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HP Resolves Ink Cartridge Patent Infringement Lawsuit With Brazil's Multilaser(May 29, 2012)
PALO ALTO, CA -- (Marketwire) -- 05/29/12 -- HP (NYSE: HPQ) today announced that it has amicably resolved patent litigation with Brazil-based Multilaser Industrial Ltda. relating to HP's integrated printhead inkjet cartridges.(1)
As part of the settlement, Multilaser acknowledges that HP's patents are valid and were infringed upon. Multilaser has agreed to stop selling the cartridges in question in Brazil and in other countries where HP has corresponding patent rights. Multilaser also will reimburse part of the litigation costs to HP.
"HP invests billions of dollars in developing innovative products for our customers and is committed to pursuing legal enforcement to protect our technological innovations -- not only the company's intellectual property, but also the value we deliver to our customers," said Stephen Nigro, senior vice president, Inkjet and Web Services Business, Imaging and Printing Group, HP. "We will continue to monitor the marketplace for intellectual property infringements as part of our commitment to worldwide testing and enforcement efforts."
The settlement is based on litigation filed by HP in the Brazilian State Court of São Paulo on April 12, 2011, alleging the importation and sale of HP-compatible inkjet print cartridges in Brazil that infringe on HP patents.
Additional information about original HP supplies is available at http://www8.hp.com/us/en/prodserv/ink-toner-paper.html.
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP is available at http://www.hp.com.
(1) The settlement covers a number of cartridges, including HP 56, HP 57, HP 60, HP 74, HP 75, HP 92 and HP 93. In countries outside of Brazil, the HP 60, HP 74, HP 75, HP 92 and HP 93 ink cartridges may be known by different product numbers.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations, including execution of cost reduction programs and restructuring and integration plans; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP's businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; expectations and assumptions relating to the execution and timing of cost reduction programs and restructuring and integration plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2012 and HP's other filings with the Securities and Exchange Commission, including HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2011. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2012 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
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