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Amphion Innovations subsidiary obtains patent infringement settlements for over US$17m

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Amphion Innovations (LON:AMP) announced today that its wholly owned subsidiary DataTern has successfully obtained settlements from suits brought in the U.S. against several multi-national companies.

The suits were for the enforcement of DataTern’s U.S. Patents 5,937,402 and 6,101,502 covering Object to Relational Database Mapping technology. The settlements were reached with over 25 companies for over US$17 million.

Last week, Microsoft Corporation (NASDAQ:MSFT) brought suit against DataTern claiming these patents are not infringed by Microsoft technology and are invalid.

Amphion said that DataTern will strongly refute the claims and continue to enforce these patents against other infringers.

“We will vigorously defend the validity, and intend to prove infringement, of the DataTern patents,” said chief executive of Amphion Richard Morgan.

These patents are entitled to a presumption of validity and the 6,101,502 patent successfully completed a re-examination procedure in the U.S. Patent and Trademark Office in 2009.

All 18 claims of this patent were reaffirmed and 26 new claims were added.

In late March, Amphion announced that DataTern had agreed further licenses involving two US patents. The latest DataTern deals generate total revenues of US$665,000.

Since inception in 2008, the business has generated total revenues of approximately US$17 million by signing licenses with companies from the financial, credit card, retail, leisure, healthcare, airline, e-commerce, oil and gas, insurance, and software industries.

Amphion builds shareholder value in high growth companies in the medical and technology sectors, by using a focused, hands-on company building approach, based on decades of experience in both the US and UK. Each partner company is chosen with the goal of achieving an exit valuation in excess of US$100 million. The partner companies collectively own or control over 200 separately identified pieces of intellectual property.

Quick facts: Amphion Innovations PLC

Price: 0.15 GBX

AIM:AMP
Market: AIM
Market Cap: £314.96 k
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Amphion Innovations hails favourable court ruling

Richard Morgan, chief executive of Amphion Innovations (LON:AMP), explains the ins and outs of the ruling it has received in a US federal court relating to its patented intellectual property. He tells Proactive Investors that the company has been striving to protect a software patent related...

on 04/14/2014

2 min read