WATERLOO, Feb. 18, 2016 /CNW/ - Sandvine Corporation, (TSX:SVC) a leading provider of intelligent network policy control solutions for fixed and mobile operators, today announced that a patent infringement claim against Sandvine Corporation and its wholly owned subsidiary Sandvine Incorporated ULC was filed on February 17, 2016 in the United States District Court for the Eastern District of Texas by Packet Intelligence LLC (PIL). Damages have not been specified.
Sandvine is not aware of PIL creating products of any kind and its sole business appears to be the enforcement of patent rights. Sandvine did not receive any prior notice of this claim and has yet to receive any communication from PIL.
"We respect the value of intellectual property and have created a portfolio of 27 issued patents over the last 15 years, which are put to use daily to improve the Internet experience for network operators and their subscribers," said Dave Caputo, President, Chief Executive Officer and Co-founder, Sandvine. "We are confident in our technology and the value it will continue to bring to our customers. We will be investigating the claim and defending it appropriately."
Sandvine has a proud history of innovation and has been one of the Top 100 Corporate Research and Development Spenders in Canada for several years. Infonetics named Sandvine the market share leader in its most recent bi-annual review of Service Provider Deep Packet Inspection Products, in October 2015.
Sandvine's network policy control solutions add intelligence to fixed, mobile and converged communications service provider networks to enable services that can increase revenue and reduce network costs. Powered by Sandvine's Policy Engine and SandScript policy language, Sandvine's networking equipment performs end-to-end policy control functions including traffic classification, and policy decision and enforcement across the data, control and business planes. Sandvine's products provide actionable business insight, the ability to deploy new subscriber services and tools to optimize traffic while enhancing subscriber Internet quality of experience.
Sandvine's network policy control solutions are deployed in more than 250 networks in over 90 countries, serving hundreds of millions of data subscribers worldwide, www.sandvine.com.
Certain statements in this release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements") and are made pursuant to the "safe harbour" provisions of such laws. Statements related to Sandvine's technology and the value it will continue to bring to its customers, and Sandvine's investigation and defence of the patent infringement claim by PIL, are forward looking statements, as are any statements relating to future events, conditions or circumstances. Readers are cautioned not to place undue reliance upon any such forward-looking statements. Such forward-looking statements involve both known and unknown risks and uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of Sandvine to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. These risks, uncertainties and assumptions include, without limitation, risks associated with continued market acceptance of Sandvine's products; the introduction of competing products that better meet the needs of customers or changing industry standards; Sandvine's rights to its intellectual property; the possibility that Sandvine's products infringe the intellectual property rights of third parties; the potential exposure of Sandvine to a judgment for damages, royalties and injunctive relief precluding the sale or licensing of Sandvine's products that materially affect Sandvine's business, operating results and financial condition; and other factors including, but not limited to, the factors and assumptions discussed in the section entitled "Risk Factors" in Sandvine's Annual Information Form dated January 7, 2016 filed with the Ontario Securities Commission and other securities commissions across Canada. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions, and Sandvine does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change, except to the extent required by applicable law.
For further information: INVESTOR CONTACT: Rick Wadsworth, Sandvine, +1 519 880 2400 ext. 3503, firstname.lastname@example.org; MEDIA CONTACT, Dan Deeth, Sandvine, +1 519 880 2232, email@example.com