iii takes action against LG

    Luxembourg - July 26, 2011 - today iiinnovation S.A. filed a patent infringement action against LG Electronics Deutschland GmbH

    iiinnovation, a company active in the Markets for Technology, announced today that a complaint with the Hamburg District Court has been filed asserting that LG’s Computer Monitors and TVs able to be operated as Computer Monitors infringe a European Patent managed by iiinnovation: the EP 0 817 158.

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

    “Our primary interest is to make our technology available for lawful use. We are not interested in disrupting the availability of important products such as computer monitors. Our patented technology is streamlining the adjustment of display parameters. Many leading Monitor and TV producers have been already resolving to take a license under this patent. "

    Mr. Fogliacco continued saying:

    “We have been deeply regretting to see how LG was stalling the negotiation to access a valid license. They have been leaving us with no other options but to enforce our rights. This action, together with the previous ones, will demonstrate our resolution in running enforcement actions, also against leading companies.”

    Mr. Fogliacco concluded saying:

    “The use of iii’s intellectual property without a license is unfair towards iii and its licensees. Also in the interest of licensees under the patents who have provided compensation for a valid license, we cannot tolerate when other market players like LG try to benefit from using our technology, but for free. Those companies using iiinnovation's technology need to compensate iii for the use.”

    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 .

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