Separately, the Company filed a preliminary injunction against MagnaChip to obtain an order from the Seoul Court that would require MagnaChip to refrain from engaging in certain acts which have and would continue to negatively impact the Company's business relationships with its existing and potential customers. Those acts by MagnaChip include communicating with the Company's clients that the Company allegedly engaged and would continue to engage in the claimed infringement of MagnaChip's patents and that the Company allegedly is not a reliable or suitable company with whom those clients should maintain or start a business relationship.
In October 2006, the Company announced that MagnaChip's claims on the disputed photo diode and sensor patents had been completely withdrawn from MagnaChip's complaint. Earlier this month, the Company obtained a complete victory in the Seoul Court on the disputed color filter and contact hole process patents claimed by MagnaChip.
The Company will issue further announcements as and when there are new material developments in this case.
About Pixelplus Co., Ltd.
Pixelplus is a South Korea-based developer of high-performance, high- resolution, and cost-effective CMOS image sensors for use primarily in mobile camera phones. In addition to mobile phones, Pixelplus provides CMOS image sensors and SoC solutions for use in webcams and notebook embedded cameras, toys and games, and security and surveillance system applications.
As a fabless semiconductor company, Pixelplus is focused on creating proprietary design technologies to develop CMOS image sensors with sharp, colorful and enhanced image quality, size efficiency, and low power consumption.
Forward Looking Statement
This press release contains certain statements that are not historical in nature but are "forward-looking statements" within the meaning of the "safe- harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of forward- looking terminology, such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "project," or "continue" or the negative of such words or other similar words. Pixelplus cautions readers that forward-looking statements are based on the Company's current expectations, estimates and assumptions about our company and our industry, and are subject to a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Investors are directed to Pixelplus' reports and documents filed from time to time with the U.S. Securities and Exchange Commission for a description of various factors that should be considered before investing in Pixelplus securities. These factors may cause Pixelplus' results to differ materially from the forward-looking statements made in this release. The forward-looking statements speak only as of the date of this press release and Pixelplus assumes no duty or obligation to update them to reflect new, changing, or unanticipated events or circumstances.
Contact:
Shane Y. Hong
Pixelplus Co., Ltd.
5th Floor, Intellige I, KINS Tower
25-1 Jeongja-dong, Bundang-gu, Seongnam-si
Gyeonggi-do 463-811, Republic of Korea
+82-31-600-5300
OR
Taylor Rafferty:
London - - Stewart Taylor at +44 (0) 20 7614 2900
New York - - Allon Bloch at +1 212 889 4350
Seoul - - Jisook Shim at +82 (0) 2 2000 5753
Tokyo - Yuhau Lin at +81 (0) 3 5444 2730
Email
Email Contact