Image Processing Technologies and Canon Settle Patent Lawsuit

Canon Obtains License Under Patent Portfolio of Image Processing Technologies LLC

Suffern, N.Y. — May 22, 2013 — Image Processing Technologies LLC (Image Processing) announced today that it has settled its patent infringement litigation with Canon Inc. and Canon U.S.A., Inc. Image Processing is a subsidiary of General Patent Corporation (GPC), the leading intellectual property boutique focusing on patent licensing and enforcement.

Image Processing sued Canon Inc. and Canon U.S.A., Inc. in the District Court for the Eastern District of New York in 2010 (CV 10–3867). The trial was scheduled to begin on April 15. The parties have resolved protracted litigation concerning Image Processing’s U.S. Patent No. 6,959,293 and reached an amicable settlement. Canon has taken a license under Image Processing’s patents, but other terms and conditions of the settlement are confidential.

“We are delighted to reach a settlement and to license Canon under the Image Processing patents,” says Alexander Poltorak, Chairman and CEO of General Patent Corporation.

About General Patent Corporation

General Patent Corporation, headquartered in Suffern, N.Y., is a leading intellectual property boutique focusing on patent licensing and enforcement. GPC is the managing member of Image Processing Technologies LLC. General Patent represents inventors, businesses, universities and other patent owners in patent licensing and assertion matters. GPC is the oldest patent enforcement firm in the U.S. and the rest of the world. For more information, visit www.generalpatent.com.