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Suffern, NY - May 9, 2002 - General Patent Corporation
International (GPCI) and its wholly-owned subsidiary,
Acticon Technologies LLC (Acticon), have recently settled
its lawsuit with National Instruments Corporation of
Austin, TX (NASDAQ: NATI) regarding two of the "smart
connector" patents owned by Acticon.
National Instruments brought a declaratory judgment
suit against Acticon and GPCI in June of 2001, in the
U.S. District Court for the Western District of Texas,
seeking to have Acticon's "smart connector"
patents declared invalid and not infringed. The parties
have reached an amicable resolution of this dispute,
which resulted in National Instruments withdrawing its
action against Acticon and GPCI, and taking a license
under the patents-in-suit. As part of the settlement,
National Instruments stipulated that the patents-in-suit
are valid, enforceable and infringed. National Instruments
and Acticon had been engaged in licensing discussions
prior to initiation of the lawsuit.
"We are pleased with this settlement," said
Alexander Poltorak, GPCI's chairman and CEO. "National
Instruments sought to invalidate our patents, but ultimately
agreed that the patents are valid and infringed, and
took a license under the patents," he added.
William Parrish of Jenkens & Gilchrist, lead counsel
in this case, remarked that, "General Patent Corporation
is well prepared and resolute about defending and enforcing
their IP rights. Infringers are well advised to take
a license and avoid expensive litigation."
Acticon's "smart connector" patents cover
specific aspects of PC cards and other "smart connector"
devices used in mobile computer communication, networking
and instrumentation control. More than 90% of the PC
cards sold in the United States today are licensed under
the Acticon patents. GPCI has successfully represented
Acticon in 45 licensing transactions and eleven litigations.
About Acticon Technologies
Acticon Technologies LLC, a wholly owned subsidiary
of General Patent Corporation International, is a computer
connectivity and communications technology company based
in Suffern, NY. Acticon's award-winning smart connector
technology is based on U.S. Patent Nos. 4,603,320 ("Connector
Interface"), 4,686,506 ("Multiple Connector
Interface"), 4,972,470 ("Programmable Connector")
and 4,543,450 ("Integrated Connector and Modem").
Only the '320 and '470 patents had been the subject
of this litigation. Acticon Technologies offers non-exclusive
licenses under these patents on attractive terms. For
licensing terms contact Paul Lerner at (845) 368-4000
x104.
About General Patent Corporation International
General Patent Corporation International (GPCI) is
a premier IP licensing and enforcement firm headquartered
in Suffern, NY. GPCI represents clients in IP enforcement
matters and licensing transactions on a contingency
basis.
General Patent Corporation (GPC), an affiliate of GPCI,
is a leading international intellectual property management
firm. GPC provides IP analysis and strategy, IP audit
and valuation, IP portfolio mining and management, and
technology transfer services to domestic and foreign
businesses, universities, research institutions and
individual inventors.
For further information on GPC and GPCI, contact General
Patent Corporation, Montebello Park, 75 Montebello Road,
Suffern, NY 10901-3740; telephone: (845) 368-4000; e-mail:
info@gpci.com or visit www.patentclaim.com.
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