Court Denies T-Mobile USA's Request for Reconsideration of Markman Hearing
Decision in OTI's Patent Infringement Lawsuit
ROSH PINA, Israel, Aug. 28, 2013 (GLOBE NEWSWIRE) -- On Track Innovations Ltd.
(OTI) (Nasdaq:OTIV), a global provider of near field communication (NFC) and
cashless payment solutions, reported the U.S. District Court for the Southern
District of New York has denied T-Mobile USA's request for reconsideration of
the claim construction (Markman) decision in OTI's patent infringement lawsuit
alleging that Near Field Communication (NFC) enabled phones sold by T-Mobile
USA infringe OTI's U.S. Patent No. 6,045,043.
The case was filed in March 2012 and is pending in the District Court for the
Southern District of New York. As reported by OTI on June 20, 2013, the Court
adopted OTI's proposed constructions of all disputed terms.
OTI is a pioneer in the contactless payment market and supported MasterCard®
and Visa®, among others, in the creation and implementation of contactless
transaction processing and payment solutions. OTI provides NFC devices and
reader solutions, including the COPNI (Contactless Payment and NFC Insert)
device, which adds NFC capability to existing non-NFC enabled mobile phones.
On Track Innovations Ltd. (OTI) is a leader in contactless and NFC
applications based on its extensive patent and IP portfolio. OTI's
field-proven innovations have been deployed around the world to address NFC
payment solutions, petroleum payment and management, cashless parking fee
collection systems and mass transit ticketing. OTI markets and supports its
solutions through a global network of regional offices and alliances. Visit
the website: www.otiglobal.com.
Safe Harbor for Forward-Looking Statements
This press release may contain forward-looking statements within the meaning
of the "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995 and other Federal securities laws. Because such statements deal
with future events and are based on OTI's current expectations, they are
subject to various risks and uncertainties and actual results, performance or
achievements of OTI could differ materially from those described in or implied
by the statements in this press release. The forward-looking statements
contained in this press release are subject to other risks and uncertainties,
including those discussed in the "Risk Factors" section and elsewhere in OTI's
annual report on Form 20-F for the year ended December 31, 2012 and in
subsequent filings with the Securities and Exchange Commission. Except as
otherwise required by law, OTI disclaims any intention or obligation to update
or revise any forward-looking statements, which speak only as of the date
hereof, whether as a result of new information, future events or circumstances
CONTACT: OTI Contact:
VP, Corporate Relations
732 429 1900 ext. 111
Scott Liolios or Matt Glover
Liolios Group, Inc.
949 574 3860
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