RE:loading up 01 Communique Laboratory Inc. (ONE:TSX-V) today announced results for its third quarter fiscal 2015, which ended July 31, 2015. The loss and comprehensive loss for the third quarter 2015 was $345,956 (2014 - $629,744). The adjusted loss, which excludes non-cash expenses for stock-based compensation and depreciation, for the quarter was $297,216 (2014 - $353,469). The Company completed the quarter with $841,437 of cash and cash equivalents.
"Our main goal for the remainder of this year is to prepare for our patent lawsuit trial against Citrix, scheduled to commence January 8, 2016," said Andrew Cheung, President and CEO for 01 Communique. "Our results reflect our emphasis on this aspect of our business. With respect to the case, on May 18, 2015 we received the inter partes re-examination certificate from the USPTO bringing that part to a successful conclusion and on June 12, 2015 we received the Court's claim construction ruling adopting our construction for the four disputed claim terms. We look forward to our day in court."
An update on the Company's patent lawsuit against Citrix Systems Inc. ("Citrix") follows.
The Company is protecting its intellectual property against Citrix's GoToMyPC product offering. The Company is seeking damages based upon a reasonable royalty, back to August 2005 the date the patent was issued, for infringement, as well as pre and post judgment interest on awarded damages; treble damages for willful infringement, and attorneys' fees. An overview of recent events and timelines to get to trial follows.
The inter partes re-examination. On October 16, 2014 the United States Court of Appeal for the Federal Circuit rendered their decision affirming the United States Patent and Trademark Office's ("USPTO") Patent Trial and Appeals Board decision that the Company's patent 6,928,479 (" '479 Patent") is valid and then issued their mandate to the USPTO to issue a re-examination certificate. On May 18, 2015 the USPTO issued that inter partes re-examination certificate.
The Markman Order. On June 12, 2015 the Court issued its claim construction order and memorandum ruling on the meaning of four disputed claim terms, adopting the Company's proposed construction for all four claim terms. The Court also agreed with the Company that the preamble to claim 24 of the '479 Patent was not limiting and hence concluded that it was not necessary to construe two additional claim terms contained in the preamble.
The timetable. Expert discovery was completed on February 27, 2015. A trial is scheduled to commence January 8, 2016. A summary judgment motion schedule is as follows:
01 Communique Laboratory Inc. (ONE:TSX-V) today announced results for its third quarter fiscal 2015, which ended July 31, 2015. The loss and comprehensive loss for the third quarter 2015 was $345,956 (2014 - $629,744). The adjusted loss, which excludes non-cash expenses for stock-based compensation and depreciation, for the quarter was $297,216 (2014 - $353,469). The Company completed the quarter with $841,437 of cash and cash equivalents.
"Our main goal for the remainder of this year is to prepare for our patent lawsuit trial against Citrix, scheduled to commence January 8, 2016," said Andrew Cheung, President and CEO for 01 Communique. "Our results reflect our emphasis on this aspect of our business. With respect to the case, on May 18, 2015 we received the inter partes re-examination certificate from the USPTO bringing that part to a successful conclusion and on June 12, 2015 we received the Court's claim construction ruling adopting our construction for the four disputed claim terms. We look forward to our day in court."
An update on the Company's patent lawsuit against Citrix Systems Inc. ("Citrix") follows.
The Company is protecting its intellectual property against Citrix's GoToMyPC product offering. The Company is seeking damages based upon a reasonable royalty, back to August 2005 the date the patent was issued, for infringement, as well as pre and post judgment interest on awarded damages; treble damages for willful infringement, and attorneys' fees. An overview of recent events and timelines to get to trial follows.
The inter partes re-examination. On October 16, 2014 the United States Court of Appeal for the Federal Circuit rendered their decision affirming the United States Patent and Trademark Office's ("USPTO") Patent Trial and Appeals Board decision that the Company's patent 6,928,479 (" '479 Patent") is valid and then issued their mandate to the USPTO to issue a re-examination certificate. On May 18, 2015 the USPTO issued that inter partes re-examination certificate.
The Markman Order. On June 12, 2015 the Court issued its claim construction order and memorandum ruling on the meaning of four disputed claim terms, adopting the Company's proposed construction for all four claim terms. The Court also agreed with the Company that the preamble to claim 24 of the '479 Patent was not limiting and hence concluded that it was not necessary to construe two additional claim terms contained in the preamble.
The timetable. Expert discovery was completed on February 27, 2015. A trial is scheduled to commence January 8, 2016. A summary judgment motion schedule is as follows:
-- Opening briefs were filed July 27, 2015.
01 Communique Laboratory Inc. (ONE:TSX-V) today announced results for its third quarter fiscal 2015, which ended July 31, 2015. The loss and comprehensive loss for the third quarter 2015 was $345,956 (2014 - $629,744). The adjusted loss, which excludes non-cash expenses for stock-based compensation and depreciation, for the quarter was $297,216 (2014 - $353,469). The Company completed the quarter with $841,437 of cash and cash equivalents.
"Our main goal for the remainder of this year is to prepare for our patent lawsuit trial against Citrix, scheduled to commence January 8, 2016," said Andrew Cheung, President and CEO for 01 Communique. "Our results reflect our emphasis on this aspect of our business. With respect to the case, on May 18, 2015 we received the inter partes re-examination certificate from the USPTO bringing that part to a successful conclusion and on June 12, 2015 we received the Court's claim construction ruling adopting our construction for the four disputed claim terms. We look forward to our day in court."
An update on the Company's patent lawsuit against Citrix Systems Inc. ("Citrix") follows.
The Company is protecting its intellectual property against Citrix's GoToMyPC product offering. The Company is seeking damages based upon a reasonable royalty, back to August 2005 the date the patent was issued, for infringement, as well as pre and post judgment interest on awarded damages; treble damages for willful infringement, and attorneys' fees. An overview of recent events and timelines to get to trial follows.
The inter partes re-examination. On October 16, 2014 the United States Court of Appeal for the Federal Circuit rendered their decision affirming the United States Patent and Trademark Office's ("USPTO") Patent Trial and Appeals Board decision that the Company's patent 6,928,479 (" '479 Patent") is valid and then issued their mandate to the USPTO to issue a re-examination certificate. On May 18, 2015 the USPTO issued that inter partes re-examination certificate.
The Markman Order. On June 12, 2015 the Court issued its claim construction order and memorandum ruling on the meaning of four disputed claim terms, adopting the Company's proposed construction for all four claim terms. The Court also agreed with the Company that the preamble to claim 24 of the '479 Patent was not limiting and hence concluded that it was not necessary to construe two additional claim terms contained in the preamble.
The timetable. Expert discovery was completed on February 27, 2015. A trial is scheduled to commence January 8, 2016. A summary judgment motion schedule is as follows:
-- Opening briefs were filed July 27, 2015.