Business Services Industry
Power-One Wins Infringement Lawsuit on Digital Power; Jury Upholds Validity of Patents and Finds Artesyn Infringed Key System Patent
Business Wire, Nov 16, 2007
CAMARILLO, Calif. -- Power-One, Inc. (NASDAQ:PWER) today announced that the jury in the U.S. District Court for the Eastern District of Texas, Marshall Division, has upheld the validity of the Power-One Z-One([R]) digital power management and control patents asserted against Artesyn Technologies, which, along with Astec America, is now part of the Emerson Electric Co.'s (NYSE:EMR) Network Power business unit.
The verdict decided a number of important issues in favor of Power-One. The jury found both of the two asserted patents to be valid and found that Power-One's U.S. Patent No. 7,000,125 (the '125 patent) has been infringed by the Artesyn Technologies product. The '125 patent applies to a digital power control system for controlling and monitoring an array of point of load regulators using a serial bus for communication with and control of the point of load regulators.
Power-One will issue a more detailed press release regarding this matter prior to opening of the markets on Monday, November 19, 2007. The more detailed press release will include specific information and details regarding a live-call question and answer session to be held by the company next week for interested parties.
About Power-One:
Power-One is a leading designer and manufacturer of power conversion products sold primarily to OEM customers in the telecommunications and server/storage markets; as well as data communications equipment manufacturers. Power-One's high-reliability products are also used in applications such as test equipment, high-end industrial applications, and alternative energy. Power-One, with headquarters in Camarillo, CA, has approximately 4,000 employees with manufacturing and/or R&D operations in the United States, Dominican Republic, Italy, Switzerland, Slovakia, and China.
For information on Power-One and its products, visit the company's Web site at www.power-one.com.
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