SOURCE: SynQor, Inc.

SynQor, Inc.

August 24, 2011 08:37 ET

Court Enters Final Judgment in SynQor Patent Litigation

BOXBOROUGH, MA--(Marketwire - Aug 24, 2011) - SynQor today announced that the Federal Court for the Eastern District of Texas has entered final judgment in the matter SynQor, Inc. v. Artesyn Technologies, Inc., et al., Civil Action No. 2:07-CV-497-TJW-CE. [click here to see the document]

In this action SynQor brought suit against eleven of the largest industry suppliers of unregulated and semi-regulated bus converters used in Intermediate Bus Architecture applications. SynQor alleged that each of these eleven competitors were infringing one or more of five patents owned by SynQor. In December 2010, a jury agreed and awarded SynQor more than $95M in damages. That amount was later supplemented by an additional damage award of more than $17M. In entering final judgment on August 18, the Court also awarded SynQor more than $1.45M in pre-judgment interest, awarded post-judgment interest at the statutory rate and denied the defendants' many motions seeking to set aside the jury verdict. [click here to access the motions]

The defendants in the case are Artesyn Technologies, Inc., Astec America, Inc., Bel Fuse Inc., Cherokee International Corp., Delta Electronics, Inc., Delta Products Corp., Lineage Power Corp., Murata Elec. North America, Inc., Murata Manufacturing Co., Ltd., Murata Power Solutions Inc., and Power-One, Inc.

SynQor's patents at issue in the lawsuit are U.S. Patent Nos. 7,072,190, 7,272,021, 7,558,083, 7,564,702 and 7,269,034.

SynQor President and Chief Executive Officer, Dr. Martin F. Schlecht, commented: "We are very pleased that the Court upheld the jury verdict and denied the defendants' requests for a new trial and other post-trial motions. We are confident that this award will also be upheld in the event of any appeal."

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

Motions:

About SynQor
Founded in 1997, SynQor has become the technology, quality and service leader for high efficiency DC-DC converters for the telecom/datacom marketplace. The PowerQor, BusQor, DualQor, iQor, and NiQor product lines, combined with SynQor's unmatched lead-times, flexibility, design support and lowest total cost of ownership have become the benchmark sought by SynQor's worldwide customer base.

In 2004, SynQor began its successful entry into the military, industrial and medical market segments with the MilQor, InQor and ACuQor product lines. These new technology leading DC-DC and AC-DC product lines have enabled customers to realize vast savings in space, weight and overall system costs while dramatically increasing power densities and end-system performance. Equally important is the service and support advantage SynQor has brought to customers in these market segments.

SynQor is a privately owned U.S. company headquartered in Boxborough, Massachusetts, which is also the location of all of its manufacturing operations. SynQor has a design center in Dallas Texas, and sales/marketing offices in Europe, Malaysia, Korea and China. More information is available on the company's website at www.synqor.com.

Contact Information