Equbits to Cease Use of HDC’s Patented SVM Technology
SAVANNAH, Ga.- LAWFUEL – Law News, Law Jobs Network –Health Discovery Corporation (“HDC”) (OTCBB:HDVY) today announced that it has concluded its patent infringement lawsuit against Equbits LLC. HDC filed its initial action on June 26, 2006, alleging that Equbits had infringed three HDC patents, which relate to systems and/or methods for enhancing knowledge from data using its Support Vector Machine technology. The final consent judgment provides for a permanent injunction barring Equbits from any future use or sale of products utilizing HDC’s patented SVM technology.
“HDC is determined to protect its valuable intellectual property. This judgment strengthens our licensing posture in the marketplace and sets the appropriate tone for our future enforcement efforts,” stated Stephen D. Barnhill, M.D., HDC’s Chairman and CEO.
Savannah-based Health Discovery Corporation (OTC Bulletin Board: HDVY) is uniquely positioned in the field of pattern recognition technology. Through the application of its patent protected technology, HDC is a biology-oriented biomarker discovery company providing all aspects of First-Phase Biomarker Discoverysm. The Company’s SVM and other pattern recognition tools have significant application potential in other sizable commercial markets such as radiology, Internet search and spam, homeland security, financial futures, and other areas where analysis of large volumes of complex data is required.
This news release contains “forward-looking statements” within the meaning of Section 27a of the Securities Acts of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the management team of HDC believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.