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Federal District Judge Finds DVD6C License Agreement With Citron Electronics Co. Ltd. (Citron), Chinese DVD Products Manufacturer, Terminated and Citron Liable for Breach

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Federal District Judge Finds DVD6C License Agreement With Citron Electronics Co. Ltd. (Citron), Chinese DVD Products Manufacturer, Terminated and Citron Liable for Breach

Tokyo, Japan

Toshiba Corporation, on behalf of the DVD6C Licensing Group (DVD6C) consisting of eight leading developers of DVD technology and formats -- Hitachi, Ltd., Matsushita Electric Industrial Co., Ltd., Mitsubishi Electric Corporation, Sanyo Electric Co., Ltd., Sharp Corporation, Toshiba Corporation, Victor Company of Japan, Ltd. (JVC) and Warner Home Video, Inc. -- today announced that it has won a legal victory against former licensee Citron Electronics Co., Ltd., a supplier to CyberHome Entertainment, Inc.

Judge Lawrence McKenna of the United States District Court for the Southern District of New York entered a judgment against Citron that the DVD6C Patent License Agreement with Citron was lawfully terminated and that Citron is liable to Toshiba for breach of contract for at least US$9.5 million. Toshiba terminated the DVD6C Patent License Agreement with Citron after Citron failed to fulfill its material obligations of royalty reporting and/or royalty payment under the License Agreement. Judge McKenna also ordered further proceedings to determine additional liability of Citron to Toshiba. Toshiba intends to seek a judgment for all damages owed by Citron.

It is cautioned that the sale, offering for sale, use, importation or other disposal of DVD products of Citron may constitute infringement of patent rights in countries where essential patents of DVD6C members have been issued or registered.

Toshiba will continue to diligently enforce Toshiba's patent rights against any and all infringers.

CONTACT: Toshiba Corporation Keisuke Ohmori +81-03-3457-2105 Corporate Communications Office http://www.toshiba.co.jp/about/press/index.htm

CONTACT: Toshiba Corporation Keisuke Ohmori +81-03-3457-2105 Corporate Communications Office http://www.toshiba.co.jp/about/press/index.htm, ,

Source: Business Wire (Business Wire India)


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