SOURCE: inthinc Technology Solutions, Inc.
SALT LAKE CITY, UT--(Marketwired - Apr 30, 2013) - inthinc Technology Solutions Inc., a global provider of telematics, fleet management and driver safety solutions, announces that it has settled its lawsuit with SpeedGauge, Inc., formerly pending in the Federal District Court for the Southern District of California.
In April, 2011, SpeedGauge, Inc. brought a patent infringement lawsuit against inthinc Technology Solutions, Inc. alleging that the inthinc waySmart® and tiwi™ brands of products infringed U.S. Patent No. 7,356,392. inthinc filed counterclaims against SpeedGauge for, among other things, infringement of inthinc's U.S. Patent No. 7,859,392. From the outset, inthinc publicly denied any liability in the lawsuit and proceeded to vigorously defend its products in Court.
Last week, SpeedGauge agreed to dismiss its infringement claim against inthinc with prejudice. Under the otherwise confidential terms of settlement, inthinc was not required to make any payment to SpeedGauge for its dismissal of the lawsuit against the accused waySmart and tiwi products. In order to eliminate further expense and distraction, inthinc also dismissed its counterclaims against SpeedGauge in order to reach the settlement.
"We believed from the beginning that inthinc's products did not violate the SpeedGauge patent and that this lawsuit was nothing more than a defensive act by an inferior single-feature provider," said inthinc President and CEO, Todd Follmer. "Our belief about the case grew stronger with the claim construction and with every step in the litigation. SpeedGauge's agreement to completely and finally dismiss the lawsuit, coupled with the fact that inthinc is not required to pay any money to SpeedGauge for dropping its claims against the waySmart and tiwi products, confirms in our minds what we believed all along and vindicates our decision to defend our products not only for ourselves but also for our current and future customers. Neither inthinc, nor any of its customers will ever be bothered again by nuisance claims from SpeedGauge when utilizing inthinc's proprietary, best-in-class driver behavior management solutions."
Continued Follmer: "As opposed to SpeedGauge's single-feature, post-processed, non-real-time offering, inthinc offers a complete stand-alone or integrated mobile resource management solution that operates in real-time to prevent dangerous driving behavior, like speeding, the instant it occurs. inthinc technology coaches the driver to achieve safe, efficient, and cost-saving driving behavior. We strongly believe in our technology and its ability to reduce risk and provide operational cost savings for fleets of all sizes. We are happy that we defended our products in Court and are pleased that SpeedGauge finally agreed to dismiss its claims."
inthinc is a global company centered on telematics, fleet management and driver safety solutions. Its breakthrough technologies are designed to safeguard lives, save money and protect the environment. inthinc technology has been documented to reduce accidents by 90 percent, reduce speeding by 86 percent, decrease maintenance costs by 20 percent and reduce fuel costs. For more information, please visit http://www.inthinc.com.