CAMARILLO, Calif., Dec. 22, 2010 (GLOBE NEWSWIRE) -- Power-One Inc (Nasdaq:PWER), a leading provider of renewable energy and energy-efficient power conversion and power management solutions, announced that the jury has reached its verdict in SynQor v. Artesyn Technologies, Inc., et al. In 2007, SynQor filed a lawsuit in the United States District Court for the Eastern District of Texas, alleging that eleven defendants, including Power-One, infringed upon certain SynQor patents related to unregulated and semi-regulated bus converters and/or point of load (POL) converters used in intermediate bus architecture power supply systems. SynQor asserted 10 claims in 5 patents at trial, but withdrew its willfulness claims and its request for treble damages prior to trial.
The jury found that certain products of the defendants directly and/or indirectly infringe the SynQor patents. The Power-One products accused of infringing the SynQor patents involve only two product families with total annual worldwide revenue of approximately $7 million, and primarily impact only one customer. The jury awarded damages of approximately $25.6 million against Power‑One.
The patents were issued in the United States in 2006 and only cover infringing sales in the United States. While the verdict solely affects Power-One's Power Solutions business, it is not expected to materially impact this business line. Power-One's Renewable Energy Solutions business is not affected by this verdict.
Power-One and other defendants believe that they have strong grounds for appeal.
For more information on the legal proceedings, please see Power-One's SEC filings at:
Power-One designs and manufactures energy-efficient power conversion and power management solutions, including inverters for alternative/renewable energy (solar and wind) and products for routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications. Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is a public company listed on NASDAQ under the ticker symbol PWER. For more information about the Company, please visit .
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CONTACT: Power-One, Inc. For Investors: Kevin Trosian, Vice President, Finance and Investor Relations 805-987-8741 Edelman for Power-One For Press: Jon Murchinson 415-486-3274 Jon.Murchinson@edelman.com