Network-1 Technologies Announces That The U.S. Court of Appeals Has Overturned A Judgment Of Non-Infringement Of The Company's Patent

Network-1 Technologies, Inc. (NYSE:NTIP), a company specializing in the development, licensing and protection of its intellectual property assets, today announced that the U.S. Court of Appeals for the Federal Circuit overturned the judgment of non-infringement of Network-1's Patent No. 8,205,237 (the "'237 Patent") of the U.S. District Court for the Southern District of New York in its litigation with Google and YouTube for a certain implementations of Google's Content ID system. The Federal Circuit also affirmed the District Court's judgment that (i) certain other claims in other asserted patents were invalid and (ii) a previous implementation of Content ID does not infringe the claims of the '237 Patent.

The Federal Circuit has remanded the case to the District Court for further proceedings on the infringement case against Content ID involving the '237 Patent.

"We have been litigating this case for over 10 years and look forward to finally getting to a jury on the issues of Google's infringement of the '237 Patent, commented Corey M. Horowitz, Chairman and CEO of Network-1. "The technologies invented by Dr. Ingemar Cox and further developed by Network-1 have contributed to the success of Content ID, and we believe our claim against Google and YouTube involves significant damages", he added.