The ITC had previously ruled that certain controllers and products containing those controllers infringed Genesis Microchip's U.S. Patent No.
5,739,867 and issued an Exclusion Order preventing the infringing products from entry into the United States. While the terms of the license agreement are confidential, they include a license of certain Genesis Microchip patents to MStar in exchange for undisclosed running royalties. This license allows MStar to ship the infringing products into the United States.
We have entered into this license agreement with MStar to foster an environment of fair competition and to support our continual goal of protecting Genesis Microchip's significant investment in its intellectual property, said Elie Antoun, president and CEO of Genesis Microchip. We appreciate Genesis Microchip's cooperation in settling this matter which provides a stable market environment for our customers, said Wayne Liang, chairman of MStar. MStar Semiconductor, Inc.
is a professional IC design house, and is dedicated in providing mixed-mode integrated circuit technologies. By combining semiconductor design expertise and advanced proprietary technologies, MStar delivers a broad line of products: multimedia, wireless communication ICs, and general-purpose mixed-mode ICs. For more information please visit Genesis Microchip Inc.
(Nasdaq:GNSS) is a leading provider of image processing systems enabling superior picture quality in flat-panel TVs and a variety of consumer and PC-display products. Featuring Genesis Display Perfection(R) technologies and Emmy award-winning Faroudja(R) video technologies, Genesis system-on-a-chip solutions are used worldwide by display manufacturers to produce visibly better images across a broad array of devices including flat-panel displays, digital TVs, projectors, A/V receivers and DVD players/recorders. The Genesis technology portfolio features analog and mixed signal system-on-a-chip design, DCDi(R) by Faroudja deinterlacing, TrueLife(TM) video enhancement, IntelliComb(TM) video decoding and includes over 185 patents.
Founded in 1987, Genesis supports its leading brand-name customers with offices in the U.S., Canada, India, Europe, Taiwan, South Korea, China, Japan and Singapore.
For more information about Genesis Microchip Inc. or Genesis Display Perfection technologies, please visit www.gnss.
com. Note to Editors: Genesis, Genesis Display Perfection, Faroudja, DCDi by Faroudja, TrueLife and IntelliComb are trademarks or registered trademarks of Genesis Microchip Inc. All other trademarks are the property of their respective owners.
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