ROCHESTER, N.Y., Oct. 9, 2014 /PRNewswire/ -- The Markman Hearing for the patent infringement suit by DSS Technology Management, a wholly owned subsidiary of Document Security Systems, Inc. (DSS) (NYSE MKT: DSS), against Taiwan Semiconductor Manufacturing Company, Ltd. (TSMC) has been set for March 2, 2015 by the United States District Court, Eastern District of Texas.
"The Markman Hearing is a critical step in our suit against TSMC as it addresses the language and interpretation of DSS patents that are at issue in this case," noted DSS CEO Jeff Ronaldi. "Such hearings typically provide an indication as to which side is likely to prevail at trial, and so this usually creates a greater willingness of the parties to settle."
Over the last 18 months, DSS has focused its IP acquisitions on hardware patents that align with its technology roadmaps, which support its operating divisions, product innovations and licensing programs. Within its hardware vertical, DSS has recently reached other important milestones, including the scheduling of a Markman Hearing on November 6, 2014 for its dispute with Apple and May 14, 2015 for its dispute with Lenovo.
DSS's patent portfolio includes more than 120 U.S. patents across three verticals: brand protection, software & internet, and hardware, as well as more than 30 patents pending. Within these verticals, DSS has a total of seven different active IP licensing programs. These programs have generated five active disputes with nine leading technology companies.
"Despite the changes that have occurred in the IP landscape in 2014, we remain confident in our unique business model and long-term growth strategy," added Ronaldi. "We anticipate additional IP acquisitions to diversify our portfolio as we take advantage of this unprecedented buyer's market for IP assets."
A complete list of the company's active disputes is listed on the DSS website. Further information regarding patent litigation involving DSS investments is available to the public at the PACER website.
The company plans to discuss its intellectual property enforcement activity and outlook, as well as provide an update on commercializing its print and digital authentication technologies during its third quarter conference call in November.
About Document Security Systems
Document Security Systems, Inc.'s (NYSE MKT: DSS) products and solutions are used by governments, corporations and financial institutions to defeat fraud and to protect brands and digital information from the expanding world-wide counterfeiting problem. DSS technologies help ensure the authenticity of both digital and physical financial instruments, identification documents, sensitive publications, brand packaging and websites.
DSS invests in research and development to meet the ever-changing security needs of its clients and offers licensing of its patented technologies through its subsidiary, DSS Technology Management, Inc.
For more information on the AuthentiGuard Suite, please visit www.AuthentiGuard.com. For more information on DSS and its subsidiaries, please visit www.DSSsecure.com. To follow DSS on Facebook, click here.
Forward-looking statements that may be contained in this press release, including, without limitation, statements related to the Company's plans, strategies, objectives, expectations, potential value, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act and contain words such as "believes," "anticipates," "expects," "plans," "intends" and similar words and phrases. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results projected in any forward-looking statement. In addition to the factors specifically noted in the forward-looking statements, other important factors, risks and uncertainties that could result in those differences include, but are not limited to, those disclosed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2013, filed with the Securities and Exchange Commission. Forward-looking statements that may be contained in this press release are being made as of the date of its release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Document Security Systems
SOURCE Document Security Systems, Inc.