Diebold alleges Hyosung patent infringement

Source: Diebold

Diebold, Incorporated (DBD) today announced it has filed a complaint with the U.S. International Trade Commission (ITC) and the U.S. District Court for the Northern District of Ohio alleging that Nautilus Hyosung Inc., and its subsidiary Nautilus Hyosung America Inc., infringe Diebold patents in many of its automated teller machines (ATMs).

Diebold is requesting the ITC issue an exclusion order to bar infringing Hyosung products from being imported to the United States. Diebold is also requesting the District Court enjoin the importation, sale, and/or distribution of infringing products in the United States and award Diebold appropriate damages for Hyosung's infringement.

The complaint alleges that Hyosung has infringed upon six Diebold patents which relate to key features in Hyosung products. These patented technologies are important to Diebold's success as they enable the company to better address the needs of financial institutions, the retail industry and their customers through improved security, enhanced deposit automation and note dispensing functionality, and simplified maintenance.

Diebold has invested hundreds of millions of dollars in research and development and has built a strong patent portfolio, which includes more than 1,000 patents. Diebold is committed to protecting its investment in U.S. industry, as well as its intellectual property rights throughout its portfolio of solutions. While Diebold welcomes legitimate efforts to compete with its innovative products and unparalleled service organization, the company is committed to vigorously enforcing its intellectual property rights.

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