Speedus and Verizon Wireless Agree to Dismissal of Patent Suits
18 May 2007 - 2:28AM
PR Newswire (US)
NEW YORK, May 17 /PRNewswire-FirstCall/ -- Speedus Corp.
(NASDAQ:SPDE) today announced that both it and Cellco Partnership
(d/b/a Verizon Wireless) have reached a mutual agreement leading to
the dismissal of the two separate complaints filed against Verizon
Wireless by Speedus. No financial consideration was paid or
received by either party. The April 30, 2007 decision by the U.S.
Supreme Court in KSR International Co. v. Teleflex Inc. et al has
created a marked transformation in the interpretation of patents
and was the impetus for this agreement. The decision is available
at http://www.supremecourtus.gov/opinions/06pdf/04-1350.pdf. Due to
the existence of other litigation, no other comments will be made
by Speedus. About Speedus Corp. Speedus is a pioneer in wireless
broadband, owning both wireless spectrum and a portfolio of
broadband IP. Speedus also holds controlling interests in Zargis
Medical Corp. and F&B Gudtfood Holdings, Inc. Additional
information on Speedus Corp. and its services may be obtained at
http://www.speedus.com/ or by contacting Peter Hodge at
888-773-3669 (ext. 23) or . Statements contained herein that are
not historical facts, including but not limited to statements about
the Company's product, corporate identity and focus, may be
forward-looking statements that are subject to a variety of risks
and uncertainties. There are a number of important factors that
could cause actual results to differ materially from those
expressed in any forward- looking statements made by the Company,
including, but not limited to, the continuing development of the
Company's sales, marketing and support efforts. DATASOURCE: Speedus
Corp. CONTACT: Peter Hodge of Speedus Corp., +1-888-773-3669, Ext.
23, Web site: http://www.speedus.com/
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