Last updated on April 17, 2014 at 21:23 EDT

/C O R R E C T I O N — LG Electronics USA, Inc./

November 30, 2012

In the news release, LG Electronics Prevails in Washing Machine Patent Case, issued 30-Nov-2012 by LG Electronics USA, Inc. over PR Newswire, we are advised by the company that the product description has been updated to “direct drive front-load” in multiple instances. The complete, corrected release follows:

LG Electronics Prevails in Direct Drive Front-Load Washing Machine Patent Case

WILMINGTON, Del., Nov. 30, 2012 /PRNewswire/ — LG Electronics received a favorable decision in a washing machine patent infringement case tried in the U.S. District Court for the District of Delaware. Following a four-day trial, a Delaware jury determined that three LG patents related to direct drive front-load washing machine technology are valid and infringed by Asko/Daewoo.

(Logo: http://photos.prnewswire.com/prnh/20110203/CG42292LOGO-d)

In a statement, LG said that these three patents involved in the suit have gone through reexamination at the U.S. Patent and Trademark Office (USPTO), and the jury verdict rendered today is consistent with USPTO’s decisions, as well as with rulings on related lawsuits in Germany and Korea.

The Delaware suit dealt only with liability issues (validity and infringement). The damages and injunction phase still remains, and LG looks forward to presenting its case on these aspects of the suit.

LG’s patented technology provides consumers with large-capacity, high-spin-speed direct drive front-load washers that produce low noise and vibration. These features have kept LG at the top of the market for front-load washers, and LG is committed to protecting its rights related to its innovations.

About LG Electronics USA
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $49 billion global force and technology leader in consumer electronics, home appliances and mobile communications. In the United States, LG Electronics sells a range of stylish and innovative home entertainment products, mobile phones, home appliances and business solutions, all under LG’s “Life’s Good” marketing theme. LG Electronics is a 2012 ENERGY STAR® Partner of the Year. For more information, please visit www.lg.com.

SOURCE LG Electronics USA, Inc.

Source: PR Newswire