IRVING, Texas, Dec. 1, 2016 /PRNewswire/ -- Hyosung America (Hyosung), the largest and fastest growing ATM provider in the United States, is proud to announce that the U.S. International Trade Commission (ITC) in a preliminary ruling has mostly sided with Hyosung with respect to the patent infringement claims initiated by Diebold Nixdorf.
"Today is a great day for Hyosung as the administrative law judge has ruled in our favor on the majority of claims brought by Diebold Nixdorf," said Nancy Daniels, executive vice president and chief operating officer. "We have a long legacy of engineering and innovation at Hyosung and the ITC's preliminary decision only further exemplifies that legacy."
Prior to trial, the administrative law judge granted a request by Diebold to drop its infringement allegations against Hyosung with respect to two patents - U.S. Patent Nos. 7,121,461 & 7,249,761 – and found all asserted claims of another patent invalid – U.S. Patent No. 7,314,163. In yesterday's post-trial ruling, the judge found another patent - 7,229,010 – not infringed, and Hyosung's newest, most innovative line of products as not infringing the other two patents – U.S. Patent Nos. 6,082,616 & 7,832,631. As a result, there will be no impact on Hyosung's continued industry leadership, clients, partners or overall day-to-day business.
"When you look at the industry's ongoing attempts to block Diebold's merger with Wincor Nixdorf as well as the mounting loss in revenue the two companies are facing, our competitors are in a very vulnerable spot," said Nancy Daniels, executive vice president and chief operating officer. "They became aggressive and acted out of desperation, but in the end we're extremely gratified with the preliminary decision and remain focused on delivering the future in human technology. And we of course are looking forward to another positive preliminary ruling in our case against Diebold Nixdorf at the ITC."
About Nautilus Hyosung America
Hyosung is the North American subsidiary of South Korea-based Hyosung, Inc., a global leader in providing ATMs to the retail off-premises and financial institution markets. Since entering the North American market in 1998, Hyosung has become the largest provider of ATMs in the United States. Hyosung is headquartered in Irving, Texas, and provides research and development support in its Global Software Center in Dayton, Ohio.
Source: Yahoo! Finance