U.S. Markets closed

Diebold Nixdorf Successfully Defeats Retaliatory Claims; Continues Pursuit Of Patent Infringement Case Against Korea-Based Nautilus Hyosung

NORTH CANTON, Ohio, March 16, 2017 /PRNewswire/ -- Diebold Nixdorf, Incorporated (DBD) today announced that it has successfully defeated three of four retaliatory patent infringement claims brought by Nautilus Hyosung and will appeal a preliminary ruling on the fourth claim, issued March 13, 2017, of an alleged technical violation of a Hyosung U.S. patent involving legacy Wincor technology. Hyosung filed the claims in response to Diebold Nixdorf's patent infringement case against the Korean company.

"Although we are petitioning the International Trade Commission (ITC) to review the March 13 initial determination, it has no bearing on existing products in the market or future products provided by Diebold Nixdorf," said Jonathan Leiken, senior vice president, chief legal officer and corporate secretary, Diebold Nixdorf. "This claim is nothing more than an attempt by Hyosung to distract from our patent infringement case against them. In that case, we are confident that the ruling in our favor against Hyosung will be upheld and that the technology infringing on our patents will be barred from entering the United States."

In November 2016, after a full evidentiary hearing, an administrative law judge in the ITC found that Hyosung infringes two Diebold patents and concluded that there is "strong circumstantial evidence that Hyosung had knowledge of Diebold's patented technology, copied it, and encouraged its customers to use it in an infringing way."

The ITC has already rejected Hyosung's appeal of the prior ruling that Hyosung infringes Diebold's patented movable MICR-head technology, and Hyosung's current deposit automation ATMs will be excluded from the market. The innovative MICR technology reads checks processed through an ATM with a high degree of accuracy and security and represents a key component of deposit automation in the United States. Once the ITC finalizes the ruling, which is expected within weeks, it would bar the import of the infringing technology by Hyosung into the United States. 

Diebold Nixdorf will also continue to pursue its claim for damages against Hyosung before a jury in the U.S. District Court for the Northern District of Ohio, based on Hyosung's past infringement of Diebold's U.S. technology.

About Diebold Nixdorf

Diebold Nixdorf, Incorporated (DBD) is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world's top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an 'always on' and changing consumer landscape. 

Diebold Nixdorf has a presence in more than 130 countries with approximately 25,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol 'DBD'. Visit www.DieboldNixdorf.com for more information.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/diebold-nixdorf-successfully-defeats-retaliatory-claims-continues-pursuit-of-patent-infringement-case-against-korea-based-nautilus-hyosung-300425207.html