Power-One, Inc. (PWER) announced that a jury in the U.S. District Court for the Eastern District of Texas has upheld the validity of the company’s case against Artesyn Technology and Astec America. This case was focused on Power-One’s ‘Power-One Z-One’ technology, as Power felt that this particular product’s patents were infringed on by both Artesyn Technologies and Astec America.
This verdict, in favor of Power-One, hinged on a number of important factors that both companies felt were prevalent. However, the jury, after deliberating for more then 3 days, found that both of the asserted patents were in fact infringed on by Artesyn Technologies.
Power-One is a leading designer and manufacturer of power conversion products. These products, sold primarily to OEM customers within the telecommunications and server / storage markets, are used in various applications such as test equipment, high-end industrial applications, and alternative energy. Power-One, with headquarters in Camarillo, CA, has approximately 4,000 employees with manufacturing and/or R&D operations in the United States, Dominican Republic, Italy, Switzerland, Slovakia, and China
Power-One will issue a more detailed press release regarding this issue prior to opening of the markets on Monday, November 19, 2007.
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