RealD Responds to Claims by Volfoni
Global 3D and visual technology company RealD Inc. (NYSE: RLD) has issued a
statement to correct misinformation and to clarify misrepresentations made in
a press release regarding the RealD XL Cinema System intellectual property
rights and RealD's decision to dismiss the U.S. patent lawsuit against Volfoni
in the United States District Court for the Central District of California.
RealD made the decision to dismiss the U.S. patent lawsuit against Volfoni
without prejudice only after Volfoni made specific representations and
warranties that it had not sold or distributed, and is not selling or
distributing, the Smart Diamond Crystal product in the United States which
RealD believes infringes its US patents. In the event Volfoni's
representations are false or Volfoni begins selling the Smart Diamond Crystal
product or any modified version of that product in the United States, RealD
has reserved the right to continue the suit against Volfoni in the same court,
at the company's discretion.
RealD maintains an extensive patent portfolio connected to its XL Cinema
System product line in numerous international markets, including the United
States, Europe, China, Japan, S. Korea, Australia, Brazil, Canada, India,
Mexico and Russia, and intends to vigorously enforce its international
intellectual property rights for all RealD products in order to stop copying
and unlicensed use of its inventions by others.
With intellectual property dating back to 2006, the RealD XL Cinema System was
introduced in 2008 and today is the world's most widely used 3D cinema
projection technology with more than 15,000 units installed around the world.
The XL Cinema System delivers twice the light efficiency of any other 3D
cinema projection technology, and as a result, it provides a superior
projected 3D image at a lower operating cost.
The world's most widely used 3D cinema technology, RealD 3D is installed in
approximately 25,200 auditoriums by approximately 1,000 exhibitors in 74
countries around the world.
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