General Patent Corporation Reaches Settlement in Patent Infringement Lawsuit with Mustek, Inc.
Suffern, N.Y. (PRWEB) August 11, 2011
General Patent Corporation (GPC), a leading patent licensing and enforcement firm, announced today on behalf of its subsidiary, Advanced Video Technologies LLC (AVT), that it settled a patent infringement lawsuit with Mustek, Inc. of Tustin, Calif. As part of the settlement, Mustek took a non-exclusive license under the patent-in-suit at the AVT’s standard royalty rate of $ 0.25 per unit, and is paying for past acts of infringement of the patent.
AVT owns U.S. Patent No. 5,781,788 (the “‘788 Patent”) titled “Full Duplex Single Chip Video Codec.” In December of 2010, AVT filed a patent infringement lawsuit (Case No. 10-cv-9013) in the U.S. District Court for the Southern District of New York against seven video camera manufacturers. Thus far, Mustek is the fourth defendant to settle the suit. Prior licensees of the ‘788 Patent include Casio Computer Co., Ltd., Casio America Inc., Pure Digital Technologies, Inc., Electro Flip LLC and Audiovox Electronics Corporation.
“We are pleased to have now reached an agreement with four of the seven defendants in the AVT patent litigation,” said Paul J. Lerner, GPC’s Sr. Vice President and General Counsel. “The ‘788 Patent is available for licensing on non-discriminatory terms to other manufacturers,” he added.
About Advanced Video Technologies LLC
Advanced Video Technologies LLC owns U.S. Patent No. 5,781,788 for “Full Duplex Single Chip Video Codec.” AVT is a portfolio company of IP Holdings LLC and is managed by General Patent Corporation. For licensing terms and conditions for the ‘788 Patent, contact Kathlene Ingham, GPC’s Director of Licensing, at (845) 368-4000 x107 or email kingham(at)generalpatent(dot)com. For more information about Advanced Video Technologies LLC visit http://www.advancedvidtech.com.
About General Patent Corporation
General Patent Corporation, headquartered in Suffern, N.Y., is a leading intellectual property boutique focusing on patent licensing and enforcement. GPC is the oldest patent enforcement firm in the U.S., representing inventors, businesses, universities and other patent owners in patent enforcement and assertive licensing on a contingency basis. GPC is the managing member of Advanced Video Technologies LLC. For more information, visit http://www.generalpatent.com.
About IP Holdings LLC
IP Holdings LLC, an affiliate of General Patent Corporation, is an IP-centric merchant banking organization. IP Holdings provides IP finance, IP brokerage and IP advisory services. IP Holdings LLC is a member of Advanced Video Technologies LLC. For more information on IP Holdings, visit http://www.ip-holdings.com.
###
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
This is my first time i visit here. I found so many entertaining stuff in your blog, especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here! Keep up the good work.