General Patent Corporation: Moen Technologies Settles its Patent Infringement Suit with PepsiCo

General Patent Corporation International (GPCI), a leading contingency IP licensing and enforcement firm headquartered in Suffern, New York, announced today that its client, Moen Technologies LLC, has settled its patent infringement lawsuit against PepsiCo, Inc. GPCI represents Moen in the licensing and enforcement of its patent portfolio.

(PRWEB) May 21, 2004 -- General Patent Corporation International (GPCI), a leading contingency IP licensing and enforcement firm headquartered in Suffern, New York, announced today that its client, Moen Technologies LLC (Moen), has settled its patent infringement lawsuit against PepsiCo, Inc. (NYSE: PEP). GPCI represents Moen in the licensing and enforcement of its patent portfolio.

GPCI brought suit against PepsiCo on behalf of Moen Technologies on December 24, 2003, in the U.S. District Court for the Southern District of New York alleging an infringement of one of its patents. PepsiCo ultimately agreed to take a license under the patent-in-suit and two other related patents.

The technology covered by the licensed patents, co-invented by Dr. Arthur (Skip") Moen and Dr. Alexander Poltorak, pertains to certain aspects of debit platform telecommunications and PIN-based Internet promotions.

Earlier, Coca Cola also took a license under the Moen patents as a result of settling a patent infringement lawsuit.

We are delighted to have reached an amicable resolution of the lawsuit with PepsiCo," said Alexander Poltorak, GPCIs Chairman and a co-inventor of the patent-in-suit. We welcome PepsiCo as a licensee of Moen Technologies, and hope that the rest of the industry will respect our intellectual property without the need for litigation."

About Moen Technologies
Moen Technologies LLC, is a portfolio company of IP Holdings LLC, an idea incubator affiliated with GPCI. Moen Technologies is the owner of United States Patent Nos. 5,438,615, Method of Providing Message Service for Pinless Limited Access Telecommunications;" 5,592,537, Method of Providing Message Service for Limited Access Telecommunications;" and 5,864,604, Method of Providing Message Service for Limited Access Telecommunications." Moen Technologies offers non-exclusive licenses under these patents on attractive terms. For licensing terms, contact Kathlene Ingham, GPCIs Director of Licensing, at (845) 368-4000 ext. 107. For more information about Moen Technologies visit www.moentech.com.

About General Patent Corporation International
General Patent Corporation International (GPCI), headquartered in Suffern, NY, is the oldest contingency intellectual property (IP) licensing and enforcement firm in the US. GPCI represent clients in patent, trademark, copyright and trade secret enforcement matters on a contingency basis. For more information about GPCI visit www.patentclaim.com.

General Patent Corporation (GPC), an affiliate of GPCI, is a leading international IP management firm. GPC provides IP analysis and strategy, IP audit and valuation, IP portfolio mining and management, and technology transfer services to domestic and foreign businesses, universities, and research institutions. For more information about GPC visit www.generalpatent.com.

IP Holdings LLC, another affiliate of GPCI, is an idea incubator. IP Holdings invests in, develops, incubates, and assists in the commercialization of novel and promising technology, with a particular emphasis on the development and protection of intellectual property. For more information about IP Holdings visit www.ip-holdings.com.

For further information on Moen Technologies, GPC, GPCI and IP Holdings contact General Patent Corporation, Montebello Park, 75 Montebello Road, Suffern, NY 10901-3740; telephone (845) 368-4000; e-mail info@gpci.com.