Powerwave Technologies, Inc. Files Lawsuit Against Microelectronics Technology, Inc. For Patent Infringement
Powerwave Technologies, Inc. (NASDAQ:PWAV), a global supplier of
end-to-end solutions for wireless communications networks, today
announced that it has filed a patent infringement lawsuit against
Powerwave Technologies, Inc. (NASDAQ:PWAV), a global supplier of end-to-end solutions for wireless communications networks, today announced that it has filed a patent infringement lawsuit against Microelectronics Technology, Inc and MTI Laboratory Inc. (collectively MTI) in the United States District Court for the Central District of California, Southern Division. The suit alleges that MTI is infringing US Patent 6,818,477 entitled “Method of Mounting a Component in an Edge Plated Hole Formed in a Printed Circuit Board.” The suit further alleges that MTI is making, using, selling, offering for sale and/or importing communications products such as Remote Radio Heads which contain circuit boards that embody the inventions claimed in US Patent 6,818,477 owned by Powerwave Technologies. “Powerwave was a pioneer in the development of Remote Radio Heads for commercial wireless networks and has been a leading supplier of Remote Radio Heads having sold thousands and thousands globally,” said Ronald Buschur, Powerwave’s Chief Executive Officer. “We have established ourselves as a leader in developing innovative technology for advanced wireless networks, and have invested considerable intellectual and monetary resources to bring this technology to market. We are committed to defending our intellectual property rights to protect our investments in various advanced technologies.” Company Background Powerwave Technologies, Inc., is a global supplier of end-to-end wireless solutions for wireless communications networks. Powerwave designs, manufactures and markets a comprehensive suite of wireless solutions, including antennas, base station products and advanced coverage solutions, utilized in all major wireless network protocols and frequencies, including Next Generation Networks in 4G technology, such as LTE and WiMAX. Corporate headquarters are located at 1801 E. St. Andrew Place, Santa Ana, Calif. 92705. For more information on Powerwave’s advanced wireless coverage and capacity solutions, please call (888)-PWR-WAVE (797-9283) or visit our web site at www.powerwave.com. Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
Shares of Powerwave Technologies (Nasdaq:PWAV) were gapping down Friday morning with an open price 30.2% lower than Thursday's closing price. The stock closed at $2.15 yesterday and opened today's trading at $1.50.
Shares of Powerwave Technologies (Nasdaq:PWAV) were gapping down Wednesday morning with an open price 18.5% lower than Tuesday's closing price. The stock closed at $1.57 yesterday and opened today's trading at $1.28.