Check out news. Two more defendants settled.
Tuesday July 2 8:45 AM EDT
Two more defendants settle with E-data, take licenses in Internet patent infringement suit
SECAUCUS, N.J.--(BUSINESS WIRE)--July 2, 2996--E-data Corp. (OTC Bulletin Board: GIFT) announced that two additional defendants in the patent infringement suit brought by the company, in U.S. District Court for the District of Connecticut on March 26, 1996, have settled with E-data and taken licenses, leaving 16 remaining defendants in the suit.
E-data president Arnold L. Freilich said that Index Stock Photography Inc. of New York and Monotype Typography Inc. of Elk Grove Village, Ill., both privately held, were granted licenses today. The business of Index Stock Photography includes distributing digital images over the Internet, while that of Monotype Typography includes distributing fonts using locked and encrypted CD-ROMS.
Terms and conditions of the settlements were not disclosed.
The E-dataSystem(TM) system and method patent (U.S. patent No. 4,528,643 and corresponding Canadian and European patents), entitled "System for Reproducing Information in Material Objects at a Point of Sale Location," generally relates to electronic commerce applications involving the Internet and CD-ROM. It covers most on-demand and pay-as-you-go transactions involving the purchase of products composed of digital data, including software, information, fonts, images, music and video.
E-data is pursuing similar litigation against thirteen remaining defendants in U.S. District Court for the Southern District of New York. A key hearing date in that suit has been set for Sept. 6th, but Freilich indicated that negotiations were ongoing with several of the defendants in the New York case, too, relating to settlement and licensing.
E-data has previously granted worldwide non-exclusive licenses to IBM, VocalTec and Adobe Systems among others.
CONTACT: Arnold L. Freilich, President E-data Corp. 201/866-8456; alfco@planet.net or Warren J. Cavior, Media The Cavior Organization 212/687-6070; caviorg@aol.com or Anthony DiMaio, IR Contact Anthem Communications 212/943-8998; anthcomm@aol.com |