SPDE Speedus Corp (CE)

Speedus Wins Technology Settlement NEW YORK, Feb. 11 /PRNewswire-FirstCall/ -- Speedus Corp. today announced that its wholly-owned subsidiary, CellularVision Technology & Telecommunications, L.P., received approximately $12.1 million, after expenses, from a former international licensee in settlement of litigation that CT&T instituted in May 2001. CT&T, together with Broadband Patents LLC, another wholly-owned subsidiary of Speedus, owns six fundamental patents on fixed broadband wireless communications systems: U.S. Patent 5,983,078, U.S. Patent 5,668,610, U.S. Patent 5,949,793, U.S. Patent 4,747,160, U.S. Patent 5,594,937 and U.S. Patent 6,438,359B1. Speedus also has a number of conforming patents in foreign countries. About Speedus Corp. Speedus Corp. is a holding company that owns significant equity interests in diverse businesses. Additional information on Speedus Corp. and its services is available at http://www.speedus.com/ or by calling 718.567.4358. 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: John Kallassy of Speedus Corp., +1-718-567-4358, Web site: http://www.speedus.com/

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