14 Apr 2014 07:00
Amphion Innovations plc
DataTern Inc., Receives Favourable Appeal Ruling
London and New York, 14 April 2014 - DataTern Inc., a wholly-owned subsidiary of Amphion Innovations plc (AIM: AMP) ("Amphion" or "the Company"), has received a favourable decision on its appeal to the US Court of Appeals for the Federal Circuit. The appeal was a result of the ruling that was rendered in December 2012 by the US District Court for the Southern District of New York in the declaratory judgment actions brought by SAP and Microsoft in April 2011.
As previously announced in Amphion's RNS announcement of 17 April 2013, DataTern's appeal was based on its belief that the New York court lacked jurisdiction and that the Markman claim construction rendered on DataTern's patents was flawed.
The Federal Circuit's decision broadly found in favour of DataTern's position.
Richard Morgan, CEO of Amphion, said; "This is a good result. This ruling will allow us to continue to try to reach equitable licensing agreements with the many companies that are infringing these patents. Our goal remains to generate a fair and reasonable return on the very substantial investment we have made over many years in the development of these innovative technologies."
For further information please contact:
Amphion InnovationsCharlie Morgan+1 212 210 6224Novella Communications Tim Robertson / Ben Heath+44 020 3151 7008Panmure Gordon Limited Freddy Crossley / Fred Walsh / (Corporate Finance)Adam Pollock / Charlie Leigh-Pemberton (Corporate Broking)+44 020 7886 2500
About Amphion Innovations plc
Amphion (LSE: AMP) builds shareholder value in emerging companies in the medical and technology sectors, by using a focused, hands-on company building approach, based on decades of experience in both the US and UK. Amphion has significant shareholding in 7 Partner Companies developing proven technologies targeting substantial commercial marketplaces. The Amphion model has been refined to optimise the commercialisation of patents and other intellectual property within the Partner Companies. The Partner Companies collectively own or control over 200 separately identified pieces of intellectual property, a number which grows rapidly each year.
On the web: www.amphionplc.com