Video Conferencing Manufacturers, Viseon and Ivron Announce Settlement.Business Editors MINNEAPOLIS & DUBLIN, Ireland--(BUSINESS WIRE)--Sept. 25, 2001 Viseon, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VSNI) (formerly RSI (Repetitive Strain Injury) Ailments of the hands, neck, back and eyes due to computer use. The remedy for RSI is frequent breaks which should include stretching or yoga postures. Systems, Inc.), a global video conferencing equipment manufacturer, and Ivron Systems today announced a settlement of their dispute concerning certain patents owned by Viseon regarding videoconferencing technology. As part of the settlement agreement, Viseon has agreed not to sue Ivron over infringements of patents No. 5,802,281 and No. 6,073,192. Financial details of the settlement were not disclosed pursuant to the mutual confidentiality provisions in the settlement agreement. "We are pleased that another industry manufacturer has had the foresight to resolve our issues amicably rather than embarking on expensive 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. in defense of our claims. Our agreements with Polycom and Ivron should serve as a model for other infringers who we have yet to sue. I only regret that TANDBERG, asa (OSLO:TAA TAA - Track Average Amplitude ), VTEL VTEL Video Teleconferencing (now Forgent) (Nasdaq:FORG FORG Forge (street type) FORG Forgings ) and PictureTel (Nasdaq:PCTL) did not have the same vision," said John Harris, 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. of Viseon. Viseon has suits pending in U.S. Federal Court in Minnesota against all three companies and is evaluating litigation against other infringers. About Viseon, Inc. Viseon designs, manufactures and distributes a family of high performance, affordable video conferencing equipment. The Company's lightweight and portable MediaPro 384(R) video conferencing products offer life-like quality video and enhanced audio along with full interoperability between all popular brand H.320 standards-based video conferencing systems. MediaPro systems have a list price of less than $2000. The company also offers the full line of Sony (Nasdaq:SNE) E-Conference products and Polycom (Nasdaq:PLCM) audio, video and network products, and U.S. 384K ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. network at prices as low as $29 per hour. Viseon recently launched its own line of peripherals with the acquisition of the Automatic Line Routing Switch (ALRS) technology. The ALRS allows a video conferencing user to move a video conferencing system from room to room without requiring duplicate network or manual re-routing of network connections. The ALRS acts as an electronic patch panel A group of sockets used to connect incoming and outgoing lines in communications and electronic systems. Patch panels allow for manually wiring the connections with small cables (patch cords), rather than automatic switching. , which will automatically re-route ISDN (BRI/PRI), IP, and POTS network connections to the new pre-wired location of a video conferencing system. Viseon has been one of the leading manufacturers of video conferencing technology for Phillips, Gentner and VTEL (now Forgent), as well as marketed the MediaPro under the RSI label. Viseon currently holds the U.S. patents for video conferencing technology No. 5,802,281 and No. 6,073,192. About Ivron Systems Ivron Systems is the visionary leader in bringing advanced information sharing to video meetings, resulting in faster and better business decision-making. To enhance video-based decision-making, Ivron develops hardware and software platforms that help organizations dynamically share Web-based and business documents over ISDN and LAN/IP LAN/IP Local Area Network/Internet Protocol networks. Ivron delivers these solutions through a worldwide network of OEM and channel partners. Based in Dublin, Ireland, with headquarters in Austin, Texas, Ivron has shipped over 6,000 video codecs to more than 50 countries since 1994. For more information, please visit the company's Web site at: http://www.ivron.com FORWARD LOOKING INFORMATION Information in this news release includes forward-looking statements made pursuant to the safe harbor provisions of 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. All such forward-looking statements involve risks and uncertainties including, without limitation, adverse business or market conditions, the ability to secure and satisfy customers, the availability and cost of materials from suppliers, adverse competitive developments, change in or cancellation of customer requirements, and other risks detailed from time to time as set forth in applicable SEC filings. For more information on Viseon, Inc. visit www.viseonvideo.com. |
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