Board of Directors Chairman Issues Statement on FFT vs Optellios Litigation

News

Board of Directors Chairman Issues Statement on FFT vs Optellios Litigation

Newtown, PA (April 9, 2012)

An Open Letter from Our Chairman

Dear Optellios customers, suppliers, distributors, and prospective employees,

As many of you know, Optellios has been involved in litigation with Future Fibre Technologies (FFT) over the past several years.  I last updated you on this matter in August of 2010.

I am pleased to report that all litigation has been settled to the satisfaction of both parties.

Terms of the settlement are confidential, but I can share with you that it will have no material impact on Optellios’ finances beyond saving the company legal fees that would have been required had the litigation continued.  As a result of the settlement, both parties will have access to the technology described in U.S. Patent No. 7,142,736, titled “Distributed fiber sensor with interference detection and polarization state management”.  We believe this to be of little consequence to our company’s business, since Optellios has never relied on this patent for any commercial project and currently employs technologies that are completely different than the ones described in the patent.

We look forward to better serving the Fiber Optic Sensing and Security markets now that this litigation has been concluded.

Thank you for your business and continued support.

Yours truly,

Bill Frezza

Chairman of the Board

For additional information about Optellios, please email:  info@optellios.com

About Optellios Inc.

Optellios, Inc., a leading U.S.-based fiberoptic technology company, is a provider of advanced solutions for sensing, security, and communication. Its FiberPatrol® line of security products leverages company's pioneering patented fiberoptic sensor technologies to provide the most advanced and cost effective security solutions for military bases, airports, power plants, water treatment facilities, pipelines, secure data networks, and other critical infrastructures and high-value assets. For more information, visit www.optellios.com.

« Back to News