PCI-PAL PLC Total Victory for PCI Pal in UK High Court (5839N)
25 Septiembre 2023 - 11:29AM
UK Regulatory
TIDMPCIP
RNS Number : 5839N
PCI-PAL PLC
25 September 2023
PCI-PAL PLC
25 September 2023
PCI-PAL PLC
("PCI Pal", "the Company" or "the Group")
Total Victory for PCI Pal in UK High Court Patent Case
Proceedings
PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure
payment solutions for business communications, is pleased to
announce that it has comprehensively defeated the unfounded patent
infringement suit brought by its competitor Sycurio Limited
("Sycurio") at the UK High Court.
Judgment was handed down after close of business today and will
be available to read when the court publishes it online at
https://www.judiciary.uk/judgments/ .
Mrs Justice Bacon held that Sycurio's patent was invalid due to
obviousness from two sources of prior art. Furthermore, Mrs Justice
Bacon decided that even if the patent had been valid, PCI Pal's
Agent Assist solution did not infringe the patent.
The Company intends to make a further update to investors in the
coming days. This will include an update as to the expected timing
of the release of the Company's annual accounts for FY23 which, as
previously announced, have been delayed as a result of their
proximity to the UK High Court's ruling.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the company's obligations under Article 17 of MAR.
For further information, please contact:
PCI-PAL PLC Via Walbrook PR
James Barham - Chief Executive Officer
William Good - Chief Financial Officer
Cavendish Capital Markets Limited (Nominated +44 (0) 20 7227
Adviser and Broker) 0500
Marc Milmo/Simon Hicks/Fergus Sullivan (Corporate
Finance)
Sunila de Silva (Corporate Broking)
+44 (0) 20 7933
Walbrook PR 8780
+44 (0) 797 122
Tom Cooper/Nick Rome 1972
P CIPAL@walbrookpr.com
The Group's Nominated Adviser and Broker, finnCap Ltd, has now
changed its name to Cavendish Capital Markets Ltd following
completion of its own corporate merger.
About PCI Pal:
PCI Pal is a leading provider of Software-as-a-Service ("SaaS")
solutions that empower companies to take payments from their
customers securely, adhere to strict industry governance, and
remove their business from the significant risks posed by
non-compliance and data loss. Our products secure payments and data
in any business communications environment including voice, chat,
social, email, and contact centre. We are integrated to, and resold
by, some of the worlds' leading business communications vendors, as
well as major payment service providers.
The entirety of our product-base is available from our global
cloud platform hosted in Amazon Web Services ("AWS"), with regional
instances across EMEA, North America, and ANZ.
For more information visit www.pcipal.com or follow the team on
Linkedin: https://www.linkedin.com/company/pci-pal/
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END
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September 25, 2023 12:29 ET (16:29 GMT)
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