SOUTH WINDSOR, Conn., July 9 CT-GerberScientific
SOUTH WINDSOR, Conn., July 9 /PRNewswire-FirstCall/ -- Gerber Scientific,
Inc. (NYSE: GRB), a worldwide leader in integrated automation solutions, is
pleased to announce that Mimaki's new CJV-30 series integrated printer cutter
line released today incorporates licensed technology from Gerber Scientific.
In the fiscal fourth quarter of 2008, Gerber granted a worldwide license
to Mimaki Engineering Company Limited, a leading Japanese printer and plotter
manufacturer. The license represented the second non-exclusive license Gerber
has granted for its family of computerized "print to cut" technology patents,
based off of its pioneer U.S. Patent 5,537,135 ['135 Patent]. Gerber granted
the first license to another leading Japanese printer manufacturer earlier
this year. The terms of both licenses are confidential.
"We are very pleased with our agreement with Mimaki, enabling them to
utilize our patented technology in their new product release. This approach
reflects Gerber's stated position of allowing other companies access to this
family of patents to further advance the industry as a whole, while
recognizing Gerber's commitment to maximize shareholder value through the
licensing, and if need be, enforcement of the Company's intellectual property
rights." said Marc T. Giles, President and CEO of Gerber Scientific Inc.
The Company is presently prosecuting an action for infringement of the
'135 Patent in the Federal District Court in Hartford, Connecticut against
Roland DGA Corporation, the distribution and sales arm of Roland DG
Corporation of Hamamatsu, Japan, in which the Company is seeking damages and
an injunction against Roland's sale of infringing products. The lawsuit is
currently in the discovery phase, pending the setting of a trial date.
About Gerber Scientific, Inc.
Gerber Scientific, Inc. (http://www.gerberscientific.com) is a leading
international supplier of sophisticated automated manufacturing systems for
sign making and specialty graphics, apparel and flexible materials, ophthalmic
lens processing, and print and packaging industries. Headquartered in South
Windsor, Connecticut, the company operates through four businesses: Gerber
Scientific Products and Spandex Ltd., Gerber Technology, and Gerber Coburn.
Forward-looking Statements:
This news release contains "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Statements contained in this news release regarding the
Company's expected financial condition, results of operations, cash flows and
product launches are forward-looking statements that involve risks and
uncertainties. For information identifying other important economic,
political, regulatory, legal, technological, competitive and other risks and
uncertainties, readers are referred to the Company's filings with the
Securities and Exchange Commission, including but not limited to, the
information included in Gerber Scientific's Annual Report on Form 10-K for the
fiscal year ended April 30, 2008 under the headings "Business," "Risk Factors"
and "Management's Discussion and Analysis of Financial Condition and Results
of Operations - Cautionary Note Concerning Factors That May Influence Future
Results," as well as information included in subsequently filed quarterly
reports on Form 10-Q and current reports on Form 8-K, which outline certain
important risks regarding the Company's forward-looking statements. These
risks include, but are not limited to, delays in the Company's new product
development and commercialization, intense competition in markets for each of
the Company's operating segments, rapid technological advances, availability
and cost of raw materials, volatility in foreign currency exchange rates and
fluctuations in interest rates. Actual future results or events may differ
materially from those expressed or implied in the Company's forward-looking
statements. The Company expressly disclaims any obligation to update any of
these forward-looking statements.
SOURCE Gerber Scientific, Inc.
