Scanner Technologies Corporation (OTCBB:SCNI) announced today that the United States Court of Appeals for the Federal Circuit has ordered a stay of a supplemental judgment entered by the United States District Court for the Southern District of New York, on November 6, 2007.
The supplemental judgment awarded ICOS Vision Systems Corporation N.V. $3.4 million in fees and costs in a patent infringement suit initiated by Scanner Technologies in July of 2000. Scanner filed an emergency motion with the Court of Appeals on November 7, 2007.
The Court of Appeals’ order stated: “To obtain a stay, pending appeal, a movant must establish a strong likelihood of success on the merits or, failing that, nonetheless demonstrate a substantial case on the merits provided that the harm factors militate in its favor” and “Based upon our review of the parties’ submissions, and without prejudicing the ultimate determination of this case by a merits panel, we determine that Scanner Tech has shown that a stay, pending appeal, is warranted.”
About Scanner Technologies Corporation:
Scanner is a New Mexico corporation that invents, develops and markets vision inspection products that are used in the semiconductor industry for the inspection of integrated circuits. Scanner's headquarters are located in Minneapolis, Minnesota and has a manufacturing facility in Tempe, Arizona. Scanner's stock is traded on the Over-The-Counter Bulletin Board under the symbol “SCNI.” For more information please visit www.scannertech.com.
Scanner Technologies Corporation
Elwin Beaty, 763-476-8271