October 15, 2008
Power Integrations Says Fairchild Lawsuit is Without Merit
SAN JOSE, Calif., Oct. 15, 2008 (GLOBE NEWSWIRE) -- Power Integrations (Nasdaq:POWI) today responded to the lawsuit filed against it yesterday by Fairchild Semiconductor and its System General (SG) subsidiary. This action follows a suit filed earlier this year by Power Integrations alleging continuing infringement of its patents by Fairchild and SG. Both Fairchild and System General had previously been found, in U.S. District Court and at the International Trade Commission respectively, to infringe numerous Power Integrations patents.
"Fairchild and System General have demonstrated a willingness to repeatedly violate our patents, as we have proven in court on multiple occasions," said Balu Balakrishnan, president and CEO of Power Integrations. "We are disappointed that their response is not only to continue infringing, but also to pursue baseless litigation against us. We believe their suit is completely without merit."As a result of earlier litigation, a Delaware jury has awarded Power Integrations approximately $34 million in damages, and the company has requested enhancement of that award based on the jury's finding of willful infringement. Meanwhile, infringing System General products have been banned from the U.S. market by virtue of an ITC exclusion order.
About Power Integrations
Power Integrations, Inc. is the leading supplier of high-voltage analog integrated circuits used in power conversion. The company's breakthrough technology enables compact, energy-efficient power supplies in a wide range of electronic products, in both AC-DC, DC-DC and LED lighting applications. The company's EcoSmart(r) energy-efficiency technology, which dramatically reduces energy waste, has saved consumers and businesses around the world more than an estimated $3 billion on their electricity bills since its introduction in 1998. For more information, visit the company's website at www.powerint.com.
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CONTACT: Power Integrations, Inc. Joe Shiffler (408) 414-8528 [email protected]