GREAT NEWS
SyQuest Technology and Nomai, S.A. Settle Lawsuit;
Nomai to Distribute SyQuest Products on Private
Label Basis
Business Wire - October 15, 1997 08:32
SYQUEST-TECHNOLOGY NOMAI SYQT %CALIFORNIA %COMPUTERS %ELECTRONICS
%COMED V%BW P%BW
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FREMONT, Calif.--(BUSINESS WIRE)--Oct. 15, 1997--SyQuest Technology, Inc.
(NASDAQ:SYQT) today announced that it has reached an agreement with Nomai, S.A. of
Avranches, France, settling the lawsuit it filed against Nomai in January of 1997 in Federal
District Court in San Francisco for patent, copyright, and trademark infringement and certain
other causes of action.
Under the terms of the agreement, Nomai will be granted a royalty-bearing license to produce
3 inch and 5 inch replacement cartridges for SyQuest removable disk drives. As part of the
settlement agreement, the two companies will enter into a cross-licensing arrangement and
Nomai will begin to sell SyQuest products on a private label basis.
"This relationship with Nomai will mark the beginning of a new era of cooperation between
our two companies and is expected to open new sales channels for SyQuest and its
award-winning SyJet product," said Ed Marinaro, SyQuest's chairman.
About SyQuest
SyQuest Technology, Inc. is headquartered in Fremont, California, and maintains
manufacturing plants in Fremont, Calif., and Penang, Malaysia, with additional facilities in
Colorado, California, Europe and Asia. The company offers removable cartridge hard drives
for Apple, Windows, MS-DOS, PC-DOS, UNIX, SGI and Sun OS platforms. SyQuest
(SYQT) is publicly traded on NASDAQ's National Market System. See SyQuest on the
World Wide Web at syquest.com .
This news release contains forward-looking statements that involve risks and uncertainties,
including competition in the marketplace for the Company's products and other risks detailed
from time to time in the reports filed by SyQuest with the SEC, including the reports on Forms
8-K, IO-Q and 10-K.
Note to Editors:
SyQuest and the SyQuest logo are registered trademarks, and SyJet is a trademark of
SyQuest Technology, Inc. All other brands or tradenames are the property of their
respective companies. |
