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Genesis Microchip Wins Patent Infringement Case Against Mstar; Order Excluding Mstar Products from Entry into U.S. Expected
SAN JOSE, Calif. --(Business Wire)-- April 15, 2004 -- Genesis Microchip Inc. (Nasdaq:GNSS), a world leader in the development of image processing technologies for LCD monitors, flat-panel televisions and other consumer display products, today announced that the U.S. International Trade Commission (ITC) has issued an initial determination that Mstar Semiconductor, Inc. infringes Genesis Microchip's U.S. Patent No. 5,739,867 entitled "Method and Apparatus for Upscaling an Image in Both Horizontal and Vertical Directions."
As a result of today's ruling on U.S. Patent No. 5,739,867, the ITC is expected to issue an exclusion order preventing the importation of Mstar's display controllers into the United States, as well as monitors and boards containing these products.
"We are delighted with the ITC's decision today," said Eric Erdman, interim chief executive officer of Genesis Microchip. "We believe that our technology embodied in the winning patent is fundamental to providing low-cost scaling solutions for flat-panel monitors and entry-level flat-panel televisions."
Mstar and Media Reality Technologies, Inc. (MRT) were found not to infringe Genesis Microchip's U.S. Patent No. 6,078,361, but this finding does not affect the expected exclusion order against Mstar. In addition, a separate ruling is scheduled for May 2004 in the case against MRT and Trumpion Microelectronics, Inc., on U.S. Patent No. 5,739,867.
About Genesis Microchip
Genesis Microchip Inc. (Nasdaq: GNSS) is a leading provider of image processing systems enabling superior picture quality in LCD TVs and a variety of consumer and PC-display products. Featuring Genesis Display Perfection(TM) technologies and Emmy award-winning Faroudja(R) video technology, Genesis system-on-a-chip solutions are used worldwide by display manufacturers to produce visibly better images across a broad array of devices including flat panel displays, digital TVs, projectors and DVD players/recorders. The Genesis technology portfolio features analog and mixed signal system-on-a-chip design, DCDi(R) by Faroudja deinterlacing, TrueLife(TM) video enhancement and IntelliComb(TM) video decoding and includes over 135 patents. Founded in 1987, Genesis supports its leading brand-name customers with offices in the U.S., Canada, India, Taiwan, Korea, China and Japan. For more information about Genesis Microchip Inc. or Genesis Display Perfection technologies, please visit www.gnss.com.
Note to Editors: Genesis, Genesis Display Perfection, Faroudja, DCDi by Faroudja, TrueLife, and IntelliComb are trademarks or registered trademarks of Genesis Microchip Inc. All other trademarks are the property of their respective owners.
Safe Harbor Statement
This press release contains forward-looking statements, including, without limitation, forward-looking statements regarding the ITC's ruling regarding MRT and Trumpion, final determination against Mstar, exclusion order against Mstar, and the expected dates thereof. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including filings that the parties may make in the litigation and the ITC's determinations regarding those filings, the ITC's review of the initial determination, and other events or delays that may occur in the litigation. Other risk factors are listed in the company's SEC reports, including but not limited to Genesis' quarterly report on Form 10-Q for the quarter ended December 31, 2003.
Any statements by persons outside the company speculating on the subject matter of this press release, or any other aspects of the company's business, will not be based on internal company information and should be assessed accordingly by investors.
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