Patent case vs. Toyota
#1
11-06-2006, 01:53 PM
Join Date: Oct 2005
Location: Huntsville, AL
Posts: 5,613
Patent case vs. Toyota
http://www.primezone.com/newsroom/news.html?d=108168
"Solomon Completes Infringement Case Against ToyotaTARPON SPRINGS, Fla., Nov. 6, 2006 (PRIMEZONE) -- Solomon Technologies, Inc. (OTCBB:SOLM) announced today that it has completed the trial portion of its patent infringement case against Toyota Motor Corporation (NYSE:TM) and certain of its affiliates for infringement of Solomon's Electric Wheel(tm) technology patent. Solomon has alleged that the Hybrid Synergy Drive(r) system installed in vehicles manufactured and imported by Toyota, such as the Prius, Highlander Hybrid, Camry Hybrid and the Lexus RX400h, infringe Solomon's U.S. Patent No. 5,067,932.
Solomon President Peter W. DeVecchis, Jr. said, . . .
He continued, "With this portion of the effort nearly behind us, we will be intensifying our focus on expanding the licensing efforts of our patented technology as recently evidenced by our license with Hobie Cat, continuing the integration of the newly acquired Technipower business and targeting other acquisition opportunities. In addition, we expect shortly to announce results for the third quarter of 2006."
The ITC Administrative Law Judge is expected to issue his initial determination on or before January 18, 2007. If Solomon is successful in its ITC action, Toyota could be prohibited from importing into the United States any vehicle that utilizes the infringing combination motor and transmission systems including the Prius and Highlander models, the Camry Hybrid, the prodigy of the best selling mid-size car in the U.S. market, and the Lexus RX400h."
Last year, I was cleaning out a closet and found an old Kodak instant camera. I looked at it and thought, "Digitial cameras are now in cell phones and have made both obsolete." Then briefly, I remembered GM crushing their EV-1s.
Bob Wilson
"Solomon Completes Infringement Case Against ToyotaTARPON SPRINGS, Fla., Nov. 6, 2006 (PRIMEZONE) -- Solomon Technologies, Inc. (OTCBB:SOLM) announced today that it has completed the trial portion of its patent infringement case against Toyota Motor Corporation (NYSE:TM) and certain of its affiliates for infringement of Solomon's Electric Wheel(tm) technology patent. Solomon has alleged that the Hybrid Synergy Drive(r) system installed in vehicles manufactured and imported by Toyota, such as the Prius, Highlander Hybrid, Camry Hybrid and the Lexus RX400h, infringe Solomon's U.S. Patent No. 5,067,932.
Solomon President Peter W. DeVecchis, Jr. said, . . .
He continued, "With this portion of the effort nearly behind us, we will be intensifying our focus on expanding the licensing efforts of our patented technology as recently evidenced by our license with Hobie Cat, continuing the integration of the newly acquired Technipower business and targeting other acquisition opportunities. In addition, we expect shortly to announce results for the third quarter of 2006."
The ITC Administrative Law Judge is expected to issue his initial determination on or before January 18, 2007. If Solomon is successful in its ITC action, Toyota could be prohibited from importing into the United States any vehicle that utilizes the infringing combination motor and transmission systems including the Prius and Highlander models, the Camry Hybrid, the prodigy of the best selling mid-size car in the U.S. market, and the Lexus RX400h."
Last year, I was cleaning out a closet and found an old Kodak instant camera. I looked at it and thought, "Digitial cameras are now in cell phones and have made both obsolete." Then briefly, I remembered GM crushing their EV-1s.
Bob Wilson
Last edited by bwilson4web; 11-06-2006 at 01:56 PM.
Thread
Topic Starter
Forum
Replies
Last Post
