Cognex Corporation (NASDAQ: CGNX) announced today that a U.S. District Court jury has decided in favor of Cognex in the company’s patent infringement lawsuit against both Microscan Systems, Inc. and Microscan's development and manufacturing partner, The Code Corporation. The lawsuit filed by Cognex alleged that Microscan’s Mobile Hawk handheld imager infringed U.S. Patent No. 7,874,487, held by Cognex.
The jury’s verdict found that Microscan willfully infringed the patent and awarded Cognex its lost profits. The case was tried in United States District Court for the Southern District of New York before U.S. District Judge, the Honorable Jed S. Rakoff.
“We are very gratified by the jury’s decision in this case,” said Robert J. Willett, Chief Executive Officer of Cognex. “Cognex has invested significant resources to develop proprietary and innovative ID code-reading technology. On behalf of the Cognex engineering teams that developed this technology and the many customers around the world who purchase our products because of their innovations, we want to thank the jury for its decision.”
About Cognex CorporationCognex Corporation designs, develops, manufactures and markets a range of products that incorporate sophisticated machine vision technology that gives them the ability to “see.” Cognex products include barcode readers, machine vision sensors and machine vision systems that are used in factories, warehouses and distribution centers around the world to guide, gauge, inspect, identify and assure the quality of items during the manufacturing and distribution process. Cognex is the world's leader in the machine vision industry, having shipped more than 975,000 vision-based products, representing over $4 billion in cumulative revenue, since the company's founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has regional offices and distributors located throughout North America, Japan, Europe, Asia and Latin America. For details visit Cognex online at http://www.cognex.com.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV