CPVD DD During the last 2 decades (CPVD) applied successfully for several patents and maintained in 1985 from CompuSonics Corporation, Inc. inherited patents with diligence. CPVD owns valid and expired patents in the U.S. and other number of countries. CPVD believes, that CPVD the Company's patents still represent an important and valuable asset, even the expired patents, because the limitation period for patent infringement litigation is 6 years after the patent holder becomes aware of an infringement. In the past CPVD the company hadn't sufficient resources to pursue potentially infringements in an appropriate manner.
During the last years the U.S. jurisprudence acclaimed increasingly the value and justification of intellectual property. This development seems important for the Company in its willingness to protect the rights of the Company's shareholders. In the past the Company wasn't successful to obtain sufficient capital for claiming its intellectual property against the powerful companies, which may have infringed upon the rights of CPVD. The increasing acceptance of intellectual property as an asset and the willingness of the jurisprudence and courts to protect these rights are changing the situation for CPVD. Consequently an increasing number of lawyer firms is willing now to cooperate on a provision basis. CPVD believes that its video data compression is valuable, possibly comparable with compression formats like JPEG. The management and Board of Directors is prepared and willing to cooperate in 2005 with experienced partners and lawyer firms to enforce the rights of its shareholders.
CPVD considers the following owned and maintained patents as important for the shareholder value:
U.S. PATENT No. 4,472,743 AUDIO DIGITAL RECORDING AND PLAYBACK SYSTEM
U.S. PATENT No. 4,636,876 AUDIO DIGITAL RECORDING AND PLAYBACK SYSTEM
U.S. PATENT No. 4,682,248 AUDIO DIGITAL RECORDING AND PLAYBACK SYSTEM
CANADIAN PATENT No. 1,237,520 AUDIO DIGITAL RECORDING AND PLAYBACK SYSTEM
UK PATENT No. 0140957 AUDIO DIGITAL RECORDING AND PLAYBACK SYSTEM
JAPAN PATENT No. 2053230 AUDIO DIGITAL RECORDING AND PLAYBACK SYSTEM
GERMAN PATENT No. DE3486044 AUDIO DIGITAL RECORDING AND PLAYBACK SYSTEM
FRENCH PATENT No. 0140957 AUDIO DIGITAL RECORDING AND PLAYBACK SYSTEM
EUROPEAN PATENT No. EPO 140957A1 AUDIO DIGITAL RECORDING AND PLAYBACK SYSTEM (originally designated to: AT BE CH DE FR GB LI LU NL SE )
U.S. PATENT No. 4,682,248 AUDIO AND VIDEO DIGITAL RECORDING AND PLAYBACK SYSTEM
U.S. PATENT No. 4,755,889 AUDIO AND VIDEO DIGITAL RECORDING AND PLAYBACK SYSTEM
CANADIAN PATENT No. 518,409 AUDIO DIGITAL RECORDING AND PLAYBACK SYSTEM
JAPAN PATENT No. 2596420 AUDIO AND VIDEO DIGITAL RECORDING AND PLAYBACK SYSTEM
EUROPEAN PATENT No. EPO 237561A4 AUDIO DIGITAL RECORDING AND PLAYBACK SYSTEM (originally designated to: AT BE CH DE FR GB LI LU NL SE )
those warrants are extended each time. There must be a reason for that
Effective December 30, 2011 the Board of Directors of CompuSonics Video Corporation (the "Registrant") is extending the expiration date of the Class A Warrants and the related underlying Class B Warrants (represented by the Class A Warrants) from 5:00 p.m. Mountain Time December 31, 2011 to 5:00 p.m. Mountain Time to June 30, 2012. The exercise prices and conditions of exercising these Warrants of both Class A and Class B, and all the Registrant's rights (including making a redemption of the Class A Warrants, if desired), all remain the same as spelled out in the Prospectus of November 27, 1985, with the sole exception that the exercise time period has been extended as stated in this resolution.
Lyon and a group of investors assembled by entrepreneur and merger and acquisition expert Thomas W Itin, then formed the Interceptor Corporation to develop and market the 400 turbine engine version, the Interceptor 400 aircraft.
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