Rudolph Technologies, Inc. (NYSE: RTEC), a leading provider of process characterization equipment, lithography equipment and software for wafer fabs and advanced packaging facilities, today announced a ruling by the U.S. Supreme Court in the patent infringement lawsuit brought by Integrated Technology Corporation (ITC).
The Supreme Court denied Rudolph’s petition for writ of certiorari in Integrated Technology Corporation et al. v. Rudolph Technologies, Inc., in which Rudolph appealed the ruling by the U.S. Court of Appeals for the Federal Circuit affirming a jury's award of $7.68 million for the infringement of ITC’s patent by probe card test and analysis products sold prior to Rudolph’s acquisition of the relevant product lines. In addition to the $4.3 million accrued by the Company for this litigation, Rudolph will pay ITC an additional $6.3 million to satisfy the judgment and related interest charges. While attorney fees in the amount of an additional $3.25 million continue to be contested, Rudolph has reserved for the full amount.
“We are disappointed with this ruling, but are reconciled to the result. With this decision, Rudolph looks toward moving forward once this litigation is fully resolved,” said Robert Koch, Rudolph's vice president and general counsel.
About Rudolph Technologies
Rudolph Technologies, Inc. is a
worldwide leader in the design, development, manufacture and support of
defect inspection, advanced packaging lithography, process control
metrology, and data analysis systems and software used by semiconductor
device manufacturers worldwide. Rudolph provides a full-fab solution
through its families of proprietary products that provide critical
yield-enhancing information, enabling microelectronic device
manufacturers to drive down the costs and time to market of their
products. The Company’s expanding portfolio of equipment and software
solutions is used in both the wafer processing and final manufacturing
of ICs, and in adjacent markets such as FPD, LED and Solar.
Headquartered in Flanders, New Jersey, Rudolph supports its customers
with a worldwide sales and service organization. Additional information
can be found on the Company’s website at www.rudolphtech.com.
Safe Harbor Statement
This press release contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 (the “Act”) which include projections
related to the protection of its intellectual property as well as other
matters that are not purely historical data. Rudolph wishes to take
advantage of the “safe harbor” provided for by the Act and cautions that
actual results may differ materially from those projected as a result of
various factors, including risks and uncertainties, many of which are
beyond Rudolph’s control. Such factors include, but are not limited to,
results of future litigation and the challenges presented related to the
enforcement of its patents. Additional information and considerations
regarding the risks faced by Rudolph are available in Rudolph’s Form
10-K report for the year ended December 31, 2013 and other filings with
the Securities and Exchange Commission. As the forward-looking
statements are based on Rudolph’s current expectations, the company
cannot guarantee any related future results, levels of activity,
performance or achievements. Rudolph does not assume any obligation to
update the forward-looking information contained in this press release.
Contacts:
Investors:
Steven R. Roth,
973-448-4302
steven.roth@rudolphtech.com
or
Guerrant
Associates
Laura Guerrant-Oiye, Principal, 808-882-1467
lguerrant@guerrantir.com
or
Trade
Press:
Amy Pauling, 952-259-1794
amy.pauling@rudolphtech.com