Artesyn Issues Comment on Patent Infringement Suit by Power-One
06 October 2005 - 1:42AM
PR Newswire (US)
BOCA RATON, Fla., Oct. 5 /PRNewswire-FirstCall/ -- Artesyn
Technologies (NASDAQ:ATSN) issued the following statement with
regards to the suit filed by Power-One, Inc. on September 30, 2005
(NASDAQ:PWER) in the United States Court for the Eastern District
of Texas, Marshall Division and the press release that Power-One
issued describing the suit: Artesyn is very diligent about
intellectual property ownership during its product development
process. It believes that it has defenses to the suit filed by
Power-One, intends to assert them vigorously and expects to
prevail. Artesyn believes in competing aggressively and fairly in
the marketplace based upon the merits of its products. This lawsuit
and the accompanying press release by Power-One appear, in
Artesyn's opinion, to be a baseless attempt to slow the adoption of
the PMBus(TM) protocol through the courts instead of through
technical merit. While Power-One has chosen to invest in a
proprietary system architecture, Artesyn believes the future of
digital power management is better served with an open architecture
such as the PMBus(TM) protocol, which has already gained
significant support from numerous power supply and semiconductor
companies, as well as system OEMs. About Artesyn Technologies, Inc.
Artesyn Technologies, Inc., headquartered in Boca Raton, FL., is a
world leader in the design, manufacture and sale of power
conversion and embedded board solutions for infrastructure
applications in server and storage, wireless and telecommunications
systems. Our products are used in middle to high-end servers, data
storage devices, routers, hubs, high-speed modems, RF amplification
systems, base station controllers and transceivers. The company has
a global sales reach with design and manufacturing facilities in
Asia, Europe and North America. Artesyn is a public company whose
common stock is traded on the Nasdaq stock market under the symbol
ATSN. For more information, please visit the company's web site at
http://www.artesyn.com/ . Cautionary Statement About
Forward-Looking Statements Statements in this press release that
are not historical facts are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Readers are cautioned that these forward- looking statements
involve certain risks and uncertainties and may differ materially
from actual future events or results. Undue reliance should not be
placed on such forward-looking statements. Certain risks and
uncertainties are identified in Artesyn's periodic filings with the
United States Securities and Exchange Commission, specifically the
most recent annual report on Form 10-K, filed on March 16, 2005.
Some of these risk factors include, but are not limited to,
operating in a volatile, competitive industry characterized by
rapidly changing prices, technologies and demands associated with
global manufacturing in foreign locations, dependence on a
relatively small number of customers, dependence on and volatility
of foreign sales, and technological changes which may render our
existing products uncompetitive or obsolete. Any forward-looking
statement made in this release is made as of the date of this
release and should not be relied upon as representing our estimates
as of any subsequent date. Artesyn assumes no obligation to update
any such forward- looking statements. While we may elect to update
forward-looking statements at some point in the future, we
specifically disclaim any obligation to do so, even if our
estimates change. For a more detailed discussion of such risks and
uncertainties, the Company strongly encourages you to review its
SEC filings. PMBus is a trademark of the System Management
Interface Forum, Inc.
http://www.newscom.com/cgi-bin/prnh/20050117/FLMLOGO
http://photoarchive.ap.org/ DATASOURCE: Artesyn Technologies
CONTACT: Pamela Rembaum, Director of Investor Relations, Artesyn,
+1-561-451-1028 Web site: http://www.artesyn.com/
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