Radyne Says Comtech Claim Invalid and Without Merit
20 Juin 2006 - 2:18AM
PR Newswire (US)
PHOENIX, June 19 /PRNewswire-FirstCall/ -- Radyne Corporation
(NASDAQ:RADN) today announced that they had already filed a
response to the lawsuit filed by Comtech EF Data for patent
infringement. Radyne believes that the claim is without merit and
invalid In the filing with the court, Radyne denied that the
switching technology used in its converters is covered by the
Comtech EF Data patent and further claims that the patent itself is
not valid. "Radyne does not employ the technology described in
Comtech's patent which itself covers a method that has been widely
used in the industry for years," said Bob Fitting, Radyne's CEO.
"Although the business affected by the claim is not significant to
Radyne, we believe it is in the best interest of our customers to
defend this lawsuit." About Radyne Corporation Radyne Corporation
designs, manufactures, sells, integrates and installs products,
systems and software used for the transmission and reception of
data and video over satellite, troposcatter, microwave and cable
communication networks. The Company, through its Tiernan
subsidiary, is a supplier of HDTV and SDTV encoding and
transmission equipment. The Xicom Technology subsidiary is a
producer of high power amplifiers for communications applications.
Radyne is headquartered in Phoenix, Arizona, has manufacturing
facilities in Phoenix, Arizona and San Diego, and Santa Clara,
California and sales offices in Singapore, Beijing, Jakarta and the
United Kingdom. The Company also has sales and/or service centers
in Sao Paulo, Bangalore, Shanghai and Moscow. For more information,
visit our web site at http://www.radn.com/. Additional information
on Xicom is available at http://www.xicomtech.com/. Safe Harbor
Paragraph for Forward-Looking Statements This press release
includes statements that may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 (the "Reform Act") and Radyne claims the
protection of the safe-harbor for forward-looking statements
contained in the Reform Act. These forward-looking statements are
often characterized by the terms "may," "believes," "projects,"
"expects," or "anticipates," and do not reflect historical facts.
Forward-looking statements involve risks, uncertainties and other
factors that may cause actual results, performance or achievements
of Radyne Corporation and its subsidiaries to be materially
different from those expressed or implied by such forward-looking
statements. Factors that could affect Radyne Corporation's results
and cause them to materially differ from those contained in the
forward-looking statements contained herein include, without
limitation our belief that Radyne will prevail in litigation
(should there be any) or negotiation regarding this claim. Other
factors that may affect forward-looking statements and the
Company's business generally include but are not limited to: *
Prospects of the international markets and global economy given
that Radyne Corporation depends heavily on international sales. * A
downturn in the evolving telecommunications, television broadcast
and Internet industries. * Risk factors and cautionary statements
made in Radyne Corporation's Annual Report on Form 10-K for the
period ended December 31, 2005 and in its' Quarterly Report of Form
10-Q for the period ended September 30, 2005. * The effect that
acts of international terrorism may have on Radyne Corporation's
ability to ship products abroad. * Other factors that Radyne
Corporation is currently unable to identify or quantify, but may
exist in the future. Forward-looking statements speak only as of
the date the statement was made. Radyne Corporation does not
undertake and specifically declines any obligation to update any
forward-looking statements. Contact: Malcolm Persen, Chief
Financial Officer, 602.437.9620 DATASOURCE: Radyne Corporation
CONTACT: Malcolm Persen, Chief Financial Officer of Radyne
Corporation, +1-602-437-9620 Web site: http://www.radn.com/
Copyright
Radyne Corp (MM) (NASDAQ:RADN)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024
Radyne Corp (MM) (NASDAQ:RADN)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024
Real-Time news about Radyne Corp (MM) (NASDAQ): 0 recent articles
Plus d'articles sur Radyne (MM)