Diebold Nixdorf, Incorporated: Release according to Article 30e of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
/ pressreleaseMedia Relations Investor Relations Mike Jacobsen, APR Steve Virostek +1-330-490-3796 +1-330-490-6319
FOR IMMEDIATE RELEASE: May 23, 2017
DIEBOLD NIXDORF PREVAILS IN PATENT INFRINGEMENT CASE AGAINST NAUTILUS HYOSUNG International Trade Commission prohibits import of Hyosung ATMs with infringing technology
NORTH CANTON, Ohio - Diebold Nixdorf, Incorporated (NYSE: DBD) today announced that the International Trade Commission (ITC) has issued a final ruling in favor of Diebold Nixdorf in its patent infringement case against Korea-based Nautilus Hyosung. The ruling bars Hyosung from importing or installing a significant number of bank and retail grade automated teller machines (ATMs) in the United States because those products infringe Diebold's patents. The patents are just two examples of the leading edge technology that differentiates Diebold from its competitors in the marketplace. One patent relates to the innovative design which allows for a more compact footprint and ease of service of Diebold's ATMs. The other patent relates to Diebold's movable MICR-head, which reads checks processed through an ATM with a high degree of accuracy and security and represents a key component of deposit automation technology in the United States. After a full evidentiary hearing, the administrative law judge found that there is 'strong circumstantial evidence that Hyosung had knowledge of Diebold's patented technology, copied it, and encouraged its customers to use it in an infringing way.' Several Nautilus Hyosung bank and retail grade ATMs are affected by this exclusion order, including the following: Halo II series; MX 5600 series; MX 5200 series; MX 7600 series; MX 7800 series; MX 8200 series; MX 8700 series and the MX 8800 series. 'This ruling confirms that Hyosung violated U.S. law by importing and selling products that infringe our patented technology,' said Jonathan Leiken, senior vice president, chief legal officer and corporate secretary for Diebold Nixdorf. 'Hyosung is now barred from importing the infringing technology into the United States and their days of copying Diebold innovations are over.' In addition, Diebold Nixdorf will continue to pursue its claim for damages against Hyosung before a jury in the U.S. District Court for the Northern District of Ohio, based on Hyosung's infringement of Diebold's U.S. technology.
About Diebold Nixdorf
Diebold Nixdorf, Incorporated (NYSE:DBD) is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world's top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an 'always on' and changing consumer landscape. Diebold Nixdorf has a presence in more than 130 countries with approximately 24,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol 'DBD'. Visit www.DieboldNixdorf.com for more information.
23.05.2017 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English
Company: Diebold Nixdorf, Incorporated 5995 Mayfair Road 44720 North Canton, OH
United States Internet: www.diebold.com End of News DGAP News Service