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Last Post: 7/22/2016 8:22:18 PM - Followers: 4 - Board type: Free - Posts Today: 0

Speedus Files Patent Suits Against Verizon Wireless
Friday May 12, 10:29 am ET


NEW YORK, May 12 /PRNewswire-FirstCall/ -- Speedus Corp. (Nasdaq: SPDE - News) 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 - News) and Vodafone (NYSE and LSE: VOD - News News). 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.
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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 phodge@speedus.com.

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.




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Source: Speedus Corp.
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#34   Good luck... jobynimble 07/22/16 08:22:18 PM
#33   Real nice trading this ticker last few weeks, ThoroughBread 07/22/16 05:16:26 PM
#32   SPDE rising weekly now .04 x .05, looks ThoroughBread 07/21/16 03:59:27 PM
#31   SPDE .0021 volume-watch http://www.profitspi.com/stock/view.aspx?v=price-and-cha SuperC 12/12/12 07:55:16 PM
#30   1,200 3mo. avg vol. momentum858 09/21/12 08:54:42 PM
#29   Zargis Signs Agreement to Provide Ontario Telemedicine Network jobynimble 09/10/10 08:38:26 AM
#28   Zargis will also be demonstrating its newly introduced CHA$E 05/14/10 04:54:48 AM
#27   Auscultate with Confidenceā„¢ Stock 05/13/10 06:06:49 PM
#26   http://www.zargis.com/index-1.php jobynimble 05/13/10 05:56:23 PM
#25   50 cent words there man Stock 05/13/10 05:48:55 PM
#24   http://ih.advfn.com/p.php?pid=nmona&article=42802250&symbol=SPDE STAMFORD, Conn., May 13 jobynimble 05/13/10 05:45:17 PM
#23   That's a big move. What was the news? Stock 05/13/10 04:34:14 PM
#22   Density Dynamics Launches JetX10 Acceleration Appliance; Extreme-Performance Wit jobynimble 01/12/10 09:27:53 AM
#21   Zargis Cardioscan(TM) Featured on The Early Show on CBS jobynimble 11/24/09 03:20:20 PM
#20   Thank you... jobynimble 11/12/09 10:10:30 AM
#19   great job holding on Stock 11/12/09 10:09:21 AM
#18   Yes, SPDE a long termer for me, fwiw... jobynimble 11/12/09 10:08:04 AM
#17   Yes, SPDE a long termer for me, fwiw... jobynimble 11/12/09 10:08:04 AM
#16   another big move Stock 11/12/09 10:05:42 AM
#15   Zargis Cleared as Apple iPhone Developer; Medical Applications jobynimble 10/21/09 11:36:39 AM
#14   more news. Buzznbrewz 09/29/09 11:11:02 AM
#13   Missed the boat here already. Buzznbrewz 09/28/09 05:15:03 PM
#12   Thank you... jobynimble 09/17/09 10:07:44 AM
#11   Congrats jo. cantgetmyname 09/17/09 10:02:20 AM
#10   Density Dynamics Develops Distribution; Signs International Rep Agreement jobynimble 09/11/09 08:41:57 AM
#9   SPDE/MMM jobynimble 08/25/09 08:28:03 AM
#8   Quantitative Advantages of Next Generation RamFlash Design Released jobynimble 08/11/09 08:32:27 AM
#7   what I got from the article and I mikestock69 08/09/09 04:35:31 PM
#6   The claims are some very bold statements by maddogs 08/09/09 11:04:23 AM
#5   Can anybody with a solid tech background, provide rlwinvestor 08/07/09 01:26:10 PM
#4   no joke! Stock 08/07/09 12:10:42 PM
#3   TO DA MOON! LOL cantgetmyname 08/07/09 11:26:59 AM
#2   big move today Stock 08/07/09 10:36:32 AM
#1   ready for a bounce back?? cosmoworld7 05/04/09 10:44:37 PM
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