CHICAGO, June 9 IL-Memorylink-Suit
CHICAGO, June 9 /PRNewswire/ -- Memorylink Corp., a leading innovator in
wireless broadband technology, today filed suit against Motorola charging the
Schaumburg-based Corporation with stealing its pioneering wireless video
technology through a scheme of lies, broken promises and outright deceit. The
suit alleges Motorola is guilty of willful intent to defraud and steal
intellectual property related to Memorylink's invention of certain wireless
video technology, now used by millions of people around the world.
"We tried our best to settle this matter amicably with Motorola to the
best interests of both companies, but to no avail," said Jon Huard, CEO of
Memorylink. "This left Memorylink with no choice but to file the claim
against Motorola, since we have a fiduciary obligation to our shareholders to
get value from what we invented."
Since 1998, Memorylink has been developing innovative wireless
technologies and products in use by global customers.
"Memorylink's patented invention is used in many video applications and
devices today, including the cell phone industry," said Robert Kniskern,
co-inventor. "We had hoped to develop exciting new products with Motorola,
but unfortunately Motorola decided instead to steal Memorylink's invention for
itself."
The complaint seeks treble damages from the profits that Motorola realized
over the past several years from sales of Memorylink's patented technology.
The complaint also seeks injunctive relief, an order properly assigning 100%
of patent ownership back to Memorylink along with any other technology taken
by Motorola and incorporated into its product lines.
SOURCE Memorylink Corp.
