Patents Upheld, Awarded Almost $1 Million in Damages
SANTA CLARA, Calif.--(BUSINESS WIRE)--
Rovi Corporation (NASDAQ:ROVI) today announced that Rovi prevailed in an
infringement proceeding in Italy. The proceeding was initiated by Card
Mania and Italvideo, two consumer electronics companies, alleging that
the Italian portions of two European Rovi patents (EP 0969662 and EP
1377049) are invalid and not infringed. Rovi counterclaimed that the
patents are valid and infringed.
In May 2015, the Court of Turin in Italy issued its decision that Rovi
is entitled to a total combined judgment of approximately $1,000,000.
The Court of Turin had previously found the asserted patents valid and
infringed by Card Mania and Italvideo.
“We’re pleased that the Italian Court upheld these two patents, found
them infringed and awarded Rovi a substantial damages award,
demonstrating the strength, relevance and value of Rovi’s patents,” said
Samir Armaly, executive vice president of intellectual property and
licensing, Rovi. “These are only two patents in our larger portfolio.
Rovi has a well-established licensing program with many of the consumer
electronics companies in Italy and throughout Europe. We look forward to
growing our licensing program in this market.”
About Rovi Corporation
Rovi is leading the way to a more personalized entertainment experience.
The company’s pioneering guides, metadata and recommendations continue
to drive program search and navigation on millions of devices across the
globe. With a new generation of cloud-based discovery capabilities and
emerging solutions for interactive advertising and audience analytics,
Rovi is enabling premier brands worldwide to increase their reach, drive
consumer satisfaction and create a better entertainment experience
across multiple screens. Rovi holds over 5,000 issued or pending patents
worldwide and is headquartered in Santa Clara, California. Discover more
about Rovi at Rovicorp.com.
Forward-Looking Statements
All statements contained herein that are not statements of historical
fact, including statements that use the words “will” or “is expected
to,” or similar words that describe the Company’s or its management’s
future plans, objectives or goals, are “forward-looking statements” and
are made pursuant to the Safe-Harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that could cause the actual results of the Company to be
materially different from the historical results and/or from any future
results or outcomes expressed or implied by such forward-looking
statements. Such factors are further addressed in the Company’s most
recent report on Form 10-Q for the period ended March 31, 2015, and such
other documents as are filed with the Securities and Exchange Commission
from time to time (available at www.sec.gov).
The Company assumes no obligation to update any forward-looking
statements in order to reflect events or circumstances that may arise
after the date of this release, except as required by law.
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Rovi Corporation
Stacey Hurwitz, 617-710-9171
[email protected]
Source: Rovi Corporation