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UPDATE: Smartflash Wins $532.9 Million Patent Infringement Verdict Against Apple

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A jury in the U.S. District Court
for the Eastern District of Texas has awarded Tyler, Texas-based Smartflash
LLC a $532.9 million verdict after finding that technology giant Apple Inc.
(NASDAQ: AAPL) infringed a series of Smartflash patents in order to produce
and sell Apple's popular iTunes software.

The trial focused on three Smartflash patents covering devices and methods for
storing data and providing access to that data through electronic payment
systems. Smartflash claimed that Apple used the three patents – U.S. Patent
No. 7,334,720; No. 8,118,221; and No. 8,336,772 – without permission in iTunes
software. The jury found that Apple's infringement was willful.

Smartflash was represented by lead counsel from Dallas' Caldwell Cassady &
Curry, including attorneys Bradley Caldwell, Jason Cassady and J. Austin
Curry. Co-counsel for Smartflash included attorneys Johnny Ward, Claire
Abernathy Henry, Wesley Hill and T. John Ward of Longview, Texas-based Ward &
Smith. Mr. Caldwell presented opening arguments on behalf of Smartflash and
conducted the closing arguments with Johnny Ward.

In addition to awarding a sizable verdict, jurors also found all three
contested Smartflash patents to be valid. The verdict represents a small
percentage of the $18 billion in iTunes sales reported by Apple last year
alone. The case is Smartflash LLC, et al. v. Apple Inc., No. 6:13-CV-447.

Dallas-based Caldwell Cassady & Curry is a firm of trial lawyers who focus on
high-stakes litigation. The firm's practice is concentrated on patent
infringement and commercial litigation. Attorneys at Caldwell Cassady & Curry
have won some of the most substantial verdicts in the nation during the past
decade against several of the world's largest companies.

Longview, Texas-based Ward & Smith, has tried more than 350 cases to verdict,
earning a national reputation in high-stakes claims involving complex
commercial litigation, intellectual property law, oil and gas matters, bad
faith insurance claims, and serious personal injury claims. The firm
frequently assists lawyers nationwide in complex cases before Texas juries.

For more information on the Smartflash verdict, please contact Bruce Vincent
at 800-559-4534 or bruce@androvett.com.

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