Faroudja Successfully Settles Patent Suit.Business Editors SUNNYVALE, Calif.--(BUSINESS WIRE)--April 3, 2000 Faroudja, 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 : FDJA) today announced the successful resolution of a patent lawsuit in which Faroudja had alleged that DWIN DWIN Doctor Who Information Network (Canada) Electronics, Inc.'s home theater An audio/video entertainment center that has a large-screen TV and hi-fi system with three speakers in the front (left, right and center) and left and right speakers in the rear. Starting in the early 1990s, video inputs were added to stereo receivers and preamplifiers. line multiplier products infringed a patent held by Faroudja and a patent licensed exclusively to Faroudja for the relevant field of use. Financial terms of the settlement agreement between the parties were not disclosed. The patents included in the settlement relate to detecting the 3:2 pulldown sequence of film-originated video and deinterlacing techniques used to improve the picture quality of high resolution and large screen video displays. These techniques are critical for displaying quality video with progressive scan display devices such as digital TVs, digital projectors, CRT projectors, flat panel displays and computer monitors. "We are pleased with the resolution of this 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. and will continue to vigorously protect and assert our intellectual property rights," stated Glenn W. Marschel, Jr., Faroudja's President, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Co-Chairman. Faroudja, Inc (NASDAQ: FDJA) is a world leader in high performance video processing technologies for markets requiring superior image quality solutions. The company provides innovative products for the HDTV (High Definition TV) A set of digital television (DTV) standards that offer the highest resolution and sharpest picture. Although some HDTV sets are available in standard (rather square) screen sizes, the overwhelming majority of sets are wide screen, which eliminates broadcast, home theater, digital television and PC/TV convergence markets. Faroudja's technologies are protected by 60 patents. Faroudja has received numerous awards, including an Emmy award for Engineering Development and a Lifetime Achievement Emmy presented to its founder, Yves Faroudja. For more information and news about Faroudja, visit us on the Internet at www.faroudja.com. Except for historical information contained herein, this press release contains forward-looking statements that are subject to risks and uncertainties, as set forth under the caption "Factors Affecting Future Operating Results" in Faroudja'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. for the year ended December 31, 1999 and other filings with the SEC. |
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