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ATSN Artesyn Technologies (MM)

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Share Name Share Symbol Market Type
Artesyn Technologies (MM) NASDAQ:ATSN NASDAQ Common Stock
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Artesyn Issues Comment on Patent Infringement Suit by Power-One

05/10/2005 4:42pm

PR Newswire (US)


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BOCA RATON, Fla., Oct. 5 /PRNewswire-FirstCall/ -- Artesyn Technologies (NASDAQ:ATSN) issued the following statement with regards to the suit filed by Power-One, Inc. on September 30, 2005 (NASDAQ:PWER) in the United States Court for the Eastern District of Texas, Marshall Division and the press release that Power-One issued describing the suit: Artesyn is very diligent about intellectual property ownership during its product development process. It believes that it has defenses to the suit filed by Power-One, intends to assert them vigorously and expects to prevail. Artesyn believes in competing aggressively and fairly in the marketplace based upon the merits of its products. This lawsuit and the accompanying press release by Power-One appear, in Artesyn's opinion, to be a baseless attempt to slow the adoption of the PMBus(TM) protocol through the courts instead of through technical merit. While Power-One has chosen to invest in a proprietary system architecture, Artesyn believes the future of digital power management is better served with an open architecture such as the PMBus(TM) protocol, which has already gained significant support from numerous power supply and semiconductor companies, as well as system OEMs. About Artesyn Technologies, Inc. Artesyn Technologies, Inc., headquartered in Boca Raton, FL., is a world leader in the design, manufacture and sale of power conversion and embedded board solutions for infrastructure applications in server and storage, wireless and telecommunications systems. Our products are used in middle to high-end servers, data storage devices, routers, hubs, high-speed modems, RF amplification systems, base station controllers and transceivers. The company has a global sales reach with design and manufacturing facilities in Asia, Europe and North America. Artesyn is a public company whose common stock is traded on the Nasdaq stock market under the symbol ATSN. For more information, please visit the company's web site at http://www.artesyn.com/ . Cautionary Statement About Forward-Looking Statements Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that these forward- looking statements involve certain risks and uncertainties and may differ materially from actual future events or results. Undue reliance should not be placed on such forward-looking statements. Certain risks and uncertainties are identified in Artesyn's periodic filings with the United States Securities and Exchange Commission, specifically the most recent annual report on Form 10-K, filed on March 16, 2005. Some of these risk factors include, but are not limited to, operating in a volatile, competitive industry characterized by rapidly changing prices, technologies and demands associated with global manufacturing in foreign locations, dependence on a relatively small number of customers, dependence on and volatility of foreign sales, and technological changes which may render our existing products uncompetitive or obsolete. Any forward-looking statement made in this release is made as of the date of this release and should not be relied upon as representing our estimates as of any subsequent date. Artesyn assumes no obligation to update any such forward- looking statements. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change. For a more detailed discussion of such risks and uncertainties, the Company strongly encourages you to review its SEC filings. PMBus is a trademark of the System Management Interface Forum, Inc. http://www.newscom.com/cgi-bin/prnh/20050117/FLMLOGO http://photoarchive.ap.org/ DATASOURCE: Artesyn Technologies CONTACT: Pamela Rembaum, Director of Investor Relations, Artesyn, +1-561-451-1028 Web site: http://www.artesyn.com/

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