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DTK Dmatek Ld

210.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dmatek Ld LSE:DTK London Ordinary Share IL0010830052 ORD ILS0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 210.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Patent Dispute Settled

05/12/2007 7:11am

UK Regulatory


RNS Number:2017J
Dmatek Ld
05 December 2007


     Dmatek Ltd: Patent Dispute Settled; Competing Product to be Modified


Dmatek Ltd., the London-listed provider of leading electronic monitoring
technologies, announces the settlement of patent litigation between Pro Tech
Monitoring, Inc. ("Pro Tech") and iSecureTrac Corp. ("iST")



On November 27, 2007, the parties entered into a Settlement Agreement (the "
Settlement Agreement"), pursuant to which the parties have agreed to compromise
and settle all claims and disputes related to a lawsuit filed by Pro Tech
against iST in the United States District Court for the Middle District of
Florida. In the case, Pro Tech alleged that iST had infringed on a U.S. patent
held by Pro Tech relating to GPS tracking and monitoring apparatus and systems.
Pro Tech was seeking an injunction and substantial monetary damages from the
Company.



Pursuant to the Settlement Agreement, Pro Tech has caused the dismissal of its
lawsuit against the iST. In consideration, iST paid Pro Tech $800,000 in cash
upon execution of the Settlement Agreement and has agreed to purchase $600,000
worth of remote alcohol monitoring equipment prior to December 31, 2007. In
addition, iST has agreed to make a modification to its GPS tracking equipment to
eliminate or disable a particular component that was claimed by Pro Tech to
contribute to the infringement of its patent. To the extent this component is
not removed or disabled from iST's equipment within two months, iST will be
subject to royalty payments on unmodified equipment in the field which escalate
over time. The amount of such royalty payments, if any, cannot be estimated at
this time.



Media & Investor Enquiries:
Dmatek Ltd.
Idit Mor, mobile: 07834 126 742
mailto:idit@dmatek.com



Notes to Editors:

About Dmatek: Dmatek is a leading provider of remote people monitoring
technologies. Current applications of the company's technology solutions are
marketed by Dmatek's wholly owned subsidiaries -- Elmo-Tech Ltd., and Pro Tech
Inc. which address the global law enforcement and corrections industry and
HomeFree Systems, which operates in the emerging elderly monitoring market.
Dmatek's systems are used by private operators and government agencies in over
25 countries worldwide.  Dmatek is traded on the London Stock Exchange (LSE:
DTK.L). http://www.dmatek.com/




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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