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Technology Stocks : ESST-the new beginning.

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To: ticker_0101 who wrote (3428)9/30/2002 6:41:36 PM
From: SemiBull  Read Replies (1) of 3493
 
ESS Technology Files Lawsuit Against MediaTek for Copyright Infringement

Monday September 30, 6:30 am ET

FREMONT, Calif., Sept. 30 /PRNewswire-FirstCall/ -- ESS Technology, Inc. (Nasdaq: ESST - News), today announced that it has filed a lawsuit against Taiwanese chip designer MediaTek Inc. for recently discovered copyright infringement of ESS's DVD firmware used with its Swan and Vibratto chips.

The suit filed in the United States District Court for the Northern District of California alleges that MediaTek intentionally and unlawfully used ESS's copyrighted DVD firmware in MediaTek's products. The lawsuit seeks damages and requests that the Court issue a preliminary and permanent injunction to stop MediaTek's products and DVD players containing those products from being imported into the United States.

"ESS Technology will take all steps necessary to protect the millions of dollars we have invested over the years in developing our proprietary software, firmware and high-performance integrated chips," said Robert Blair, president and CEO of ESS Technology. "We believe that our intellectual property has been a key part of our success in the marketplace, and we intend to protect this proprietary technology to the fullest extent of the law."

About ESS Technology

ESS Technology, Inc., is a leading supplier of high-performance feature-rich products for the rapidly growing DVD and digital entertainment markets. The company is also a leading provider of products that enable the emergence of digital home systems delivering and managing entertainment and information in the home.

ESS, headquartered in Fremont, California, has R&D, sales, and technical support offices worldwide. ESS Technology's common stock is traded on the Nasdaq under the symbol ESST. ESS Technology's web site address is: esstech.com.

The matters discussed in this news release include certain forward-looking statements that involve risks and uncertainties, including, but not limited to, the uncertainty of the outcome of any litigation proceedings, the impact of competitive products and pricing, the timely availability and acceptance of the Company's new products, the dependence on continued growth in demand for consumer multimedia products, and the other risks detailed from time to time in the SEC reports of ESS, including the reports on Form 10-K and Form 10-Q. Actual results could differ materially from those projected in the forward-looking statements.

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Source: ESS Technology, Inc.
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