Internet Patents Corporation Issues Comment Regarding USPTO Reexamination
06 September 2013 - 6:30AM
Marketwired
Internet Patents Corporation (NASDAQ: PTNT) ("IPC"), the owner of
U.S. Patent No. 6,898,597 ("the '597 patent") is preparing to
defend its patent at the U.S. Patent and Trademark Office ("USPTO")
from an ex parte reexamination challenge brought by eBags, Inc. and
TellApart, Inc.
On April 29, 2013, eBags and TellApart filed a request at the
USPTO for an ex parte reexamination, challenging the validity of
the '597 patent. IPC believes this reexamination request was merely
a litigation tactic intended to slow down the lawsuit IPC had filed
previously against eBags and TellApart for patent infringement in
U.S. District Court for the Northern District of California. That
court recently granted the defendants' request that the litigation
be stayed pending the conclusion of the USPTO proceeding.
"Although we are disappointed that the defendants have chosen to
delay the litigation, we continue to firmly believe in the strength
of each our patents, including the '597 patent," said Hussein Enan,
Chairman and CEO of Internet Patents Corporation. "We expect a
positive outcome in the reexamination, which will further
strengthen and enhance the value of the '597 patent. During the
pendency of the reexamination process, which can take up to several
years to complete, the claims of the '597 patent remain valid and
in full force; however, our Board has chosen to defer filing
additional suits alleging infringement of this patent during this
time."
About Internet Patents Corporation
Headquartered in Sacramento, CA, Internet Patents Corporation
(NASDAQ: PTNT) operates a patent licensing business focused on its
e-commerce technologies.www.internetpatentscorporation.net
Forward-Looking Statements
This news release contains forward-looking statements, which
include statements expressing the intent, belief or current
expectations of Internet Patents Corporation that are subject to
significant risks and uncertainties and are subject to change based
on various factors, many of which are beyond our control. The words
"may," "could," "should," "would," "believe," "anticipate,"
"estimate," "expect," "intend," "plan," "target," "goal," and
similar expressions are intended to identify forward-looking
statements. Actual results might differ materially from those
stated or implied by such forward-looking statements due to risks
and uncertainties associated with Internet Patent Corporation's
business, which include, but are not limited to: the unpredictable
nature of patent licensing and patent litigation; potential changes
in the laws and regulations relating to patents and patent
litigation; the risk that our patent portfolio has never generated
revenues or been subject to final adjudication of validity; future
changes we may make in our patent licensing strategy; and changes
in the taxation of income due to the disallowance or expiration of
the Company's net operating losses. Unless legally required,
Internet Patents Corporation undertakes no obligation to update
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise. The forward-looking
statements should be considered in the context of these and other
risk factors disclosed in the Company's filings with the Securities
and Exchange Commission.
Investor Relations Contact: Jennifer Jarman The Blueshirt
Group 415-217-5866 Email Contact
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