Axis subject of patent infringement action in the U.S. together with more than 20 other companies
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Axis' wholly owned North American subsidiary Axis Communications Inc. has become the subject of a litigation process together with 27 other companies in a U.S. court. The patent infringement claim has been initiated by Compression Labs Inc regarding an alleged infringement of a US patent related to digital image compression.
"We're too early in the process to make further comments on this issue. However, discussions around patents are an ongoing subject in our line of business. We will provide further information about this situation if necessary," said Ray Mauritsson, CEO of Axis Communications.
For further information, please contact:
Anne Rhenman, Director Investor Relations and Corporate Communications Phone: + 46 708 90 18 29, E-mail: email@example.com
About Axis Axis increases the value of network solutions. The company is an innovative market leader in network video and print servers. Axis' products and solutions are focused on applications such as security, surveillance, remote monitoring and document management. The products are based on in-house developed chip technology, which is also sold to third parties.
Axis was founded in 1984 and is listed on the Stockholmsbörsen (XSSE: AXIS). Axis operates globally with offices in 14 countries and in cooperation with distributors, system integrators and OEM partners in 70 countries. Markets outside Sweden account for more than 95% of sales. Information about Axis can be found at www.axis.com.