AUSTIN, TX -- (Marketwired) -- 11/26/13 -- Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data archive solutions, filed complaints against Tandberg Data Corporation, Dell, Inc., Huawei Technologies Co. Ltd., Huawei Enterprise USA Inc., and Huawei Technologies USA Inc. in the federal district court in Austin, Texas, alleging infringement of U.S. Patents 6,425,035; 7,051,147; and 7,934,041. Crossroads seeks monetary damages and an injunction.
Crossroads asserts that Tandberg has incorporated Crossroads' patented technology into Tandberg's BizNAS family of devices, DPS1000 Series Virtual Tape Libraries, and DPS2000 Series Network-Attached Data Protection Solution. Crossroads asserts that the Huawei entities have incorporated Crossroads' patented technology into Huawei's OceanStor S2200T Storage System, OceanStor S6800T Storage System, and OceanStor T Series Unified Storage Systems. Crossroads asserts that Dell has incorporated Crossroads' patented technology into Dell's PowerVault MD3200i, MD3600i and MD3600f systems.
The asserted patents cover technology that is fundamental to secure and efficient access to network storage systems. The asserted patents are part of Crossroads' '972 Patent Family. Since 2001, Crossroads has licensed the '972 Patent Family to more than 40 companies and received in excess of $60 million in license and settlement revenue.
"The success of our licensing program shows the industry recognizes the value of our '972 Patent Family," said Richard K. Coleman, Jr., President and CEO at Crossroads Systems. "Crossroads has invested millions of dollars developing and protecting the technology covered by our patents. We're committed to protecting our shareholders by pursuing those remaining companies who -- like Tandberg, Dell, and Huawei -- continue to use our patented technology without a license."
About Crossroads Systems
Crossroads Systems, Inc. (NASDAQ: CRDS) is a global provider of data archive solutions. Through the innovative use of new technologies, Crossroads delivers customer-driven solutions that enable proactive data security, advanced data archiving, optimized performance and significant cost-savings. Founded in 1996 and headquartered in Austin, TX, Crossroads has been awarded more than 100 patents and has been honored with numerous industry awards for data archiving, storage and protection. Visit www.crossroads.com.
Important Cautions Regarding Forward-Looking Statements
This press release includes forward-looking statements that relate to the business and future events or future performance of Crossroads Systems, Inc. and involve known and unknown risks, uncertainties and other factors that may cause its actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, "believe," "expect," "anticipate," "estimate," "intend," "plan," "targets," "likely," "will," "would," "could," and similar expressions or phrases identify forward-looking statements. Forward-looking statements include, but are not limited to, statements about Crossroads Systems' ability to obtain, maintain or protect patent and other proprietary intellectual property rights, future capital requirements, regulatory actions or delays, competition in general, and other factors that may cause actual results to be materially different from those described herein. Forward-looking statements in this press release are based on management's beliefs and opinions at the time the statements are made. Crossroads Systems does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.
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©2013 Crossroads Systems, Inc. Crossroads and Crossroads Systems are registered trademarks of Crossroads Systems, Inc. All trademarks are the property of their respective owners. All specifications are subject to change without notice.
Crossroads Contact:
Jennifer Crane
Crossroads Systems
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512.928.6897 or 800.643.7148
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Crossroads Systems
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