Business
Total Victory for PCI Pal in UK High Court
Total Victory for PCI Pal in UK High Court.
About this update from Pci-pal Plc
[{"type":"text","content":"\n\nPCI-PAL PLC\n25 September 2023\n \n \nPCI-PAL PLC\n(\"PCI Pal\", \"the Company\" or \"the Group\")\n \nTotal Victory for PCI Pal in UK High Court Patent Case Proceedings\n \nPCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions for business communications, is pleased to announce that it has comprehensively defeated the unfounded patent infringement suit brought by its competitor Sycurio Limited (\"Sycurio\") at the UK High Court.\n \nJudgment was handed down after close of business today and will be available to read when the court publishes it online at https://www.judiciary.uk/judgments/.\n \nMrs Justice Bacon held that Sycurio's patent was invalid due to obviousness from two sources of prior art. Furthermore, Mrs Justice Bacon decided that even if the patent had been valid, PCI Pal's Agent Assist solution did not infringe the patent.\n \nThe Company intends to make a further update to investors in the coming days. This will include an update as to the expected timing of the release of the Company's annual accounts for FY23 which, as previously announced, have been delayed as a result of their proximity to the UK High Court's ruling.\n \nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.\n \nFor further information, please contact:\n \n\n\n\n\nPCI-PAL PLC\n\n\nVia Walbrook PR\n\n\n\n\nJames Barham - Chief Executive Officer\nWilliam Good - Chief Financial Officer\n \n\n\n\n\n\n\n\nCavendish Capital Markets Limited (Nominated Adviser and Broker)\n\n\n+44 (0) 20 7227 0500\n\n\n\n\nMarc Milmo/Simon Hicks/Fergus Sullivan (Corporate Finance)\nSunila de Silva (Corporate Broking)\n \n\n\n\n\n\n\n\nWalbrook PR\n\n\n+44 (0) 20 7933 8780\n\n\n\n\nTom Cooper/Nick Rome\n\n\n+44 (0) 797 122 1972\n\n\n\n\n\n\n\[email protected]\n\n\n\n\nThe Group's Nominated Adviser and Broker, finnCap Ltd, has now changed its name to Cavendish Capital Markets Ltd following completion of its own corporate merger.\n \nAbout PCI Pal:\n \nPCI Pal is a leading provider of Software-as-a-Service (\"SaaS\") so...