PCI-PAL PLC Patent Case Update (8561R)
10 Noviembre 2021 - 01:00AM
UK Regulatory
TIDMPCIP
RNS Number : 8561R
PCI-PAL PLC
10 November 2021
PCI-PAL PLC
("PCI Pal", "the Company" or "the Group")
Patent Case Update
PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure
payment solutions for business communications, provides an update
on the on-going lawsuit filed by its competitor in the UK and US in
September 2021.
As notified on 16 September 2021, one of PCI Pal's competitors,
the US private equity owned, UK company, Semafone Limited,
commenced litigation proceedings against the Company in the UK and
the US for alleged patent infringement, which relates to one aspect
of how one of the Company's products functions. As previously
stated, PCI Pal strongly refutes these claims.
PCI Pal has this week filed its UK defence and counterclaim to
the UK Court in response to the claims, and has summarised two
headline points from this filing below:
1. PCI Pal does not infringe the patents as claimed by Semafone;
2. The patent is invalid. It lacks novelty and inventive step over the prior art(1) ;
PCI Pal believes that the filing shows a strong defence and, in
addition to non-infringement, has provided the Court with
information on prior art and invalidity arguments. The Court will
assess these points and Semafone's arguments and opine
accordingly.
In the US, PCI Pal has also started the defence of the claims
being made.
In the last week, PCI Pal has made an application to the US
Court for it to invalidate the Semafone US patents under section
101 of the US Patent Act. The Company believes those patents are
overly abstract and thus do not qualify for patentable subject
matter under the US patent laws. PCI Pal has made this application
to ensure it does not spend significant time and resources on
further defence points, based around non-infringement and prior art
based invalidity, before having the eligibility of the patents
reviewed by the US Court. PCI Pal expects to understand the Court's
position on this motion in the next few months.
PCI Pal is well funded, with no debt, and given the continued
strong trading announced today is in a good position to deal with
these allegations. The Group will be reporting costs associated
with its defence of these allegations as exceptional items in its
accounts.
PCI Pal is working with its well-established team of advisors to
work towards an outcome that it believes will best benefit the
Company, whilst at the same time focusing on delivering its
strategic growth plans based on the established momentum within the
Group.
Given the nature of the claims being made against PCI Pal, it is
limited in the information it can provide on the case, but the
Board will endeavour to keep investors updated as appropriate.
(1) Section 2(1) of the Patents Act 1977 Act states that an
invention shall be taken to be new if it does not form part of the
state of the art. Section 2(2) then goes on to define the state of
the art as to be taken to comprise all matter (whether a product, a
process, information about either, or anything else) which has at
any time before the priority date of the invention been made
available to the public (whether in the UK or elsewhere) by written
or oral description, by use or in any other way. This is generally
known as "prior art".
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
PCIPAL@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/
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