Ampex Announces Appeals Court Affirms Kodak Summary Judgment

  
    
  
  
    
      Ampex Corporation (Nasdaq:AMPX) today announced that on February 7, 
      2008, the U.S. Court of Appeals for the Federal Circuit affirmed the 
      decision of the U.S. District Court for the District of Delaware 
      granting the Eastman Kodak Company’s motion 
      for summary judgment of noninfringement of one of Ampex’s 
      patents used in digital still cameras. This patent previously 
      expired in April 2006, and the Company does not expect this decision to 
      have a material impact on future licensing revenues.
    
    
      Ampex Corporation, www.ampex.com, 
      headquartered in Redwood City, California, is a leading innovator and 
      licensor of technologies for the visual information age, as well as a 
      manufacturer of high performance data storage products principally used 
      in defense applications.
    
    
      This release may contain information about the Company’s 
      future expectations, plans and prospects that constitute forward-looking 
      statements for purposes of the safe harbor provisions under The Private 
      Securities Litigation Reform Act of 1995. Actual results may 
      differ materially from historical results or those indicated by such 
      forward-looking statements as a result of a variety of factors 
      including, but not limited to, the Company’s 
      royalty revenues declining in future periods; the Company’s 
      limited liquidity and significant indebtedness and interest expense; the 
      risk that the Company will not conclude additional royalty-bearing 
      license agreements; the Company’s licensing, 
      marketing, investment and other strategies not being successful; the 
      possible incurrence of additional patent litigation expenses or adverse 
      legal determinations finding the Company’s 
      patents not to be valid or not to have been infringed; and other risks 
      and uncertainties disclosed in the Company’s 
      Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q, as 
      well as other documents periodically filed with the SEC.