Showing posts with label patent filing fees. Show all posts
Showing posts with label patent filing fees. Show all posts

Friday, 13 March 2020

Sharp Sues Vizio Alleging LCD Patent Infringement


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Sharp Corporation, a Japanese multinational corporation specializing in designing and manufacturing electronic items, has quite recently filed a Patent Infringement lawsuit against defendants Vizio Inc. (a privately held company specializing in designing and manufacturing soundbars, speakers, and televisions) and other companies in its supply chain. In the lawsuit filed at the California Central District Court, Sharp has claimed that the defendants have made unauthorized use of its patented LCD technology. The company also stated that its Intellectual Property (IP) is undoubtedly the backbone of its commercial success. Sharp has created multiple liquid crystal display (LCD) innovations so far.
All the defendants in the lawsuit filed have allegedly infringed upon Sharp’s patents in some way or the other. For instance, Sharp discovered that the defendant CHOT is manufacturing, using, selling, and importing the infringed upon LCD panels. Defendant TPV is undertaking the identical investment actions as CHOT by manufacturing, importing, and selling televisions and further infringing upon Sharp’s patents. The infringed upon televisions are then sold to Vizio, which further offers the same to consumers in retail outlets throughout the US. Sharp has claimed that it had asked Vizio to stop patent infringement; however, it was unsuccessful. The company has even alleged financial harm resulting from the said infringement.

The patents in the lawsuit filed by Sharp relate to the LCD televisions. The ‘206, ‘300, and ‘959 patents outline and claim a liquid crystal display device. The ‘704 patent describes and claims an LCD device with a cured material in the liquid crystal layer. The ‘907 patent describes and claims an LCD device with a polymer formed between two substrates along with a plurality of threshold voltages associated with a plurality of areas within the display. The ‘556 patent outlines a circuit structure along with a pattern of wiring on a base film of a printed circuit board. The ‘239, ‘275, ‘490, and ‘994 patents describe and claim an LCD device with micro-structures directionally configured corresponding to a polarizer layer and an analyzer layer. The ‘634 patent describes and claims an LCD device with a cured material formed on vertical alignment films. At last, the ‘079 patent describes and claims an LCD device with an electrode arrangement consisting of micro-electro parts. Sharp has accused all the defendants in its lawsuit on the claims of these patents through the creation and construction of their corresponding LCD screens.

Sharp is now looking forward to seeking injunctive relief along with an award for damages, including loss of reasonable royalty, profits, and other relief as determined by the court. For more visit: https://www.kashishipr.com/ 

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Monday, 3 February 2020

IBM Gets Patent for ‘Self-aware Token’ to Record Transaction Data

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IBM, one of the most famous companies worldwide, has recently received a U.S. patent for a type of ‘self-aware token’ that can record its transaction data.
Granted by the U.S. Patent and Trademark Office (USPTO) this month, i.e., in Jan 2020, the patent showcases a ledger-based payment system that could make it easier for governments, individuals, and businesses to track and trace transactions made using a cryptocurrency.
The ‘self-aware token’ is designed to record all the transaction data when not being employed on the payments platform patented by IBM in 2012. The token is set to automatically upload the required data from any ‘off-line transactions,’ when it rejoins the platform ecosystem at a later stage.
As outlined in the Patent Application for IBM’s self-aware token, the concept turns it possible to create a comprehensive lifecycle for tokens that can record data about the payment location, amounts transacted, and even regarding previous token holders. Instead of storing the transaction data itself, the token would store it on personal devices like a laptop, phone, or on a purpose-built database.
IBM said that the token could expedite exchanges between diverse asset classes. Since more cryptocurrencies develop in the future, the question of how to make payments possible between different forms of assets becomes increasingly significant, the patent noted. By recording the transaction data in this form, e-Currencies could operate across disparate eco-systems, thus nurturing easier participating for sovereign and other non-standard currencies.
The patent continued that such a system would be beneficial in improving the method of financial data processing. Self-aware tokens would record the transaction data by measuring their value against other assets involved in the transaction. Hence, it is said to better aggregate and quantifies values against other assets, including fiat currencies and cryptocurrencies.
For the company, i.e., IBM, the ability to ascertain the origin of such a token could help bolster trust and viability within the new token-based economy. In association with tokens:
·         Businesses can ensure that they haven’t been used for any criminal activities
·         Users can confirm that they have not been corrupted or falsified at any stage
·         Administrators or regulators are allowed to build profiles to enforce relevant laws and regulations.
Having launched a Blockchain platform in 2017 and being a contributor to the Hyperledger project, IBM’s work in this technological space appears much more than theoretical. Hence, it is expected that the firm’s token would soon see the light of the day.
Like IBM, many other companies are also looking for Patent Registration of concepts aimed to reduce the gap between fiat and cryptocurrencies. For instance, Jack Dorsey’s Square last week received a patent for a payment system that automatically exchanges cryptocurrencies into fiat currencies. For more visit: https://www.kashishipr.com/ 
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