IRVING, Texas, March 16, 2017 /PRNewswire/ -- Nautilus Hyosung America (Hyosung), the largest and fastest growing ATM provider in the United States, is proud to announce that the Administrative Law Judge (ALJ) of the U.S. International Trade Commission (ITC) issued a preliminary ruling on March 14, 2017 that recommends banning the importation and/or sale of Diebold's latest line of financial industry products that incorporate its ActivMedia technology—specifically Diebold's 7700, 7780, 7790 and 9900 ATMs—after finding that Diebold has infringed Hyosung's patent rights. The ALJ's finding rejected Diebold's claims of patent invalidity and reaffirmed Hyosung's position as an innovator in its field.
The ALJ found that Diebold infringed Hyosung's U.S. Patent No. 8,523,235, which was a major advancement in the industry—providing critical automated deposit technology with a specific, high-efficiency, high-reliability design for the processing and depositing of mixed bundles of cash and checks while avoiding the significant dangers accompanying overlapped bills. The ALJ's preliminary ruling recommends an exclusion order and cease and desist order barring Diebold Nixdorf from importing and/or selling ATMs containing Hyosung patented technology.
"Today is a great day for Nautilus Hyosung America as the administrative law judge has justified our assertions that Diebold has been wrongfully exploiting and benefiting from Hyosung's patented technology," said Sungmahn Kim, EVP & COO of Nautilus Hyosung America. "The ALJ's preliminary decision is a significant step towards protecting Hyosung's long legacy of engineering and innovation. Today's victory is a testament that a strategy built on continuous improvement and competition will always prevail over one reliant on litigation and misappropriation."
About Nautilus Hyosung America
Nautilus Hyosung America 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: ATM Marketplace