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iii takes action against Hitachi

    Luxembourg - Oct. 18, 2010 - iiinnovation S.A. today filed a patent infringement action against Hitachi.

    In its complaint filed today, iiinnovation asserts that Hitachi displays infringe EP Patent No. 0 543 089 and EP Patent No. 0 817 158. The complaint seeks unspecified damages and a court ordered injunction against future infringement by Hitachi. The complaint with the Mannheim District Court has the following file number: 7 O 220/10.

    iii issued the following statement from Mattia Fogliacco, Managing Director of iiinnovation:

    "Patent infringements represent major problems in the Markets for Technology. The lawsuit comes after nearly 8 months of attempts by iiinnovation to resolve its concerns with Hitachi over infringement of iii's patents. Following in-depth investigations, iiinnovation took recourse to the Mannheim Court and initiated legal proceedings for damage and injunction in connection with patent infringements.

    The Company's technology covered by the '089 and '158 patents is fundamental in achieving user friendly controls in modern monitors. This technology has been licensed to many players in the industry and iiinnovation intends to protect and enforce its IP. This action needs to be considered a first concrete step in that process.

    iii is finalizing the negotiations with a new series of licensees and such players are demanding a rigorous approach with other companies using the same technology. In order to ensure this, we are considering taking further actions against players who are refusing to recognize the IP rights managed by our company."


    About iii

    iiinnovation S.A. (iii) is one of the fastest growing intermediaries in the Markets for Technology. By focusing on intellect, ideas and innovation, iii is realizing the value of IP assets. iii finances, engineers and manages licensing programs that better serve the needs of the actors in the Markets for Technology. For more information about iii, please visit www.iiinnovation.com .

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