SANTA CLARA, Calif., Aug. 28 /PRNewswire-FirstCall/ -- Advanced Analogic Technologies, Inc. ("AnalogicTech" or the "Company") , a developer of power management semiconductors for mobile consumer electronic devices, today announced that the United States Court of Appeals for the Federal Circuit affirmed a favorable ruling previously obtained by the United States International Trade Commission (ITC) for its charge pump product line.
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In its ruling, the United States Court of Appeals for the Federal Circuit affirmed the ITC's determination that U.S. Patent No. 6,411,531 ('531 Patent) owned by Linear Technology Corporation (Linear) is invalid over the prior art. The ruling left untouched the ITC's findings of non-infringement and lack of domestic industry.
"We are very pleased to see the favorable ruling to AnalogicTech by the U.S. Court of Appeals," stated Richard K. Williams, President, CTO and CEO of AnalogicTech. "The affirmation of patent invalidity combined with the earlier holdings of non-infringement and lack of domestic industry vindicates our long-held belief that our products do not infringe these intellectual property rights of Linear Technology. This ruling underscores the fundamental beliefs in and respect for intellectual property that our Company was founded upon."
AnalogicTech's lawsuit against Linear in U.S. Federal Court for business interference, trade libel, patent misuse, and unfair business practices is currently stayed. AnalogicTech believes that its position in this federal case, which involves the same '531 Patent, is enhanced by today's favorable ruling.
About AnalogicTech
Advanced Analogic Technologies, Inc. (AnalogicTech) is a supplier of Total Power Management(TM) semiconductor solutions for mobile consumer electronic devices, such as wireless handsets, notebook and tablet computers, smartphones, digital cameras, wireless LAN, and personal media players. The company focuses its design and marketing efforts on the application-specific power management needs of consumer, communications, and computing applications in these rapidly evolving devices. AnalogicTech also develops and licenses device, process, package, and application-related technology. AnalogicTech is headquartered in Santa Clara, California and Macau, S.A.R., with offices in China (Beijing, Shanghai and Shenzhen), Hong Kong, Taiwan, Japan, South Korea, Sweden, France and United Kingdom, as well as a worldwide network of sales representatives and distributors. The company is listed on the NASDAQ exchange under the ticker symbol AATI. For more information, please visit the AnalogicTech website: http://www.analogictech.com/. (AnalogicTech - F)
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
Statements contained in this release that are not historical facts are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including financial projections and forecasts, involve risks and uncertainties that could cause AnalogicTech's actual results to differ materially from our current expectations. Factors that could cause AnalogicTech's results to differ materially from those set forth in these forward-looking statements include customers' cancellation or modification of their orders; our failure to accurately forecast demand for our products; the loss of, or a significant reduction in orders from, any of our significant customers; consumer demand for cellular phones and other mobile consumer electronic devices; worldwide economic and political conditions, particularly in Asia; our ability to manage inventory levels, fluctuations in our operating results; our inability to develop and sell new products; defects in or failures of our products; the expense and uncertainty involved in our customer design-win efforts; the financial viability of the distributors of our products; fluctuations in our costs to manufacture our products; our reliance on third parties to manufacture, test, assemble and ship our products; our ability to retain and attract key personnel; our ability to compete with our competitors; and our ability to protect our intellectual property rights and not infringe the intellectual property rights of others. Other factors that may cause our actual results to differ from those set forth in the forward-looking statements contained in this press release and that may affect our prospects in general are described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2007. AnalogicTech undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or changed assumptions or circumstances.
AnalogicTech and the AnalogicTech logo are trademarks of Advanced Analogic Technologies, Inc. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders.
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