General Patent Corporation Settles Patent Lawsuit with Fanuc

Fanuc Takes a License under Trounson Automation’s CNC Patent

Suffern, N.Y. – April 23, 2013 − General Patent Corporation (GPC), a leading patent licensing and enforcement firm, announced today that it settled a patent infringement lawsuit filed by its subsidiary, Trounson Automation LLC, against Fanuc Corporation and its U.S. affiliate, Fanuc FA America Corporation (Fanuc). As part of the settlement, Fanuc took a license under the Trounson Automation patent on single processor computer numeric control (CNC).

This settlement resolves Trounson Automation LLC v. Fanuc Corporation and Fanuc FA America Corporation (7:12-cv-05979) filed in U.S. District Court for the Southern District of New York on August 3, 2012. The patent-at-suit was U.S. Patent No. 5,926,389 “Computer Control System for Generating Geometric Designs.”

“We are pleased to have reached an amicable resolution of this case,” said Anthony Amaral, Chief IP Counsel at General Patent Corporation.

About Trounson Automation
Trounson Automation LLC is the owner of U.S. Patent No. 5,926,389 and is a portfolio company of IP Holdings LLC, a member of the GPC Group of Companies. General Patent Corporation is the manager of Trounson Automation. A non-exclusive license for the ‘389 patent is available. For licensing terms, please contact Kathlene Ingham at (845) 368-4000 x107. For more information, please visit www.trounsonautomation.com.

About General Patent Corporation
General Patent Corporation is a leading intellectual property boutique focusing on patent licensing and enforcement. GPC represents inventors, businesses, universities and other patentees in patent assertion matters by managing and financing patent litigation on a contingency basis. GPC is the oldest patent enforcement firm in the U.S., and is the manager of Trounson Automation LLC. For more information, visit www.generalpatent.com.

About IP Holdings
IP Holdings LLC is an IP-centric merchant banking organization that provides IP advisory services, patent valuation, IP-related financial services and IP brokerage services, and operates an idea incubator. For more information, visit www.ip-holdings.com.