HOLTSVILLE, N.Y., Aug. 5 - Symbol Technologies, Inc. (NYSE: SBL), The Enterprise Mobility Company(TM), today announced that it has settled its lawsuit against Mobile Knowledge Group Services, Inc. and Mobile Knowledge Group, LLC (collectively "MKG") alleging trademark, trade dress, copyright, design patent and related intellectual property claims. The lawsuit, filed on November 5, 2004 in the United States District Court for the Eastern District of New York, alleged that MKG was misusing Symbol's intellectual property rights in connection with the sale of after market spare parts for use with genuine Symbol products.
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Under the terms of the settlement agreement, MKG agreed to stop selling certain products in which Symbol claimed trade dress and design patent rights, and to pay Symbol an undisclosed sum of money.
"We are pleased with the settlement reached today which protects Symbol's reputation and prevents confusion in the industry caused by the misuse of Symbol's trademarks, trade dress, copyright and design patents," said Peter Lieb, Symbol senior vice president and general counsel. "Symbol has made considerable investments to develop high-quality products and continues to strengthen its intellectual property position by obtaining patents that cover industrial designs. We have a responsibility to our shareholders to pursue companies that sell products or provide repair services in violation of our intellectual property rights."
About Symbol Technologies
Symbol Technologies, Inc., The Enterprise Mobility Company(TM), is a recognizeing products and solutions that capture, move and manage information in real time to and from the point of business activity. Symbol enterprise mobility solutions integrate advanced data capture products, radio frequency identification technology, mobile computing platforms, wireless infrastructure, mobility software and world-class services programs under the Symbol Enterprise Mobility Services brand. Symbol enterprise mobility products and solutions are proven to increase workforce productivity, reduce operating costs, drive operational efficiencies and realize competitive advantages for the world's leading companies. More information is available at http://www.symbol.com.
This news release contains forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include price and product competition, dependence on new product development, reliance on major customers, customer demand for our products and services, control of costs and expenses, international growth, general industry and market conditions and growth rates and general domestic and international economic conditions including interest rate and currency exchange rate fluctuations. For a further list and description of such risks and uncertainties, see the reports filed by Symbol with the Securities and Exchange Commission. Symbol disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For Symbol Technologies:
For media information:
Patricia Hall
Symbol Technologies, Inc.
631.738.4751
patricia.hall@symbol.com
Joey Marquart
Edelman Public Relations for Symbol Technologies
212.704.8133
joey.marquart@edelman.com
For financial information:
Lori Chaitman
Symbol Technologies, Inc.
631.738.5050
lori.chaitman@symbol.com
