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ams AG Announces $77 Million Intellectual Property Award Against United States Competitor

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-Court upholds ruling on trade secret and patent infringement suit

PREMSTAETTEN, Austria /PRNewswire/ — ams AG (SIX: AMS), a leading provider of high performance sensors and analog ICs, announces that U.S. District Judge Richard A. Schell has entered an order onApril 26, 2016, awarding one of its wholly-owned subsidiaries, ams-TAOS USA Inc. f/k/a Texas Advanced Optoelectronic Solutions, Inc., US $77,021,593 in damages from United States-based Intersil Corporation, including US $10,000,000 in exemplary damages.

The decision comes after a 2015 four-week trial in which jurors in the federal Eastern District of Texas found in favor of ams-TAOS on all claims against Intersil: misappropriation of ams-TAOS’ trade secrets, breach of a non-disclosure agreement between the parties, tortious interference with ams-TAOS’ prospective business relations, and willful infringement of U.S. Patent No. 6,596,981.

The final judgment, which will be entered on a later date, can, however, be appealed. ams AG is therefore not able to estimate a time frame for conclusion of the case or recovery of damages awarded.

ams AG General Counsel Jann H. Siefken stated, “We are pleased with the court’s decision to enforce our company’s intellectual property rights against a competitor who would seek to misappropriate them for an unfair competitive advantage.”

About ams
ams is a global leader in the design and manufacture of advanced sensor solutions and analog ICs. Our mission is to shape the world with sensor solutions by providing a seamless interface between humans and technology. ams’ high-performance analog products drive applications requiring extreme precision, dynamic range, sensitivity, and ultra-low power consumption. Products include sensors, sensor interfaces, power management and wireless ICs for consumer, communications, industrial, medical, and automotive markets.

With headquarters in Austria, ams employs over 2,100 people globally and serves more than 8,000 customers worldwide. ams is listed on the SIX Swiss stock exchange (ticker symbol: AMS). More information about ams can be found at www.ams.com.

ams social media:
Follow us on twitter https://twitter.com/amsAnalog or
Share with https://www.linkedin.com/company/ams-ag

The case is Texas Advanced Optoelectronic Solutions Inc. v. Intersil Corp., No. 4:08-cv-451. ams AG is represented by the Dallas, Texas (USA) law firm Munck Wilson Mandala, LLP. The trial team partners are Jamil N. Alibhai, Michael A. McCabe, Robert D. McCutcheon, William A. Munck and Michael C. Wilson.

for further information

Media Relations

Media Relations US

ams AG

ams AG

Ulrike Anderwald

Jann Siefken

Head of Marketing Communications

General Counsel

T  +43 (0) 3136 500 31200

T  +43 (0) 3136 500 0

press@ams.com  

press@ams.com

www.ams.com  

www.ams.com  

Source: ams AG

Related stocks: OTC-PINK:AMSSY Swiss:AMS

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Written by asiafreshnews

April 29, 2016 at 4:25 pm

Posted in Uncategorized

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