TCS Enters Into Patent Lawsuit Standstill Agreement With RIM
Written by TeleCommunication Systems, Inc.
Tuesday, 15 April 2008
April 14, 2008 - TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS),
a leading provider of mission-critical wireless communications, today
announced it has entered into a Standstill Agreement with Research In
Motion Limited (RIM) on April 11, 2008 and dismissed, without
prejudice, its patent infringement lawsuit against RIM pursuant to the
Standstill Agreement.
On December 20, 2007, TCS filed a lawsuit in the U.S. District Court for the Eastern District of Virginia against RIM, seeking damages for patent infringement of United States Patent No. 6,871,215 as well as an injunction against RIM from further infringement.
The Standstill Agreement provides TCS and RIM additional time to negotiate an amicable business resolution while suspending legal proceedings temporarily. The standstill will remain in place until at least June 12, 2008.
The case is TeleCommunication Systems, Inc. v. Research In Motion Limited, Case No. 1:07cv1277(E.D. Va.).
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) produces wireless data communications technology solutions that require proven high levels of reliability. TCS provides wireless and VoIP E9-1-1 network-based services, secure deployable communication systems, engineered satellite-based services, and commercial location applications, like traffic and navigation, using the precise location of a wireless device. Customers include leading wireless, cable MSOs, and VoIP carriers around the world, and agencies of the U.S. Departments of Defense, State, and Homeland Security. For more information, visit www.telecomsys.com.
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