GPS Industries Terminates ProLink's License to Use the "093" Patent and Issues a Cease and Desist Notice
Market Wire, March, 2009
On February 11, 2009 GPS Industries, Inc. (OTCBB: GPSN) terminated ProLink Holding Corp.'s (OTCBB: PLKH) license to US Patent No. 5,364,093, the preeminent patent in the GPS golf course management industry. At its most basic level, this patent covers the use of acquiring distances on a golf course using GPS. ProLink, or its predecessors, had been licensing this patent since 2002. Due to the payment default and lapse of cure period, GPS Industries terminated the license and issued a cease and desist notice to ProLink.
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"This is an unfortunate event. Over the last 10 years, all of the major cart-mounted GPS companies have had a license to the '093' patent as it allows for the fundamental use of calculating distances on a golf course," stated GPS Industries' CEO David Chessler. "ProLink repeatedly failed to make timely payments over the course of their license agreement and failed to cure their most recent default forcing GPS Industries to terminate ProLink's license and accordingly, we sent them a notice to cease and desist."
About GPS Industries
Founded in 1995, GPSI (OTCBB: GPSN) develops and markets the most technologically advanced GPS-based solutions available to help golf courses, resorts and residential communities generate incremental revenues and improve operational efficiencies. GPSI owns the GPS golf patents for major worldwide golf markets, including North America, Australia, Japan and 11 European nations. Major GPSI investors and advisers include Greg Norman, Great White Shark Enterprises and Dubai-based Leisure Corp. In January 2008, GPSI acquired UpLink Corp., a leading developer of GPS and Wi-Fi enabled applications for the North American golf market. The acquisition expanded GPSI's worldwide installed customer base to more than 300 golf facilities.
GPS Industries www.gpsindustries.com Media contact: Kevin A. Carpenter GPSI Vice President Email Contact (941) 894-8030
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