Corning and Picvue Settle Lawsuit Regarding Misappropriation of Proprietary Information
20 Outubro 2005 - 1:33PM
Business Wire
Corning Incorporated (NYSE: GLW) and Picvue Electronics, Ltd.
announced today that they have amicably resolved the lawsuit
between the parties relating to alleged trade secret
misappropriation and copyright infringement. The employees of
Picvue responsible for such action are no longer with the company.
The investigation being led by the U.S. Attorney's Office has
resulted in an arrest in Kentucky. The suspect is believed to have
participated in the misappropriation of materials containing
proprietary information about Corning's process for manufacturing
the company's glass substrates used in making active matrix liquid
crystal displays (LCDs). As part of the settlement, Picvue has
agreed to respect Corning's proprietary rights in fusion draw
technology for manufacturing flat panel display glass and fairly
compensate Corning for any past wrongdoing. The terms of the
settlement are confidential. In addition, Picvue is cooperating
with the U.S. Attorney for the Western District of New York in an
ongoing investigation of any criminal misconduct. "Corning is
pleased to have this dispute with Picvue resolved in a manner by
which those responsible for the criminal actions will be brought to
justice," said James P. Clappin, president, Corning Display
Technologies. "Corning considers its intellectual property rights
critical and it will always move accordingly to protect our
shareholders' investment. We will not let others misappropriate our
intellectual property." Through its Display Technologies business,
Corning manufactures two glass substrate compositions, Corning 1737
and EAGLE2000(TM) glass, which is currently the worldwide industry
standard for active matrix LCD. Over the last few years, Corning
has been investing to expand capacity to keep pace with the growing
LCD industry. The company has continued to expand its Tainan,
Taiwan manufacturing facility that it opened in 2001 and is
currently constructing its second facility on the island in
Taichung, which is expected to begin production later this year.
Through its Display Technologies business, Corning manufactures two
glass substrate compositions, Corning 1737 and EAGLE2000(TM) glass,
which is currently the worldwide industry standard for active
matrix LCD. Over the last few years, Corning has been investing to
expand capacity to keep pace with the growing LCD industry. The
company has continued to expand its Tainan, Taiwan manufacturing
facility that it opened in 2001 and is currently constructing its
second facility on the island in Taichung, which is expected to
begin production later this year. About Corning Incorporated
Corning Incorporated (www.corning.com) is a diversified technology
company that concentrates its efforts on high-impact growth
opportunities. Corning combines its expertise in specialty glass,
ceramic materials, polymers and the manipulation of the properties
of light, with strong process and manufacturing capabilities to
develop, engineer and commercialize significant innovative products
for the telecommunications, flat panel display, environmental,
semiconductor, and life sciences industries. About Picvue
Electronics, Ltd. Picvue is a high tech company that specializes in
research, development, design, manufacturing and after sales
services for components used in display devices such as TV, laptop
and mobile phone. Picvue had been, until year 2000, the major
Taiwanese CRT glass supplier since the 70s. It is the pioneer of
Taiwan LCD industry and a main supplier to the global LCD market.
Its flat sheet display glass research was started in the mid 90s
and is now ready to supply to the TFT-LCD market.
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