elsewhere in our Annual Report for the fiscal year ended September 30, 2000, as filed with the U.S. Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information contained in this press release. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion