Powerlinx (CE) (USOTC:PWNX)
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From Jan 2020 to Jan 2025
PowerLinx, Inc. (OTCBB:PWNX), a developer, manufacturer,
and seller of power line communication products today announced that
the civil action initiated against the Company by Satius, Inc.
("Satius"), on August 17, 2005, in which Satius alleged various claims
under a former license agreement entered into on December 18, 2002, by
and between Satius and the Company, and subsequently terminated by
Satius on July 10, 2004, has been dismissed in the Court of Common
Pleas of Montgomery County, Pennsylvania. The Company cannot predict
whether Satius will elect to pursue other actions.
About PowerLinx, Inc.: PowerLinx, Inc., http://www.power-linx.com,
develops, manufactures, and markets products and applications that
transmit voice, video, audio and data either individually or in any
and all combinations over power lines, twisted-pair wires and coax in
AC and DC power environments, on any and all power grids. The Company
has also developed, manufactured, and marketed different kinds of
underwater video cameras, lights and accessories for the marine,
commercial and consumer retail markets.
Web site: http://www.power-linx.com
E-mail: investor@power-linx.com
This press release may contain "forward-looking statements" that
involve risks and uncertainties, including statements regarding our
plans, future events, objectives, expectations, forecasts, or
assumptions. Any statement in this press release that is not a
statement of historical fact is a forward-looking statement, and in
some cases, words such as "believe," "estimate," "project," "expect,"
"intend," "may," "anticipate," "plans," "seeks," and similar
expressions identify forward-looking statements. These statements
involve risks and uncertainties that could cause actual outcomes and
results to differ materially from the anticipated outcomes or result,
and undue reliance should not be placed on these statements. These
risks and uncertainties may include: the adoption of our new products
by customers; our ability to identify, develop, and commercialize new
applications for our products; the ability to manage our anticipated
growth; scaling-up our manufacturing capabilities; protecting our
intellectual property; and other risks and uncertainties discussed in
filings made with the Securities and Exchange Commission (including
risks described in subsequent reports on Form 10-Q, Form 10-K, Form
8-K, and other filings). PowerLinx, Inc. disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events, or otherwise.