Cardiac Science Settles Patent Infringement Suit With Smaller Competitor
09 Août 2005 - 8:30AM
PR Newswire (US)
$925,000 Payment to Cardiac Science Settles Dispute IRVINE, Calif.,
Aug. 9 /PRNewswire-FirstCall/ -- Cardiac Science, Inc.
(NASDAQ:DFIB), a leading manufacturer of life-saving automatic
public-access defibrillators (AEDs), announced today that it has
settled its patent infringement lawsuit it had brought against
privately-held Defibtech, L.L.C. in the United States District
Court for the District of Minnesota in April, 2003. As a condition
of settlement, Cardiac Science will receive a cash payment in the
amount of $925,000. Cardiac Science's allegations of infringement
by Defibtech of United States Patent No.'s 5,579,919, 5,700,281 and
6,038,473 and all of Defibtech's assorted counterclaims have been
fully resolved. Other terms and conditions of the settlement remain
confidential. Cardiac Science's Chairman and CEO Raymond W. Cohen
said, "This settlement further demonstrates the strength of our
patent portfolio and serves as yet another example where Cardiac
Science has prevailed when our intellectual property assets were
threatened by a competitor. We will continue to be vigilant in the
marketplace in defending our inventions. And as our track record
demonstrates, when necessary, we will not shy away from seeking
remedy in court in order to dissuade our competitors, irrespective
of their size or standing in the marketplace, from inappropriately
employing our patented AED features and technology. To that end, we
fully intend to continue to aggressively pursue the outstanding
patent litigation suit which we brought against Philips in early
2003 until it is resolved to our satisfaction and we receive
sufficient recompense." About Cardiac Science Cardiac Science
develops, manufactures and markets a complete line of Powerheart(R)
brand, automatic public access defibrillators (AEDs), and offers
comprehensive AED/CPR training and AED program management services
that facilitate successful deployments. The company has over 70
issued U.S. patents relating to its external defibrillation
products and technology. For more information on Cardiac Science
please visit http://www.cardiacscience.com/ or call (949) 797-3800.
This news release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. In
addition, from time to time the company, or its representatives,
have made or may make forward-looking statements orally or in
writing. The words "estimate," "potential," "intended," "expect,"
"anticipate," "believe," and similar expressions or words are
intended to identify forward looking statements. Such
forward-looking statements include, but are not limited to the
strength of Cardiac Science's patents and its ability to receive
recompense based on its allegations of patient infringement against
Philips Medical. Cardiac Science cautions that these statements are
subject to substantial risks and uncertainties and are qualified by
important factors that could cause actual results to differ
materially from those reflected by the forward-looking statements
and should not be relied upon by investors when making an
investment decision. Information on these and other factors is
detailed in the Company's Form 10-K for the year ending December
31, 2004, subsequent quarterly filings, and other documents filed
by the Company with the Securities and Exchange Commission.
Contact: Matt Clawson (Investors), or Kenneth Olson Len Hall
(Media) Chief Technology Officer Allen & Caron Inc Cardiac
Science, Inc. (949) 474-4300 (949) 797 3800 DATASOURCE: Cardiac
Science, Inc. CONTACT: Investors, Matt Clawson, , or Media, Len
Hall, , both of Allen & Caron Inc, +1-949-474-4300, for Cardiac
Science Inc.; or Kenneth Olson, Chief Technology Officer, Cardiac
Science, Inc., +1-949-797-3800, Web site:
http://www.cardiacscience.com/
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