SHANGHAI, Aug. 27,
2024 /PRNewswire/ -- Xiao-I Corporation ("Xiao-I" or
the "Company") (NASDAQ: AIXI), a leading artificial intelligence
company, today provided an update on its VIE's ongoing patent
infringement lawsuit against Apple (as defined below). The lawsuit
centers on the alleged infringement on Chinese
invention patent ZL200410053749.9 owned by Shanghai Xiao-i
Robot Technology Co., Ltd. ("Shanghai Xiao-i"). As a holding
company incorporated in the Cayman
Islands with no material operations of its own, Xiao-I
conducts a substantial majority of its operations through Shanghai
Xiao-i, a variable interest entity (the "VIE"), in China.
On August 3, 2020, Shanghai Xiao-i
filed a lawsuit with the Shanghai High People's Court (the
"Shanghai High Court") in China,
against Apple Computer Trading (Shanghai) Co., Ltd., Apple, Inc., and Apple
Computer Trading (Shanghai) Co.,
Ltd. (together and collectively, "Apple"), demanding that Apple
cease its infringement of Shanghai Xiao-i's intelligent assistant
patent (ZL200410053749.9 invention patent) by its Siri (intelligent
assistant) (the "Patent Infringement Case"). On August 27, 2020, the Shanghai High Court formally
accepted the Patent Infringement Case filed by Shanghai Xiao-i
against Apple. On September 4, 2021,
Shanghai Xiao-i filed a behavior preservation application
(injunction) with the Shanghai High Court, demanding Apple to
immediately stop the patent infringement involving Siri, including
but not limited to stopping the production, selling, offering to
sell, importing or using of iPhone products that infringe Shanghai
Xiao-i's patent. On February 3, 2023,
Apple filed a lawsuit against Shanghai Xiao-i with the Shanghai
High Court, requesting (i) confirmation that the iPhone SE, iPhone
12, and iPhone 13 series products equipped with Siri (the "products
in question") do not infringe on the patent rights of
ZL200410053749.9 invention patent, and (ii) Shanghai Xiao-i to
compensate the plaintiff for reasonable expenses. On January 29, 2024, the Shanghai High Court decided
to merge the above two cases for trial (the "Patent Infringement
Case Trial").
On March 27, 2023, the Beijing
Intellectual Property Court notified that Apple Computer Trading
(Shanghai) Co., Ltd. had filed a
patent administrative lawsuit against the defendant China National
Intellectual Property Administration and the third person, Shanghai
Xiao-i, regarding the 58271 and 58272 Review Decision of Request
for Invalidation. On June 28, 2024,
the Beijing Intellectual Property Court ruled against Apple,
upholding the validity of Shanghai Xiao-i's patent. This ruling
validated Shanghai Xiao-i's intellectual property and paved the way
for the subsequent trial.
On July 31, 2024, the Shanghai
High Court officially concluded the Patent Infringement Case Trial,
and Shanghai Xiao-i is now awaiting the verdict.
About Xiao-I Corporation
Xiao-I Corporation is a leading cognitive intelligence
enterprise in China that offers a
diverse range of business solutions and services in artificial
intelligence, covering natural language processing, voice and image
recognition, machine learning, and affective computing. Since its
inception in 2001, the Company has developed an extensive portfolio
of cognitive intelligence technologies that are highly
suitable and have been applied to a wide variety of business cases.
Xiao-I powers its cognitive intelligence products and services
with its cutting-edge, proprietary AI technologies to enable
and promote industrial digitization, intelligent upgrading, and
transformation. For more information, please visit:
www.xiaoi.com.
Forward-Looking Statements
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's ability to achieve its goals and
strategies, the Company's future business development and plans for
future business development, including its financial conditions and
results of operations, product and service demand and acceptance,
reputation and brand, the impact of competition and pricing,
changes in technology, government regulations, fluctuations in
general economic and business conditions in China, and assumptions underlying or related
to any of the foregoing and other risks contained in reports filed
by the Company with the U.S. Securities and Exchange Commission
("SEC"). For these reasons, among others, investors are cautioned
not to place undue reliance upon any forward-looking statements in
this press release. Additional factors are discussed in the
Company's filings with the SEC, including under the section
entitled "Risk Factors" in its annual report on Form 20-F filed
with the SEC on April 30, 2024, as
well as its current reports on Form 6-K and other filings, all of
which are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof.
For investor and media inquiries, please contact:
Ms.
Berry Xia
Email: ir@xiaoi.com
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SOURCE Xiao-I Corporation