Pixelplus Obtains a Complete Victory at the Intellectual Property Tribunal of the Korea Intellectual Property Office on the Canc
02 Aprile 2008 - 2:00PM
PR Newswire (US)
SEOUL, South Korea, April 2, 2008 /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 that the
Company obtained a completely favorable ruling from the
Intellectual Property Tribunal ("IPT") of the Korea Intellectual
Property Office ("KIPO") on the cancellation and invalidation of
two disputed process patents claimed by MagnaChip Semiconductor
("MagnaChip"). In November 2006, the Company announced that
MagnaChip filed patent infringement claims on three process patents
in Seoul Central District Court. In May 2007, the Company initiated
cancellation and invalidation proceedings on these three patents at
the IPT at KIPO. Given the IPT's commendatory ruling on the two
process patents, Pixelplus will issue a separate announcement once
the IPT at KIPO provides its ruling on the one remaining disputed
process patent claimed by MagnaChip. 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., +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.
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