Business
Settlement of Patent Dispute
Settlement of Patent Dispute.
About this update from Intercede Group Plc
[{"type":"text","content":"\n RNS Number : 1650J Intercede Group PLC 25 March 2010 \n \n\n25 March 2010\nIntercede Group plc\n(\"Intercede\")\nSettlement of Patent Litigation Between ActivIdentity and Intercede\nLegal Action Terminated in California and UK\nHighlights:\n· Intercede announces settlement of patent infringement disputes in the U.S. and the UK\n \n· The parties have settled the U.S. and UK litigations on mutually acceptable terms\n \nLondon, United Kingdom 25 March 2010 - Intercede today announce that they have settled on mutually acceptable terms a lawsuit filed by ActivIdentity in the Northern District of California on 1 October 2008, and a lawsuit filed by Intercede in the UK High Court on 22 December 2009. \nThe settlement entered on 23 March 2010 resolves patent litigation brought by ActivIdentity accusing Intercede's MyID products and Intercede's counterclaims alleging invalidity, violations of US antitrust law, fraud and unfair competition. This settlement includes a patent license, and the details of the settlement are confidential.\nRichard Parris, Intercede's Chairman and Chief Executive, said:\n \"We are pleased to end all outstanding legal disputes between Intercede and ActivIdentity and look forward to progressing our business. This settlement ensures that Intercede's worldwide partners and customers can continue to benefit from our leading MyID Identity and Credential Management System with confidence.\"\nIntercede will take a charge to the current financial year for all of the exceptional costs associated with the legal fees relating to this case. It is not anticipated that the patent license agreement will have a material impact on Intercede's current or future earnings.\nAbout Intercede\nIntercede is the producer of the MyID® Identity and Credential Management System (IDCMS). Intercede's MyID is the only IDCMS software product that enables organizations to easily and securely manage the identities of people and their associated identity credentials within a single, integrated, workflow driven platform. This includes enabling and managing: secure registration, biometric capture, application vetting and approval through to smart card personalisation, issuance and management.\nIntercede's MyID is being used aro...