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Jury returns verdict in favor of Ampex Corporation in patent litigation.

REDWOOD CITY, Calif.--(BUSINESS WIRE)--April 10, 1997--Ampex Corporation (AMEX:AXC) announced today that a jury in the U.S. District Court for the District of Delaware has returned a verdict in favor of Ampex in its patent infringement lawsuit instituted against Mitsubishi Electric Corp. and Mitsubishi Electric America Inc. in September 1995.

The jury awarded damages to Ampex of approximately $8.1 million for infringement in prior periods. The jury found that Mitsubishi had infringed an Ampex patent in connection with the manufacturing of television receivers.

The defendants have asserted various equitable defenses which must be ruled upon by the trial court before the determination and entry of any final judgment. Completion of this phase of the trial proceedings is not expected for several weeks and any judgment would be subject to appeal. Accordingly, the ultimate outcome of this proceeding is, at present, uncertain.

The verdict returned today relates only to infringement of one of the Company's patents which is used in picture-in-picture television sets. Ampex has asserted additional infringement claims against Mitsubishi with respect to infringement of Ampex patents in connection with various VCR products. No date has been set for a trial of these claims.

Ampex Corporation, with headquarters in Redwood City, is one of the world's leading innovators in the fields of magnetic recording, image processing and high-performance digital storage. Currently, Ampex is focusing its technology on the emerging market for mass digital storage in the visual information age. During its 53-year history of innovation, Ampex has been granted thousands of patents and has earned numerous awards for technical achievement. Today, Ampex customers include numerous well-known organizations such as AT&T, Boeing, Mobil Oil, Time Warner and NASA.

CONTACT: Ampex Corporation

Karen D. Schweikher, 415/367-4427
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Publication:Business Wire
Date:Apr 10, 1997
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