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General Patent Corporation Settles Patent Suit with New Media

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MONSEY, N.Y., September 14, 1998 - General Patent Corporation International (GPCI) has reached an out-of-court settlement with New Media Corporation (Irvine, Cal.) in a patent infringement suit brought by GPCI against seven leading modem manufacturers in May 1997 to enforce four of GPCI's patents which cover specific aspects of PCMCIA devices, PC card modems and other computer communications devices.

As part of the settlement, GPCI obtained an equity stake in New Media. Licensing terms also include ongoing royalties.

"We are happy to become New Media's shareholder," said Alexander Poltorak, Ph.D., GPCI's Chairman and CEO. "New Media enjoys excellent brand name recognition, and is poised to regain its leadership position in the modem market," he added.

Most of the defendants in the lawsuit have settled out-of-court by licensing GPCI's patents. Additional litigation is pending in New York against Motorola.

The patents include U.S. Patent Nos. 4,543,450 ("Integrated Connector and Modem"), U.S. Patent Nos. 4,603,320 ("Connector Interface"), 4,686,506 ("Multiple Connector Interface") and 4,972,470 ("Programmable Connector").

Further information on GPCI and its patent activities is available by contacting General Patent Corporation International at info @ patentclaim.com.
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