General Patent Represented Advanced Card Technologies in These Transactions
SUFFERN, NY, November 28, 2007 - Advanced Card Technologies LLC (ACT) announced today that it has settled its patent infringement lawsuit against UV Color, a plastic card manufacturer located in Minneapolis, MN, and licensed its patents to several other companies in the plastic card industry. General Patent Corporation International (GPCI), a leading patent licensing and enforcement firm headquartered in Suffern, New York, represented ACT in the licensing transactions.
The lawsuit, originally filed in September 2006 in the Western District of Oklahoma (5:06 CV 957), alleged infringement of ACT's U.S. Patent Nos. 5,720,158 and 5,921,584 (Patents) by breakaway plastic card products bearing magnetic stripes, such as phone cards and gift cards. As part of the settlement, UV Color and its sister companies, Plastag Corporation and Lucas Color Card, took a license under the Patents.
"We are pleased to have finally settled our case against UV Color," said Paul Lerner, GPCI's General Counsel. "We can now focus our licensing efforts on others."
Other companies that have recently licensed the ACT Patents include Allegheny Plastics of Leetsdale, PA, Card USA of Hollywood, FL, and Custom Plastic Card of Pompano Beach, FL.
ACT's U.S. Patent Nos. 5,720,158 and 5,921,584 generally relate to gift, loyalty and phone cards. GPCI, the manager and exclusive licensing agent for ACT, has successfully represented ACT in 22 licensing transactions and 3 lawsuits related to the Patents.
About Advanced Card Technologies LLC
Advanced Card Technologies (ACT) of Suffern, NY is the owner of U.S. Patent Nos. 5,720,158 titled "Information Card Package" and 5,921,584 titled "Card Display Package". A non-exclusive license under these patents is available. For licensing terms, contact Kathlene Ingham at (845) 368-4000, x107.
About General Patent Corporation International
General Patent Corporation International (GPCI) is a premier IP licensing and enforcement firm headquartered in Suffern, NY. GPCI represents clients in assertive licensing and intellectual property enforcement on a contingency basis. GPCI is the oldest such organization in the US. For more information on GPCI visit www.patentclaim.com.
General Patent Corporation (GPC), an affiliate of GPCI, is a leading intellectual property management firm. GPC provides IP analysis and strategy, IP audit and valuation, IP portfolio mining and management, licensing and technology transfer services to domestic and foreign businesses, universities, research institutions and individual inventors. For more information on GPC visit www.generalpatent.com.
IP Holdings LLC, another affiliate of GPCI, is an IP-centric merchant banking organization. IP Holding also operates an idea incubator. For more information on IP Holdings visit www.ip-holdings.com.