GPS Industries, Inc.
OTC Bulletin Board : GPSN

GPS Industries, Inc.

October 16, 2007 06:30 ET

GPS Industries Secures Patent Settlement From GPS GolfPro, LLC

Company Maintains Strength of Intellectual Property

DALLAS, TEXAS--(Marketwire - Oct. 16, 2007) - GPS Industries, Inc. (OTCBB:GPSN), owner of golf-related GPS technology patents in 15 countries announces that it has licensed its golf-related GPS technology patent portfolio to GPS GolfPro, LLC.

The license settles GPS GolfPro's involvement in a major patent infringement lawsuit brought by GPS Industries in Dallas federal district court. The License Agreement covers all jurisdictions in which GPS Industries holds patents, including U.S. Patent No. 5,364,093.

Bob Silzer, GPS Industries' President and CEO: "We are pleased that GPS GolfPro chose to join the ranks of other licensees in good standing who respect GPS Industries' patents. The license with GPS GolfPro further confirms the value of GPS Industries' technology and the strength of its intellectual property."

GPS Industries' exclusive licensing agent is the Dallas-based law firm Shore Chan Bragalone, LLP.

About GPS Industries (GPSI)

GPS Industries, Inc. (OTCBB:GPSN) is a global technology solutions provider. In the golf industry, the Company's Inforemer® Golf Management System features an integrated WiFi communications network, a comprehensive suite of management tools, and award-winning cart-mounted display units. These display units deliver an enriched playing experience for golfers and a lucrative advertising opportunity for the Company and its client facilities. For golf communities, the WiFi infrastructure enables significant lifestyle amenities for residents, creating a wireless 'hot-spot' which supports an unique array of technologies: wireless internet connectivity, location tracking devices, wireless security protection, VOIP phones, mobile point-of-sale systems, and an interactive real estate sales tool. The Company owns the patent for position-based on-course advertising as well as numerous patents for GPS and Differential GPS (DGPS) applications for golf in fifteen countries worldwide, including the United States, Australia, Great Britain and Japan. For additional information, please visit: www.gpsindustries.com.

Forward-Looking Statements

Some statements contained in this release may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to generate revenues and other factors as described in the Company's literature and filings with the Securities and Exchange Commission.

Contact Information

  • GPS Industries, Inc.
    Steve Barrett
    CMO
    (604) 576-7442 ext 115
    or
    GPS Industries, Inc.
    Ryan Gray
    Investor Relations
    (310) 276-6743
    Website: www.gpsindustries.com