Crossroads Systems Files Suit Against Dot Hill
AUSTIN, TX -- (Marketwired) -- 09/11/13 -- Crossroads Systems, Inc.
(NASDAQ: CRDS), a global provider of data archive solutions, today
filed suit in Federal District Court against Dot Hill Systems Corp.
Crossroads alleges, in part, that Dot Hill Systems Corp., a licensee
of certain patents in Crossroads' '972 Patent Family failed to fully
pay license fees due Crossroads under the 2006 patent license
agreement between the parties. Since 2001, Crossroads has licensed
portions of the '972 Patent Family to more than 40 companies and
received in excess of $60 million in license and settlement revenue.
Richard K. Coleman, Jr., Interim President and CEO at Crossroads
Systems, said, "We take our patent rights very seriously and intend
to pursue this matter aggressively on behalf of our shareholders."
About Crossroads Systems
Crossroads Systems, Inc. (NASDAQ: CRDS) is
a global provider of data archive solutions. Through the innovative
use of new technologies, Crossroads delivers customer-driven
solutions that enable proactive data security, advanced data
archiving, optimized performance and significant cost-savings.
Founded in 1996 and headquartered in Austin, TX, Crossroads holds
more than 100 patents and has been honored with numerous industry
awards for data archiving, storage and protection. Visit
Important Cautions Regarding Forward-Looking Statements
release includes forward-looking statements that relate to the
business and expected future events or future performance of
Crossroads Systems, Inc. and involve known and unknown risks,
uncertainties and other factors that may cause its actual results,
levels of activity, performance or achievements to differ materially
from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking
statements. Words such as, but not limited to, "believe," "expect,"
"anticipate," "estimate," "intend," "plan," "targets," "likely,"
"will," "would," "could," and similar expressions or phrases identify
forward-looking statements. Forward-looking statements include, but
are not limited to, statements about Crossroads Systems' ability to
implement its business strategy, including the transition from a
hardware storage company to a software solutions and services
provider, its ability to expand its distribution channels, its
ability to maintain or broaden relationships with existing
distribution channels and strategic alliances and develop new
industry relationships, the performance of third parties in its
distribution channels and of its strategic alliances and its ability
to achieve or maintain profitability. The future performance of
Crossroads Systems may be adversely affected by the following risks
and uncertainties: uncertainties relating to product development and
commercialization, uncertain market acceptance of Crossroads Systems
products, including StrongBox, intense competition in the data
protection and storage markets, variations in quarterly results and a
consequence of unpredictable sales cycles and other factors, the
ability to obtain, maintain or protect patent and other proprietary
intellectual property rights, technological change in the industry,
future capital requirements, regulatory actions or delays and other
factors that may cause actual results to be materially different from
those described or anticipated by these forward-looking statements.
For a more detailed discussion of these factors and risks, investors
should review Crossroads Systems' reports on Form 10-K and Form 10-Q
filed with the Securities and Exchange Commission, which can be
accessed through the SEC's website or by clicking "SEC Filings" on
the company's Investor Relations website at
http://investors.crossroads.com. Forward-looking statements in this
press release are based on management's beliefs and opinions at the
time the statements are made. Crossroads Systems undertakes no duty
to update this information to reflect future events, information or
Copyright2013 Crossroads Systems, Inc., Crossroads and Crossroads
Systems are registered trademarks of Crossroads Systems, Inc. All
trademarks are the property of their respective owners. All
specifications are subject to change without notice.
Zintel Public Relations
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