Littelfuse Responds to Polytronics' Allegations.Business Editors DES PLAINES Des Plaines, city, United States Des Plaines (dĕs plānz), city (1990 pop. 53,223), Cook co., NE Ill., a suburb of Chicago on the Des Plaines River; inc. 1925. Among its manufactures are chemicals and electronic equipment. , Ill.--(BUSINESS WIRE)--May 11, 2001 Littelfuse, Inc. (NASDAQ/NMS:LFUS) responding to allegations in the press made by Polytronics Technology Corporation, announced today that it has not been notified by the Taiwanese courts regarding an injunction or pending injunction against Littelfuse products sold in Taiwan. Polytronics Technology Corporation is a Taiwanese corporation. Contrary to Polytronics' statements, Littelfuse is not aware of any issued Polytronics patents that cover any Littelfuse product. The patent application, which Polytronics submitted in Taiwan for surface mount PPTC PPTC Polymetric Positive Temperature Coefficient (Polymer Positive Temperature Coefficient Positive Temperature Coefficient (PTC) refers to materials that experience an increase in electrical resistance when their temperature is raised. Materials which have useful engineering applications usually show a relatively rapid increase with temperature, i.e. ) products, has been opposed by Littelfuse and is invalid in Littelfuse's opinion in view of earlier Littelfuse patents on the same technology. Accordingly, Littelfuse has requested that the Taiwanese Patent Office refuse to grant the Polytronics patent. This matter is currently under review by the Taiwanese Patent Office. Littelfuse will supply copies of opposition documents to any third party requesting same. It is Littelfuse's belief that its issued patents are enforceable and it will continue to defend them. Littelfuse continues to enforce its patents in the USA and publicly announced today that it has favorably settled its lawsuit with CompUSA. Littelfuse is a global company offering the broadest line of circuit protection products in the industry. In addition to its Des Plaines, Illinois “Des Plaines” redirects here. For the river, see Des Plaines River. Des Plaines (pronounced IPA [dɛsˈpleɪnz]) is a city in Cook County, Illinois, United States. , world headquarters, Littelfuse has manufacturing facilities in England, Ireland, Switzerland, Mexico, Korea, China and the Philippines, as well as in Centralia, Des Plaines and Arcola, Illinois Arcola is a city in Douglas County, Illinois, United States. The population was 2,652 at the 2000 census. The city was founded in 1855, when the Illinois Central Railroad was built through the county. . It also has sales, engineering and distribution facilities in the Netherlands, Singapore, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Taiwan, Japan and Brazil. For more information, please visit Littelfuse's web site at www.littelfuse.com. "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. " Statement 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. Any forward looking statements contained herein involve risks and uncertainties, including, but not limited to, product demand and market acceptance risks, the effect of economic conditions, the impact of competitive products and pricing, product development and patent protection, commercialization and technological difficulties, capacity and supply constraints or difficulties, exchange rate fluctuations, actual purchases under agreements, the effect of the company's accounting policies, and other risks which may be detailed in the company's Securities and Exchange Commission filings. |
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