VIM Expects to Prevail Over Presstek's ITC Complaint
Press release from the issuing company
March 16, 2008 -- VIM Technologies Ltd. today reiterated its intention to vigorously defend itself and its distributors against the baseless complaint filed by Presstek, Inc. in the International Trade Commission (ITC).
It is important to understand that instituting an investigation is merely a formality, and in no way signifies any "favorable response" by the ITC, as Presstek is suggesting. It is also important to understand that Presstek's allegations are based solely on its U.S. patents, and have no effect on any person or company outside of the U.S.
Once the merits of the case are considered by the ITC, VIM fully expects to prevail. VIM does not infringe any of Presstek's patents, and is confident that the ITC will reach the same conclusion.
Presstek's baseless infringement claims in the ITC are creating confusion and uncertainty among users of VIM's plates and damaging the ability of VIM's distributors to compete fairly in the U.S. marketplace. VIM will not be intimidated by Presstek's heavy-handed tactics against VIM and its distributors. As Avigdor Bieber, founder and CEO of VIM, stated, "VIM is an intellectual property holder itself, and respects the intellectual property rights of others. We have not infringed Presstek's patents, and expect that the ITC will agree. It is regrettable that Presstek would attempt to use the ITC to create an unwarranted advantage in the marketplace."
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. 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 enable printers to finally return to profitable use of their digital presses. We trust that the digital industry will see Presstek's ITC action for what it is, will not accept Presstek's attempt to restrain supply alternatives, and will continue to use VIM's plates."
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