Press Release

SynQor Prevails on Post-Judgment Motions; New IBA Case Opened

Boxborough, MA - SynQor, Inc. today announced that late last week, in the matter SynQor, Inc. v. Artesyn Technologies, Inc., et al., Civil Action No. 2:07-CV-497-TJW-CE , the U.S. District Court for the Eastern District of Texas denied all of the defendants' post-trial challenges to the jury verdict and the Court's prior rulings.

In ruling for SynQor the Court stated:
The Court has carefully considered the parties' submissions, the record, and the applicable law.  As discussed in the Court's previous orders, the Court finds that the evidence in the record supports the jury's findings with respect to the issues raised in the renewed JMOLs.  The Court also finds that the verdict was not against the great weight of the evidence, the damages awarded were not excessive, the trial was fair, and no prejudicial error was committed.  Defendants have offered no persuasive arguments for the Court to disregard the jury's verdict or to award a new trial.  The Court rejects Defendants' arguments accordingly.  These Motions, in their entirety, are DENIED.  In addition, Defendants' motions to set aside the Court's finding of supplemental damages, civil contempt sanctions, and award of attorneys' fees … are DENIED.   (Citations omitted)  [click here to see the full text of the Court Order]

In a separate Order the Court awarded SynQor $414,071 to be paid by the '497 defendants for certain costs incurred by SynQor in conducting the patent infringement trial.  This amount was awarded in addition to the more than $114M previously awarded to SynQor through the Final Judgment.

Finally, on its own motion the Court opened a new case and assigned to it SynQor's continuing causes of action against the '497 defendants for post-injunction damages.  The Court authorized continuing discovery in that case and ordered the '497 defendants to provide SynQor with updated sales data for each unregulated and semi-regulated bus converter sold worldwide for the period January 24, 2011 to September 30, 2011 and on a quarterly basis thereafter.  SynQor's Motion for Order Requiring Non-Party Cisco System, Inc. to Show Cause Why It Should Not Be Held In Contempt of the Permanent Injunction Entered by the Court was also transferred to the new case.  [click here to see the full text of the Court Order]

SynQor President and Chief Executive Officer, Dr. Martin F. Schlecht, commented: "We are very pleased with the Court's latest rulings that validate the jury award in this case.  The new case opened by the Court will allow SynQor to obtain compensation for additional infringements and to monitor potential violations of the Court's Permanent Injunction Order which is now in full force and effect with no exceptions. We look forward to continuing to work with customers that wish to use highly efficient unregulated and semi-regulated bus converters free from any litigation risk, including the potential for damages and line down situations due to injunctive relief."

Datasheets and other information concerning SynQor's bus converters and other SynQor IBA products are available on SynQor's website, http://www.synqor.com

Inquiries concerning the foregoing should be directed to Arthur R. Hofmann, Jr., SynQor's Executive Vice President and General Counsel.

Email: Inquiries@SynQor.com

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