PCI-PAL PLC Unfounded allegations of patent infringement (9301L)

TIDMPCIP

RNS Number : 9301L

PCI-PAL PLC

16 September 2021

PCI-PAL PLC

("PCI Pal", "the Company" or "the Group")

Unfounded allegations of patent infringement

PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions for business communications, notes the press release from its competitor Semafone Limited that it has filed a lawsuit in both the UK and US relating to alleged patent infringements by PCI Pal.

The Directors strongly refute the claims being made by Semafone and believe that the Semafone claims have no basis. As a technology company, PCI Pal has consistently obtained specialist patent legal advice (both within the UK and US) and is wholly confident that no patent infringement is taking place. PCI Pal will defend itself robustly against all allegations of patent infringement.

For further information, please contact:

 
 PCI-PAL PLC                              Via Walbrook PR 
 James Barham - Chief Executive 
  Officer 
  William Good - Chief Financial 
  Officer 
 finnCap (Nominated Adviser and 
  Broker)                                 [phone] 
 Marc Milmo/Simon Hicks (Corporate 
  Finance) 
  Richard Chambers (Corporate Broking) 
 Walbrook PR                              [phone] 
 Tom Cooper/Nick Rome                     [phone] 
                                          P [e-mail] 
 

About PCI Pal:

PCI Pal is a leading provider of Software-as-a-Service ("SaaS") solutions that empower companies to take payments from their customers securely, adhere to strict industry governance, and remove their business from the significant risks posed by non-compliance and data loss. Our products secure payments and data in any business communications environment including voice, chat, social, email, and contact centre. We are integrated to, and resold by, some of the worlds' leading business communications vendors, as well as major payment service providers.

The entirety of our product-base is available from our global cloud platform hosted in Amazon Web Services ("AWS"), with regional instances across EMEA, North America, and ANZ.

For more information visit www.pcipal.com or follow the team on Linkedin: https://www.linkedin.com/company/pci-pal/

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

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September 16, 2021 02:00 ET (06:00 GMT)