Speedus Files Patent Suits Against Verizon Wireless
May 12 2006 - 11:29AM
PR Newswire (US)
NEW YORK, May 12 /PRNewswire-FirstCall/ -- Speedus Corp.
(NASDAQ:SPDE) announced today that its unit CellularVision
Technology & Telecommunications, L.P. (CT&T) filed suits on
May 11 against Cellco Partnership (d/b/a Verizon Wireless). Verizon
Wireless is a joint venture of Verizon Communications (NYSE:VZ) and
Vodafone (NYSE and LSE: VOD). The suits address technologies now
used by Verizon to transmit television to wireless users over
cellular networks and the simultaneous transmission of analog and
digital signals within the same bandwidth. Speedus pioneered
wireless broadband and cellular transmission of television. A
Verizon Communications unit invested in and managed a wireless unit
of Speedus Corp. in 1993. "We are astonished by Verizon's
infringement here," said Shant Hovnanian, CEO and Chairman of
Speedus, "since our past relationship with Verizon shows their full
knowledge of our intellectual property holdings. We are asking
Verizon to cease and desist from these infringements in their
network services." Two separate complaints were filed in United
States District Court in the Southern District of Florida, in which
Speedus asserts Verizon Wireless is infringing two Speedus patents.
U.S. Patent No. 5,949,793, "Transmission of Digital and Analog
Signals in the Same Band," covers cellular transmissions using
simultaneous analog and digital technology in the same bandwidth,
which Verizon is infringing in its operation of Cellular phone
systems nationwide. U.S. Patent No. 4,747,160, "Low Power
Multi-Function Cellular Television System," covers the use of
cellular systems to deliver television signals, which is also
infringed by Verizon. About Speedus Corp. Speedus is a pioneer in
wireless broadband, owning both wireless spectrum and a portfolio
of broadband IP. Speedus also holds controlling interests in Zargis
Medical Corp. and F&B Gudtfood Holdings, Inc. Additional
information on Speedus Corp. and its services may be obtained at
http://www.speedus.com/ or by contacting Peter Hodge at
888-773-3669 (ext. 23) or . Statements contained herein that are
not historical facts, including but not limited to statements about
the Company's product, corporate identity and focus, may be
forward-looking statements that are subject to a variety of risks
and uncertainties. There are a number of important factors that
could cause actual results to differ materially from those
expressed in any forward- looking statements made by the Company,
including, but not limited to, the continuing development of the
Company's sales, marketing and support efforts. DATASOURCE: Speedus
Corp. CONTACT: Peter Hodge, of Speedus Corp., 1-888-773-3669 ext.
23, Web site: http://www.speedus.com/
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