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InvenSense® Announces Stay Motion Court Win in Patent Litigation Brought by ST Microelectronics


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-03-06 22:07:08 -

SUNNYVALE, Calif., March 6, 2013 - InvenSense, Inc. (NYSE: INVN), the leading
provider of MotionTracking((TM)) devices, today announced that it won its motion
to stay the patent litigation action brought by ST Microelectronics (ST)
(NYSE:STM) in the Northern District of California due to progress in separate
proceedings with the United States Patent Office (USPTO) challenging the
validity of all of ST's asserted patents.

All of ST's claims asserted in this litigation initiated by ST are now subject
to USPTO reexamination proceedings. The USPTO has already determined that
substantial questions of patentability exist for seven of the nine patents
asserted by ST, and USPTO office actions have already issued for four of the
patent reexamination requests. The USPTO has rejected all of ST's asserted
claims in those office actions. In view of 
the pending reexaminations, the United States District Court for the Northern California agreed with InvenSense that it is unnecessary to currently proceed with the litigation initiated by ST and has granted InvenSense's motion to stay the litigation. Historically, InvenSense developed the first integrated dual-axis MEMS gyroscope for consumer electronics applications, and by 2006, its novel applications in consumer electronics products created very significant customer demand for similar products.  ST did not enter the consumer MEMS gyroscope market until 2008, when it tried to catch up to InvenSense and target the growing consumer electronics market.  ST did not develop a two-axis gyroscope for this market until 2009 and its three-axis gyroscope, at issue in this litigation, until 2010.  InvenSense continues to innovate sensor technology with the first integrated six-axis gyroscope and accelerometer products introduced in 2011. On May 16, 2012, despite entering the market for consumer MEMS gyroscopes years after InvenSense, ST initiated a lawsuit against InvenSense alleging that InvenSense's leading MEMS solutions infringes nine of ST's patents. Shortly thereafter, InvenSense filed requests for reexamination of each of the nine patents-in-suit with the USPTO based on substantial new questions of patentability related to the claims of the patents-in-suit. According to the court's order, the case is stayed until the United States Patent Office completes its reexamination process and ST has completed any appeals of the Patent Offices findings, at which time the parties are to provide the court with a status report on the re-examination. InvenSense believes the reexamination process in the USPTO is an important and useful step particularly when companies initiate litigation based upon patent claims that are invalid because of prior art that has not been disclosed or considered by the USPTO. Management Qualitative Comments "We are very pleased with this decision," said Alan Krock, vice-president and Chief Financial Officer of InvenSense.  "The decision provides necessary time for the United States Patent Office to fully reevaluate ST's patents.  Based upon our work and actual USPTO rulings in this case to date, we expect ST's patents to be found invalid under the USPTO reexamination proceedings." About InvenSense InvenSense Inc. (NYSE: INVN) is the world's leading provider of MotionTracking((TM)) solutions for consumer electronic devices. The company's patented NF Platform and patent-pending MotionFusion((TM)) technology address the emerging needs of many mass-market consumer applications via improved performance, accuracy, and intuitive motion- and gesture-based interfaces. InvenSense technology can be found in consumer electronic products including smartphones, tablets, gaming devices, optical image stabilization, and remote controls for Smart TVs. The company's MotionTracking products are also being integrated into a number of industrial applications. InvenSense is headquartered in Sunnyvale, California and has offices in China, Taiwan, Korea, Japan, and Dubai. More information can be found at www.invensense.com. ©2013 InvenSense, Inc. All rights reserved. InvenSense, MotionTracking, MotionProcessing, MotionProcessor, MotionFusion, MotionApps, DMP, and the InvenSense logo are trademarks of InvenSense, Inc. Other company and product names may be trademarks of the respective companies with which they are associated. # # # For Investor Inquiries, Contact: Alan Krock Chief Financial Officer InvenSense, Inc. ir@invensense.com For Press Inquiries, Contact: David Almoslino Director Marketing and Communications InvenSense, Inc. 408.988.7339 x 285 pr@invensense.com This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: InvenSense, Inc. via Thomson Reuters ONE [HUG#1683555]


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