TIDMPCIP
RNS Number : 3752Q
PCI-PAL PLC
28 June 2022
PCI-PAL PLC
("PCI Pal", "the Company" or "the Group")
Update on Patent Infringement Claims
PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure
payment solutions for business communications, provides an update
on the unfounded patent infringement claims made by a
competitor.
As previously announced, in the first step in its defence and
counterclaims associated to the U.S. aspects of the case, the
Company had filed a motion to dismiss the case based on the
argument that the U.S. patents of Sycurio Limited (a
UK-headquartered company formerly known as Semafone) were invalid
because they are too abstract to be patentable (an "Alice
Motion").
Contrary to representations made by Sycurio last week, both in
trade press and on social media, that the Court rejected PCI Pal's
assertions regarding invalidity of the patents, the Court in fact
determined that PCI Pal had made "strong arguments" regarding
invalidity, but that it could not make a final ruling on invalidity
at this early stage of the case and that the record needed to be
further developed before such a ruling. With a U.S. court date not
expected until mid-2024, the Board believes it likely that it will
resubmit the Alice Motion, as well as other invalidity arguments,
at a later date once claim construction is further advanced.
The Board is encouraged by a number of statements made by the
Court in its ruling. As a result, the Board believes, even at this
very early stage of the U.S. litigation process, that the validity
of Sycurio's patents is in serious doubt given PCI Pal also has
strong invalidity arguments based on prior art.
Examples of statements from the Court's ruling that have helped
strengthen the Board's view on its arguments that Sycurio's U.S.
Patents are invalid include:
-- "The Court finds that Defendant (PCI Pal) does raise strong
arguments that Plaintiff's patents may be invalid, but the Court
cannot reach that conclusion-and effectively declare Plaintiff's
patents invalid-on the strength of the evidence and arguments
before it, while drawing all factual inferences in Plaintiff's
favor (as the Court must on this procedural posture). Claim
construction and further development of a factual record is
needed."
-- "While Defendant raises strong arguments that Plaintiff only
purports to patent the idea of a phone system that blocks sensitive
information rather than specifically disclosing how to do so, as
the patents must do to be valid under Alice, the Court cannot reach
this conclusion (and rule that Plaintiff's patents are invalid) on
the current record and drawing all factual inferences in
Plaintiff's favor (as it must on this procedural posture). Because
the patents contain technical subject matter, the Court is unable
to effectively evaluate them on their face alone. Claim
construction and further development of the record is needed."
Based on these statements and others, the Board is confident in
continuing to vigorously pursue its multi-faceted strategy across a
strong defence on non-infringement, as well as a number of
counterclaims to invalidate Sycurio's patents.
Commenting, James Barham, Chief Executive Officer, said:
"As the fastest growing company in our market, and recently
ranked as the 56(th) fastest growing company in the U.K. by Oresa
Growth Index, the current financial year has seen the Company
continue to make strong progress despite these unfounded claims of
patent infringement. Whilst the claims have been an unwelcome
distraction, it has not stopped the Company from continuing to
deliver against its strategy and demonstrating excellent
growth.
"PCI Pal was the first in the market to launch globally
available, cloud-based secure payment services for business
communications. PCI Pal's patented technology was reviewed only
very recently by the U.S. IPO against Sycurio's patents and it was
found to be innovative and novel over them.
"We are encouraged by the U.S. Court's findings during the Alice
motion process regarding the strength of our arguments around
Sycurio's patents being invalid, and we will continue to robustly
defend our position against the claims being made against us.
"We will continue to use all the routes available to us to bring
this matter to a close, and are confident in our position on both
the defence of the claims made and on the counterclaims we are
making."
For further information, please contact:
PCI-PAL PLC Via Walbrook PR
James Barham - Chief Executive
Officer
William Good - Chief Financial
Officer
finnCap (Nominated Adviser and
Broker) +44 (0) 20 7227 0500
Marc Milmo/Simon Hicks (Corporate
Finance)
Richard Chambers (Corporate Broking)
Walbrook PR +44 (0) 20 7933 8780
Tom Cooper/Nick Rome +44 (0) 797 122 1972
P CIPAL@walbrookpr.com
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/
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCPPUUGQUPPPUM
(END) Dow Jones Newswires
June 28, 2022 02:00 ET (06:00 GMT)
Pci-pal (LSE:PCIP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Pci-pal (LSE:PCIP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024