Market Overview

On Track Innovations Files Patent Infringement Lawsuits Against AT&T and Verizon

Related OTIV
8 Stocks Getting Hit By Bitcoin's Regulatory Woes
12 Stocks Getting Crushed By Bitcoin's Rout

On Track Innovations Ltd. (oti) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, announced that it filed earlier today patent infringement lawsuits against mobile carriers AT&T and Verizon Wireless (Cases No. 1:15-cv-07698 S.D.N.Y. and 1:15-cv-07699 S.D.N.Y.). The lawsuits allege infringement of oti's U.S. Patent No. 6,045,043 ("the '043 patent"), based on AT&T and Verizon's offering for sale and/or sale of NFC phones for use with an advanced SIM card compliant with certain industry standards. AT&T and Verizon have not yet filed a response to oti's claims.

"The '043 patent is an essential part of oti's extensive intellectual property portfolio of NFC solutions," said the company's CEO, Shlomi Cohen. "The lawsuits against AT&T and Verizon mark another important step in the implementation of our strategy to defend our innovations and maximize the value of our intellectual property."

Posted-In: News Legal Press Releases


Related Articles (OTIV)

View Comments and Join the Discussion!