InvenSense, Inc. : InvenSense® Announces Stay Motion Court Win in Patent
Litigation Brought by ST Microelectronics
SUNNYVALE, Calif., March 6, 2013 - InvenSense, Inc. (NYSE: INVN), the leading
provider of MotionTracking^(TM) devices, today announced that it won its
motion to stay the patent litigation action brought by ST Microelectronics
(ST) (NYSE:STM) in the Northern District of California due to progress in
separate proceedings with the United States Patent Office (USPTO) challenging
the validity of all of ST's asserted patents.
All of ST's claims asserted in this litigation initiated by ST are now subject
to USPTO reexamination proceedings. The USPTO has already determined that
substantial questions of patentability exist for seven of the nine patents
asserted by ST, and USPTO office actions have already issued for four of the
patent reexamination requests. The USPTO has rejected all of ST's asserted
claims in those office actions. In view of the pending reexaminations, the
United States District Court for the Northern California agreed with
InvenSense that it is unnecessary to currently proceed with the litigation
initiated by ST and has granted InvenSense's motion to stay the litigation.
Historically, InvenSense developed the first integrated dual-axis MEMS
gyroscope for consumer electronics applications, and by 2006, its novel
applications in consumer electronics products created very significant
customer demand for similar products. ST did not enter the consumer MEMS
gyroscope market until 2008, when it tried to catch up to InvenSense and
target the growing consumer electronics market. ST did not develop a two-axis
gyroscope for this market until 2009 and its three-axis gyroscope, at issue in
this litigation, until 2010. InvenSense continues to innovate sensor
technology with the first integrated six-axis gyroscope and accelerometer
products introduced in 2011.
On May 16, 2012, despite entering the market for consumer MEMS gyroscopes
years after InvenSense, ST initiated a lawsuit against InvenSense alleging
that InvenSense's leading MEMS solutions infringes nine of ST's patents.
Shortly thereafter, InvenSense filed requests for reexamination of each of the
nine patents-in-suit with the USPTO based on substantial new questions of
patentability related to the claims of the patents-in-suit.
According to the court's order, the case is stayed until the United States
Patent Office completes its reexamination process and ST has completed any
appeals of the Patent Offices findings, at which time the parties are to
provide the court with a status report on the re-examination. InvenSense
believes the reexamination process in the USPTO is an important and useful
step particularly when companies initiate litigation based upon patent claims
that are invalid because of prior art that has not been disclosed or
considered by the USPTO.
Management Qualitative Comments
"We are very pleased with this decision," said Alan Krock, vice-president and
Chief Financial Officer of InvenSense. "The decision provides necessary time
for the United States Patent Office to fully reevaluate ST's patents. Based
upon our work and actual USPTO rulings in this case to date, we expect ST's
patents to be found invalid under the USPTO reexamination proceedings."
InvenSense Inc. (NYSE: INVN) is the world's leading provider
ofMotionTracking^(TM)solutions for consumer electronic devices. The
company's patentedNFPlatform and patent-pending MotionFusion^(TM) technology
address the emerging needs of many mass-market consumer applications via
improved performance, accuracy, and intuitive motion- and gesture-based
interfaces. InvenSense technology can be found in consumer electronic products
including smartphones, tablets, gaming devices, optical image stabilization,
and remote controls for Smart TVs. The company's MotionTracking products are
also being integrated into a number of industrial applications. InvenSense is
headquartered in Sunnyvale, California and has offices in China, Taiwan,
Korea, Japan, and Dubai. More information can be found atwww.invensense.com.
©2013 InvenSense, Inc. All rights reserved. InvenSense, MotionTracking,
MotionProcessing, MotionProcessor, MotionFusion, MotionApps, DMP, and the
InvenSense logo are trademarks of InvenSense, Inc. Other company and product
names may be trademarks of the respective companies with which they are
# # #
For Investor Inquiries, Contact:
Chief Financial Officer
For Press Inquiries, Contact:
Marketing and Communications
408.988.7339 x 285
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: InvenSense, Inc. via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.