General Patent Corporation Settles Patent Infringement Lawsuit with Fanuc

  General Patent Corporation Settles Patent Infringement Lawsuit with Fanuc

         Fanuc Takes a License under Trounson Automation’s CNC Patent

Business Wire

SUFFERN, N.Y. -- April 23, 2013

General Patent Corporation (GPC), a leading patent licensing and enforcement
firm, announced today that it settled a patent infringement lawsuit filed by
its subsidiary, Trounson Automation LLC, against Fanuc Corporation and its
U.S. affiliate, Fanuc FA America Corporation (Fanuc). As part of the
settlement, Fanuc took a license under the Trounson Automation patent on
single processor computer numeric control (CNC).

This settlement resolves Trounson Automation LLC v. Fanuc Corporation and
Fanuc FA America Corporation (7:12-cv-05979) filed in U.S. District Court for
the Southern District of New York on August 3, 2012. The patent-at-suit was
U.S. Patent No. 5,926,389 “Computer Control System for Generating Geometric
Designs.”

“We are pleased to have reached an amicable resolution of this case,” said
Anthony Amaral, Chief IP Counsel at General Patent Corporation.

About Trounson Automation

Trounson Automation LLC is the owner of U.S. Patent No. 5,926,389 and is a
portfolio company of IP Holdings LLC, a member of the GPC Group of Companies.
General Patent Corporation is the manager of Trounson Automation. A
non-exclusive license for the ‘389 patent is available. For licensing terms,
please contact Kathlene Ingham at (845) 368-4000 x107. For more information,
please visit www.trounsonautomation.com.

About IP Holdings

IP Holdings LLC is an IP-centric merchant banking organization that provides
IP advisory services, patent valuation, IP-related financial services and IP
brokerage services, and operates an idea incubator. For more information,
visit www.ip-holdings.com.

About General Patent Corporation

General Patent Corporation is aleading intellectual property boutique
focusing on patent licensing and enforcement. GPC represents inventors,
businesses, universities and other patentees in patent assertion matters by
managing and financing patent litigation on a contingency basis. GPC is the
oldest patent enforcement firm in the U.S., and is the manager of Trounson
Automation LLC. For more information, visit www.generalpatent.com.

Contact:

General Patent Corporation
Alec Schibanoff
845-368-4000 x116
848-248-2012 (cell)
aschibanoff@generalpatent.com
 
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