CPVD news:
Wednesday May 10, 9:29 am Eastern Time
Company Press Release
SOURCE: CompuSonics Video Corporation
CompuSonics Video Renews Six Foreign Patents
WEST BLOOMFIELD, Mich., May 10 /PRNewswire/ -- CompuSonics Video Corporation (OTC Bulletin Board: CPVD - news) announced that it has recently paid the renewal fees required to maintain its data compression patents in effect in The United Kingdom, France, Germany, Belgium, Luxembourg and Switzerland.
These foreign patents, as well as the company's Japanese patent, are counterparts of the corresponding U.S. Patents in which the Company holds an interest, covering fundamental techniques for digital recording and playback of audio and video data. The Company previously announced the launch of a formal program to license these patents.
The foreign patents will be offered for license along with the Company's U.S. patents.
The Company indicated that it has continued to renew and maintain its data compression patents in key foreign countries in the belief that the foreign patents contribute additional value to the patent portfolio that the Company intends to offer for license. These foreign patent rights may be especially important where prospective licensees have significant manufacturing or sales operations in foreign
countries where the Company enjoys patent protection. The Company is hopeful that licensing its foreign patent rights along with the U.S. rights will enhance the royalty-generated revenue stream to the Company in the event that the Company is successful in its licensing program.
The statements included in this news release concerning predictions of economic performance and management's plans and objectives constitute forward- looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section
27A of the Securities Act of 1934, as amended. These statements involve significant risks and
uncertainties that could cause actual results to differ materially from the forward-looking statements.
Factors which could cause or contribute to such differences include, but are not limited to, factors
detailed in the Company's Securities and Exchange Commission filings; the ability of the Company to
determine whether infringements have occurred on its patents, the ability of the Company to license
its technology to other companies in the United States and in foreign countries, the scope and
applicability of the Company's patents as it relates to technology in the current marketplace,
economic downturns affecting the operations of the Company or any of its business operations, and
the unavailability of financing to complete management's plans and objectives. The forward-looking
statements contained in this press release speak only as of the date hereof and the Company
disclaims any intent or obligation to update these forward-looking statements.
SOURCE: CompuSonics Video Corporation |
