Business Services Industry
Verso Seeks to Strengthen Patent for Computer and Telephone Network Management
Business Wire, June 2, 2005
ATLANTA -- Verso Technologies, Inc. (Nasdaq: VRSO), a provider of packet-based solutions, today announced that the company has petitioned the U.S. Patent and Trademark Office (USPTO) to withdraw from issue its allowed continuation in part (CIP) patent application based on U.S. Patent No. 6,292,801, "A System and Method for Managing Computer and Phone Network Resources". The petition to withdraw was accompanied by a Request for Continued Examination (RCE) and an Information Disclosure Statement, so as to cause the USPTO to consider certain information discovered in a patent search that might be asserted in litigation as relevant to patentability. With the patent being withdrawn from issue, the company has an opportunity to present additional evidence to the USPTO in favor of patentability of the inventions. If the examiner finds that the new information is not material to patentability, the CIP should again be allowed. The company believes that these steps, taken in connection with the company's plan to market and enforce the CIP, will aid in strengthening the presumption of validity of the patent.
The company believes that this continued examination by the USPTO may enhance the marketability and enforceability of the CIP by eliminating or reducing the significance of issues that could have arisen in future licensing negotiations or patent litigation regarding the CIP. The company expects the USPTO to complete its continued examination on the request within the next six months.
"We expect that these steps will provide additional confidence to the industry that our patents are valid and enforceable," said Lewis Jaffe, Verso's President and Chief Operating Officer. "We believe that the best way to preempt future issues and solidify our patent is to submit the materials to the Patent Office for consideration, rather than wait for a challenge during litigation. By taking the time to do this right up-front, we hope to achieve a stronger and more enforceable patent. "
About Verso Technologies
Verso is a leading provider of next generation communication solutions for service providers that want to lower their communication infrastructure costs and enhance service capabilities without sacrificing reliability, scalability and quality of service. With an extensive solutions portfolio that extends from the core to the edge of a network, Verso enables customers to leverage legacy technology investments towards converged networks that are faster and more cost-effective to deploy and easier and more flexible to manage. Verso solutions are currently deployed in thousands of customer networks in over 120 countries. For more information, contact Verso at www.verso.com or call 678.589.3500.
Forward Looking Statements
Certain statements contained in this release that are not statements of historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words - "believe", "expect", "anticipate", "intend", "will", and similar expressions are examples of words that identify forward-looking statements. Forward-looking statements include, without limitation, statements regarding our future financial position, timing of future orders, business strategy and expected cost savings. These forward-looking statements are based on our current beliefs, as well as assumptions we have made based upon information currently available to us. These forward-looking statements may be affected by the risks and uncertainties in our business and are qualified in their entirety by the cautionary statements and risk factor disclosure contained in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2004. We do not assume, and expressly disclaim, any obligation to update these forward-looking statements.
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