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Share Name | Share Symbol | Market | Type |
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Sipef | EU:SIP | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.20 | 0.35% | 57.00 | 56.40 | 57.60 | 57.20 | 56.60 | 57.00 | 3,848 | 16:40:00 |
FOR IMMEDIATE RELEASE 24 September 2003 SCIPHER PLC Scipher receives US$1m for patent licensing services to Tulip Computers The technology development and licensing company, Scipher plc ("Scipher" or "the Company"), is pleased to announce that its Patent Licensing business, QED, has received US$990,000 for licensing strategy services provided to its client, Tulip Computers International, BV ("Tulip"), in their successful patent infringement litigation against Dell Computer Corporation ("Dell"). Dutch computer manufacturer, Tulip, engaged QED to assist in licensing their U.S. patent which covers personal computers with a particular motherboard configuration. QED determined that the OptiPlex desktop computer family from Dell infringed the patent. Dell refused to take a license under the patent and Tulip subsequently filed a patent infringement action in U.S. federal district court in Wilmington, Delaware. QED assisted Tulip to engage Robins, Kaplan, Miller & Ciresi, a prominent U.S. law firm, to represent Tulip on a contingent fee basis. The litigation was resolved on June 30 2003, midway through the trial, with a settlement from Dell to Tulip. Dr Ken Gray, Chairman of Scipher said: "Today's announcement provides solid evidence of QED's ability to generate significant returns from clients' IP assets. The commercialisation of IP continues to be an important strategic issue to technology companies and I am delighted at the prospects for further success within QED as it evaluates an exciting range of important, revenue-generating IP from its clients." Enquiries Scipher plc: Dr Ken Gray Tel: 020 8848 6555 Michael Kendon Tel: 020 8848 6444 Financial Dynamics: James Melville-Ross Tel: 020 7831 3113 Juliet Clarke Tel: 020 7831 3113 About QED QED Intellectual Property Limited ("QED") is Scipher's Patent Licensing business. With offices in the United Kingdom, United States and Japan, QED provides intellectual property ("IP") strategy and licensing services to international clients, assisting them to generate revenue and value from their IP portfolios using QED's unique combination of commercial, technical, legal and patent expertise. QED's services are augmented by yet2.com (www.yet2.com), the world's largest internet-based marketplace for the exchange of technology. Today, QED works with some of the worlds leading and most progressive technology companies, including Bayer, British Telecom, Du Pont, Honeywell, Procter and Gamble and Unilever, analysing and managing their IP portfolios and helping them to capture the value in their IP assets. For more information on QED, please visit the web site: www.qed-ip.com. About Scipher Scipher is a technology development and licensing company that delivers value from IP in two principal ways: * Product licensing and sale - commercialising Scipher-owned technology in high growth markets through licensing or the sale of developed products * Patent Licensing - building on Scipher's extensive experience on IP management to create value for clients by exploiting their IP assets through licensing. Scipher's portfolio of advanced technology products and know-how covers the markets for Displays, Secure Identification, Communications, 3D Sound and Sensors. Approximately half of Scipher's revenues are earned outside the UK in approximately 50 countries. Scipher is backed by more than 70 years in advanced R&D, including developments of such historic importance as stereo recording, television broadcasting and the medical CT scanner, which in 1979 won a Nobel Prize for its inventor. In 2001, the MacRobert Award, the highest UK accolade for innovation, continued this record of achievement by recognising Scipher's outstanding 3D Sound technology. For more information on Scipher, visit the website: www.scipher.com Registered Office Scipher plc Dawley Road Hayes Middlesex UB3 1HH Tel: +44 (0)20 8848 6555 Fax: +44 (0)20 8848 6677 www.scipher.com Registered in England and Wales No. 3248274 END
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