Message #2 From:
NewsBot Date: November 28, 2006 06:15:00 AM
HDVY News Health Discovery Corporation Obtains Consent Judgment in Patent Lawsuit against Equbits LLC
SAVANNAH, Ga.--(BUSINESS WIRE)--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.
