Pixelplus Obtains A Complete Victory in the Seoul High Court on the Disputed Color Filter Patent Claimed by MagnaChip
18 Marzo 2008 - 1:00PM
PR Newswire (US)
SEOUL, South Korea, March 18 /PRNewswire-FirstCall/ -- Pixelplus
Co., Ltd. (NASDAQ:PXPL), a fabless semiconductor company in Korea
that designs, develops, and markets CMOS image sensors for various
consumer electronics applications, today announced it obtained a
completely favorable ruling in the patent infringement proceedings
from the Seoul High Court on the disputed color filter patent
claimed by MagnaChip Semiconductor ("MagnaChip"). Given this
favorable development, MagnaChip's patent infringement claims on
the color filter patent will no longer be contested or remain at
issue. The Seoul High Court's ruling on the color filter patent
reflects and reinforces the earlier decision issued by the Seoul
Central District Court in February 2007, under which the Company
obtained a complete victory on the disputed color filter and
contact hole process patents claimed by MagnaChip. In March 2007,
MagnaChip filed an appeal with the Seoul High Court to reverse this
earlier ruling issued by the Seoul Central District Court. In
November 2007, MagnaChip completely withdrew its claims on the
disputed contact hole process patent in Seoul High Court. About
Pixelplus Co., Ltd. Pixelplus is a South Korea-based developer of
high-performance, high-resolution, and cost-effective CMOS image
sensors for use primarily in mobile camera phones. In addition to
mobile phones, Pixelplus provides CMOS image sensors and SoC
solutions for use in webcams and notebook embedded cameras, toys
and games, and security and surveillance system applications. As a
fabless semiconductor company, Pixelplus is focused on creating
proprietary design technologies to develop CMOS image sensors with
sharp, colorful and enhanced image quality, size efficiency, and
low power consumption. Forward Looking Statement This press release
contains certain statements that are not historical in nature but
are "forward-looking statements" within the meaning of the "safe-
harbor" provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements generally can be identified by
the use of forward- looking terminology, such as "may," "will,"
"expect," "intend," "estimate," "anticipate," "believe," "project,"
or "continue" or the negative of such words or other similar words.
Pixelplus cautions readers that forward-looking statements are
based on the Company's current expectations, estimates and
assumptions about our company and our industry, and are subject to
a number of risks and uncertainties. Actual results may differ
materially from those contained in such forward-looking statements.
Investors are directed to Pixelplus' reports and documents filed
from time to time with the U.S. Securities and Exchange Commission
for a description of various factors that should be considered
before investing in Pixelplus' securities. These factors may cause
Pixelplus' results to differ materially from the forward-looking
statements made in this release. The forward-looking statements
speak only as of the date of this press release and Pixelplus
assumes no duty or obligation to update them to reflect new,
changing, or unanticipated events or circumstances. Contact: Shane
Y. Hong Pixelplus Co., Ltd. 6th Floor, Gyeonggi R&DB Center
906-5 Iui-dong, Yeongtong-gu, Suwon-si Gyeonggi-do, 443-766,
Republic of Korea +82-31-888-5300 OR Taylor Rafferty: London -
Emilia Whitbread at +44 (0) 20 7614 2900 New York - Allon Bloch at
+1 212 889 4350 Tokyo - Jason Wagers at +81 (0) 3 3221 9513 Email
DATASOURCE: Pixelplus Co., Ltd. CONTACT: Shane Y. Hong of Pixelplus
Co., Ltd., +82-31-888-5300, or Taylor Rafferty: London, Emilia
Whitbread, +44(0)20-7614-2900, or New York, Allon Bloch,
+1-212-889-4350, or Tokyo, Jason Wagers, +81(0)3-3221-9513, , all
for Pixelplus Co., Ltd.
Copyright
Grafico Azioni Pixelplus CO Ltd (MM) (NASDAQ:PXPL)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Pixelplus CO Ltd (MM) (NASDAQ:PXPL)
Storico
Da Giu 2023 a Giu 2024