Patent Infringement | "Augme Files Patent Infringement Suit Against Competitor Velti USA, Inc."

By: Press Release
Source: http://www.businessreviewusa.com 
Category: Patent Infringement

NEW YORK, NY--(Marketwire - Mar 12, 2012) - Augme Technologies, Inc. (OTCBB: AUGT), ("Augme^®") ("the Company"), a leader in interactive media marketing that provides the only patented end-to-end mobile marketing platform, today announced that it has filed a patent infringement lawsuit in the United States District Court of Delaware against Velti USA, Inc., (NASDAQ: VELT) (the "Defendant"), a global provider of mobile marketing and advertising technology and solutions.

Augme is asserting three causes of action involving patent infringement related to Augme-ownedUnited States Patent No. 7,783,721 ("Method and Code Module for Adding Function to a Web Page"),United States Patent No. 7,269,636 ("Method and Code Module For Adding Function to a Web Page") and United States Patent No. 6,594,691 ("Method and System for Adding Function to a Web Page"). Augme seeks injunctive relief to prevent Defendant from continuing to infringe Augme's patents. In addition, Augme seeks a recovery of monetary damages resulting from Defendant's past infringement of these patents and all legal fees associated with this patent enforcement effort.

"Augme is fully committed to protecting the intellectual property rights provided by its growing patent portfolio," said Paul Arena, Chief Executive Officer of Augme Technologies, Inc. "We are taking this action on behalf of our shareholders to protect Augme's market-leading mobile marketing business from unfair practices by a direct competitor, and we expect to win damages, to be granted an injunction, and to be awarded legal fees."

Augme's Complaint alleges that it has suffered irreparable harm as a result of the alleged infringement and thus seeks a permanent injunction against Velti USA, Inc. The requested injunction would prevent Velti USA, Inc. from manufacturing, using, offering for sale, selling and/or importing into the United States of infringing products, methods, processes, services and/or systems that are primarily used or primarily adapted for use in an electronic or computer network system for targeting content via a Web browser. The Defendant's activities have been identified as infringing Augme's '721, '636 and/or '691 Patents, or otherwise inducing or contributing to the alleged infringement.

Source:http://www.businessreviewusa.com/press_releases/augme-files-patent-infringement-suit-against-competitor-velti-usa-inc