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VIM Responds to Presstek's recent press release

Friday, May 01, 2009

Press release from the issuing company

VIM Technologies Ltd. today corrects the misleading press release published April, 23, 2009 by Presstek, Inc. about the German patent infringement judgment given in the first instance. 

Contrary to Presstek's release, VIM`s Invalidity argument against Presstek patent is still pending in the Federal Patent Court in Munich.  The oral hearing in said nullity action which in fact is a completely separate legal proceedings has been fixed for December 15th.

VIM will appeal the German judgment given in the infringement proceedings in the first instance and will do so immediately upon receipt of said judgment in writing.

To be clear: VIM may continue to sell its digital printing plates in Europe and in the US. VIM may even continue to sell its digital printing plates in Germany until the obligatory security in the amount of one million Euros is served by Presstek, as decided by the German first instance`s decision.

VIM continues to vigorously defend itself and its distributors against the meritless claims filed by Presstek in the International Trade Commission (ITC) in the U.S. and in the German Court of Appeals and the German Federal Patent Court.  VIM remains confident that the patents asserted by Presstek will be judged invalid and not infringed by VIM's products.  VIM fully expects that the ongoing Hearing in the ITC, in the nullity action in the German Federal Patent Court and in the German appeal proceedings finally will result in VIM's prevailing on all issues.

In respect to the decision made by the first instance of the German District Court in Düsseldorf, VIM will appeal that judgment immediately upon its receipt the full judgment in writing.

Avigdor Bieber, founder and CEO of VIM, stated, "As intellectual property holders, VIM respects intellectual property rights of others. However, we are confident that we do not infringe any of Presstek's patents, and are certain the ITC in the United States and the Federal Patent Court in Munich as well as the German Court of Appeals in Düsseldorf will reach the same conclusion as VIM. We will vigorously defend our position against Presstek's claims, which we are convinced are baseless.  It is regrettable that Presstek continues to bring this dispute to the public – obviously with the intention of harassing and intimidating VIM's distributors and customers, rather than trying to compete with us fairly in the marketplace."

Mr. Bieber added, "VIM's digital plates are already welcomed and selected by a continuously growing number of printers for their quality and competitive pricing. VIM's digital plates finally enable printers to return to profitable use of their digital presses. We trust that the digital printing industry will see through Presstek's latest attempt to 'corner the market' and will continue using the VIM plates."

VIM is a leader in the field of digital printing plates and related imaging products that significantly increase the profitability of offset printing. By combining an innovative approach, state of the art technologies, and many years of research and development experience, VIM digital printing plates expand the profitability of digital press offerings by enabling higher quality output and capacity utilization in both short and long print runs.




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