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Hop-on Awarded Second U.S. Design Patent Design and Infringement Rights Belong to Hop-on Apr 10, 2007 10:57:00 AM Copyright Business Wire 2007
IRVINE, Calif.--(BUSINESS WIRE)--
Hop-on, Inc. (Pink Sheets:HPNN) announced today that it has received notification of U.S. Patent Office approval for their innovative flip phone design pending since 2005. The news comes just days after Hop-on secured patent approval for their MP3 phone, resolving past uncertainty as to the innovator of this market-leading cell phone. (Citing ref.US-D536,320-S).
Peter Michaels, President of Hop-on, considers this a major victory for those who actually design these products, and not simply infringe on smaller companies' ideas. "The utilization by market leaders dedicating billions in vast resources developed my product at record speed. The visual appearance test set forth in other recent court decisions could prove evidence my design reaped millions for those who infringed. Based on almost three years of extensive research, it appears Hop-on's design predates all existing patents and will finally allow shareholders of THIS company to reap the benefits of their invention. We have a fiduciary responsibility to the shareholders to ensure appropriate returns on their significant investment of our new designs. This patent reflects the recognition our designs deserve and enables protection of our intellectual property portfolio."
Hop-on's patent "Thin Mobile Telephone" was published in 2005 when every cell phone manufacturer appeared caught in the frenzy to manufacture new products. The technology-crazed era caused intense competition, reducing industry standards to a level where mass production replaced true invention. This came at a time when no one seemed to pay attention to the details of which company actually owned the design, but instead focused solely on the demand for new product releases. As mobile communications has developed, the vast number of companies whose products infringed on this patent can be seen market wide. In addition, this frenzy compromised the due diligence process in determining the origination of new designs, resulting in patent infringement by larger corporations.
The second patent was released on the day Qualcomm and Nokia faced expired licensing agreements and is certain to raise more legal questions of who will bear the cost of these violations. Past and future royalties could result in significant monetary damages and will serve to deter industry leaders' future misuse of smaller companies' designs. Preliminary negotiations are continuing with several carriers and manufacturers to reach licensing agreements. The market will ultimately determine the fate of those companies whose improvements on Michaels' product may result in the company seeking injunctive relief against future sales.
Although no law suits have been filed at this time, those in violation have been formally noticed of the infringement. Basically, all we ask is that companies who use our design compensate us for the use of the design; bottom line, says Michaels, "If they wish to continue making my phone, they will need a license." For more information, visit http://www.Hop-on.com.
This news release includes forward-looking statements regarding, among other things, the Company's business and financial plans, strategies and prospects. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as: believe, expect, anticipate, should, planned, will, may, intend, estimated, and potential, among others. Important factors that could cause actual results to differ materially from the forward-looking statements made in this news release include market conditions and those set forth in any reports or documents that the Company may publicly file from time to time. All forward-looking statements attributable to the company or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
Source: Hop-on, Inc.
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Hop-on Inc. Danny Coleman (949) 756-9008
Posts: 2473 | Registered: May 2006
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Did you see a few MMs had 0 chares traded then a 911 trade at 1:42 ?? Wonder what thier looking for
Posts: 1986 | From: Florida | Registered: Mar 2006
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i donīt care a lot about these 911 trades most of them are goofball traders trying to be funny imo i sold the rest at .022 got my doubts that it will bust through .025 at least not today... i might load again on a dip
Posts: 2473 | Registered: May 2006
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you wonīt believe this!! i had my sell at .039 and it was taken right now i was just about to change it to the upside... when the sell went through the b/a was .034x.035 weird!!
Posts: 2473 | Registered: May 2006
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