U.S. Federal District Court Dismisses ASD and CDEX Lawsuits with Prejudice.ROCKVILLE, Md. -- CDEX CDEX Center for Deep Earth Exploration CDEX Compact Disk Engineering Data Exchange CDEX Checkstub Data Exchange CDEX Combat Developments Experimentation Center CDEX Chemical Detection Excellence (CDEX, Inc; Tucson, AZ) CDEX Cdrom Extension Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CEXI CEXI Cryogenic Experts, Inc. (Ventura, CA, USA) ) announced today that the U.S. Federal District Court in Denver, Colorado has reviewed and approved the Stipulation to Dismiss that was filed in the Court on September 29, 2006 as part of a settlement agreement reached between ASD ASD abbr. atrial septal defect ASD Atrial septal defect, see there and CDEX with regards to Civil Action No. 06-CV-426-RDB-CBS. Today, the Court entered an Order of Dismissal with Prejudice dismissal with prejudice n. see dismissal. and vacated all pending actions before the Court. This action by the Court brings to a final end the patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. lawsuit that was filed by ASD against CDEX. It also brings to a final close CDEX's counterclaims of invalidity and unenforceability that the company filed in response to ASD's lawsuit. "This case was settled in a manner that was fair and equitable to both parties, while preserving the company's rights and protecting the interests of our shareholders," said Jim Griffin, CDEX President and 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. . About CDEX Inc. CDEX Inc. is a chemical detection technology development company that uses its expertise to develop and market life safety/public safety products for the healthcare, homeland security, and brand protection markets. CDEX's ValiMed Medication Validation System is used for quality assurance to ensure that high-risk medications that are compounded in hospital pharmacies are the correct medication, in the correct concentration, and correct diluent diluent /dil·u·ent/ (dil´oo-int) 1. causing dilution. 2. an agent that dilutes or renders less potent or irritant. dil·u·ent adj. Serving to dilute. n. before they are administered to patients. CDEX technology can be used in homeland security market applications to identify suspicious substances such as trace amounts of explosives, in liquid or solid form, and illegal drugs for law enforcement in the homeland security market. CDEX is headquartered in Rockville, Maryland with its research and development laboratory, engineering, and manufacturing operations in Tucson, Arizona. For more information, visit www.cdex-inc.com. Any statements made in this press release which contain information that is not historical are essentially forward-looking. Many forward-looking statements can be identified by the use of words such as "expects," "plans," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks are detailed from time-to-time in filings with the Securities and Exchange Commission. There is no obligation to publicly update any forward-looking statements. |
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