Super Vision (NASDAQ:SUPVA)
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From Oct 2019 to Oct 2024
Super Vision International, Inc. (NASDAQ:SUPVA)(Class A
Common), a world leader in solid-state LED and fiber optic lighting
systems and controls used in commercial, architectural, signage,
swimming pool and retail lighting applications, announced today that
the United States District Court for the District of Massachusetts has
granted Color Kinetics Incorporated (CLRK) motion requesting the
reimbursement for attorneys costs and fees in exchange for waiving
willful infringement and any and all rights to damages related to its
patents in its infringement case against the company. This order and
Color Kinetics' estimated $1.4 million in legal costs and fees, which
still need to be documented to the court, will be appealed in
conjunction with the overall appeal of the infringement summary
judgment issued by the same court back in August, 2005.
"We anticipated that the court might grant this motion and we have
made preparations accordingly," stated Mike Bauer, President/CEO of
Super Vision. "However, just as we stated back in August, we feel
strongly that there are numerous material facts and matters of law and
that when presented to the appellate level court, the summary judgment
and subsequent awarding of legal fees and costs will be overturned.
There is still a long way to go in the process and we believe that
Super Vision will ultimately prevail."
Certain of the above statements contained in this press release
are forward-looking statements that involve a number of risks and
uncertainties. Such forward-looking statements are within the meaning
of that term in Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Reference is made to Super
Vision's filings under the Securities Exchange Act for factors that
could cause actual results to differ materially. Super Vision
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise. Readers are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those indicated in the forward-looking
statements as a result of various factors. Readers are cautioned not
to place undue reliance on these forward-looking statements.