GSI Technology, Inc. Comments on Status of Patent Litigation With Cypress
SUNNYVALE, CA -- (Marketwired) -- 05/02/13 -- GSI Technology, Inc.
(NASDAQ: GSIT) today commented on the status of ongoing patent
litigation with Cypress Semiconductor Corporation.
As previously announced, on October 25, 2012, Chief Administrative
Judge Charles E. Bullock issued his initial determination in which he
found that our SRAM devices, and products containing them, do not
infringe the four patents asserted against GSI and others in the ITC
proceeding and that Cypress had failed to establish the requisite
domestic industry that practices those patents. That determination,
as well as a supplemental determination finding the asserted patents
not to be invalid, are currently under review by the full Commission.
The target date for concluding the ITC investigation is June 25,
"We believe that Judge Bullock's initial determination of
non-infringement was correct and that it will be upheld by the full
Commission," said Lee-Lean Shu, GSI's President and Chief Executive
Officer. "We look forward to a successful conclusion of the ITC
Federal Court Litigation
In addition to the ITC proceeding, a lawsuit alleging infringement by
GSI products of five Cypress patents (including three of the four
patents asserted in the ITC complaint) is currently pending in the
United States District Court for the District of Minnesota. That case
has been stayed pending the conclusion of the ITC proceeding.
Just yesterday, Cypress filed yet another lawsuit alleging
infringement of five additional patents in the United States District
Court for the Northern District of California. Like the Minnesota
case, the new complaint seeks unspecified damages for past
infringement and a permanent injunction against future infringement.
"We have just received a copy of the new complaint, and have begun
our investigation of Cypress' latest claims," said Shu. "As we have
demonstrated over the past two years, we are committed to defending
this type of litigation vigorously. We will comment further once we
have completed our preliminary review of Cypress' claims. We note,
however, that the timing of the most recent filing would appear to
signal Cypress' lack of confidence in the outcome of the ITC
proceeding and the pending Minnesota case, and the impact of
potential GSI victories on its strategy of intimidating our customers
through the distraction of litigation. We continue to believe that we
have the most advanced technology in the SRAM market and that,
ultimately, we will be successful competing with Cypress on the basis
of our superior technology and product performance."
About GSI Technology
Founded in 1995, GSI Technology, Inc. is a leading provider of high
performance static random access memory, or SRAM, products primarily
incorporated in networking and telecommunications equipment.
Headquartered in Sunnyvale, California, GSI Technology is ISO 9001
certified and has worldwide factory and sales locations. For more
information, please visit www.gsitechnology.com.
GSI Technology, Inc.
Douglas M. Schirle
Press spacebar to pause and continue. Press esc to stop.