Crossroads Files Patent Infringement Suits Against Cisco, NetApp, and Quantum
AUSTIN, TX -- (Marketwired) -- 02/18/14 -- Crossroads Systems, Inc.
(NASDAQ: CRDS), a global provider of data archive solutions, filed
complaints today against Cisco Systems, Inc., NetApp, Inc., and
Quantum Corp. in the federal district court in Austin, Texas,
alleging infringement of U.S. Patents 6,425,035 and 7,934,041.
Crossroads seeks monetary damages and injunctive relief. Crossroads
asserts that each of these defendants have incorporated Crossroads'
patented technology into their storage systems, including Cisco's MDS
9200 Series Switches, Cisco's MDS 9500 Series Directors with MDS 9000
18/4-Port Service Module, NetApp's E5400 Series Storage Arrays, and
Quantum's StorNext QX-Series Storage Arrays.
The asserted patents cover technology that is fundamental to secure
and efficient access to network storage systems. The asserted patents
are part of Crossroads' '972 Patent Family. Since 2001, Crossroads
has licensed the '972 Patent Family to more than 40 companies and
received in excess of $60 million in license and settlement revenue.
"We have a responsibility to our shareholders to maximize the value
of the millions of dollars we have invested in our intellectual
property," said Richard K. Coleman, Jr., President and CEO at
Crossroads Systems. "We use every means possible to avoid litigation,
but when all other avenues are exhausted, we will aggressively pursue
every company, regardless of size or industry position, that
continues to use our patented technology without a license."
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 has been
awarded 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 future events or future perf
ormance 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, uncertainties relating to product development and
commercialization, the ability to obtain, maintain or protect patent
and other proprietary intellectual property rights, technological
change in its industry, market acceptance of its products and
services, future capital requirements, regulatory actions or delays,
competition in general and other factors that may cause actual
results to be materially different from those described herein.
Forward-looking statements in this press release are based on
management's beliefs and opinions at the time the statements are
made. Crossroads Systems does not intend, and undertakes no duty, to
update this information to reflect future events or circumstances.
All product and company names herein may be trademarks of their
Copyright2014 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.
Crossroads Company Contact:
Crossroads Investor Contact:
Crossroads Press Contact:
Zintel Public Relations
Press spacebar to pause and continue. Press esc to stop.