AUSTIN, TX, Oct 31, 2005 (MARKET WIRE via COMTEX News Network) -- Forgent Networks (NASDAQ: FORG) along with its wholly owned subsidiary, Compression Labs, Inc. ("CLI"), today announced that it has concluded a Patent License Agreement ("Agreement") with Electronics For Imaging, Inc. ("EFI") (NASDAQ: EFII) covering Forgent's data compression technology embodied in U.S. Patent No. 4,698,672 (the '672 Patent). EFI is the world leader in digital imaging and print management solutions for commercial and enterprise printing. Other terms of the Agreement were not disclosed.
Forgent has pending litigation against approximately 40 companies for infringement of the '672 Patent in the United States District Court for the Northern District of California. Following the filing of the litigation, six companies that were defendants have entered into license agreements.
Since its inception over three years ago, Forgent's intellectual property program has generated more than $100 million in revenues primarily from licensing the '672 Patent to more than 40 different companies in Asia, Europe and the United States. The '672 Patent relates to digital image compression used in digital still image devices that compress, store, manipulate, print or transmit digital still images such as digital cameras, personal digital assistants, cellular telephones, printers, scanners, and certain software applications. The company's patent portfolio includes the combined inventions of Compression Labs, Inc., VTEL Corporation, and Forgent Networks, Inc.
Forgent Networks (NASDAQ: FORG) develops and licenses intellectual property and provides scheduling software to a wide variety of customers. Forgent's intellectual property licensing program is related to communication technologies developed from a diverse and growing patent portfolio. Forgent's software division, NetSimplicity provides a spectrum of scheduling software that enables all sizes of organizations to streamline the scheduling of people, places and things. For additional information please visit www.forgent.com.
SOURCE: Forgent Networks