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Genesis Microchip Files Motion With ITC to Enforce Exclusion Order; Action to Clarify and Support ITC's Final Determination of MStar's Patent Infringement
Business Wire, April 25, 2006
SAN JOSE, Calif. -- Genesis(R) Microchip Inc. (Nasdaq:GNSS), a world leader in the development of image processing technologies for flat-panel TVs, monitors, and other consumer display products, today announced that it has filed a motion with the International Trade Commission (ITC) for enforcement of the ITC's exclusion order against MStar Semiconductor's TSU, or Tsunami, display controllers. The ITC issued the exclusion order in August 2004 after an ITC investigation and trial in which certain MStar display controllers were found to infringe Genesis Microchip's U.S. Patent No. 5,739,867. U.S. Customs and Border Protection had indicated on June 3, 2005 that it would enforce the exclusion order against the TSU, but subsequently reversed its position.
Related Results
"This motion offers a streamlined approach to protecting our intellectual property from infringement by requesting that the ITC simply clarify its final determination and exclusion order to U.S. Customs," said Elie Antoun, CEO and president, Genesis Microchip. "We are confident that the ITC will demonstrate that the monitor controller TSU -- like other MStar monitor products -- infringes our '867 patent, and will require U.S. Customs to exclude the TSU from entry into the country."
The Company is requesting the ITC to rule on a motion to enforce, a procedure that is generally less costly and more expeditious than trial proceedings. Therefore, the Company does not expect that the expenses incurred as a result of this motion will have a material impact on its financial results.
Legal Notice Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws, including, without limitation, statements by Elie Antoun concerning the anticipated enforcement of the Company's exclusion order against the TSU chip, and statements regarding the anticipated length and cost of the ITC proceeding. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including the risk that the ITC does not grant the Company's motion to enforce, and other risks associated with intellectual property litigation. Other risks and uncertainties are set forth in the Company's SEC reports, including but not limited to its reports on Form 10-K/A for the fiscal year ended March 31, 2005 and Form 10-Q for the quarter ended December 31, 2005. Genesis Microchip assumes no obligation to update the forward-looking statements included in this release.
About Genesis Microchip
Genesis Microchip Inc. (Nasdaq:GNSS) is a leading provider of image processing systems enabling superior picture quality in flat-panel TVs and a variety of consumer and PC-display products. Featuring Genesis Display Perfection(R) technologies and Emmy award-winning Faroudja(R) video technologies, Genesis system-on-a-chip solutions are used worldwide by display manufacturers to produce visibly better images across a broad array of devices including flat-panel displays, digital TVs, projectors, A/V receivers and DVD players/recorders. The Genesis technology portfolio features analog and mixed signal system-on-a-chip design, DCDi(R) by Faroudja deinterlacing, TrueLife(TM) video enhancement, IntelliComb(TM) video decoding and includes over 185 patents. Founded in 1987, Genesis supports its leading brand-name customers with offices in the U.S., Canada, India, Europe, Taiwan, South Korea, China, Japan and Singapore. For more information about Genesis Microchip Inc. or Genesis Display Perfection technologies, please visit www.gnss.com.
Note to Editors: Genesis, Genesis Display Perfection, Faroudja, DCDi by Faroudja, TrueLife and IntelliComb are trademarks or registered trademarks of Genesis Microchip Inc. All other trademarks are the property of their respective owners.
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