Settlement Discussions between Universal Avionics Systems Corporation ('Universal') and Optima Technology Group Stalled
Optima Technology Group Inc. is a Delaware registered company which specializes in development and manufacture of advanced patents and technology related to the advancement of the United States manufacturing industry and DOD.
Deleware (PRWEB) September 18, 2008 -- Optima Technology Group, Inc. today announced that in recent settlement discussions between Universal Avionics Systems Corporation ("Universal") and Optima Technology Group ("Optima)" in Case No. 07-CV-00588-RC in The United States District Court For the District of Arizona, Universal has attempted to bypass the Federal courts and is now refusing to honor its settlement agreement by, among other things, attempting to extort a free license for an unrelated patent application not included in the current federal case.
Universal is also now falsely claiming, citing untrue statements from others in the industry, that Optima has made statements of a mysterious settlement between Optima and Garmin LTD (Public, NASDAQ:GRMN).
According to Optima CEO Robert Adams, "This is nothing more than another attempt by Universal to extort a stipulation of non-infringement so that their attorney (Scott J. Bornstein of Greenberg Traurig), who also represents Garmin, can later use it for his other clients. Our company is willing to abide by the original terms of the settlement agreement but we will not be intimidated by their recent extortion attempt(s). I think Universal is doing this because they just plain hate us."
Optima Technology Group Inc. is a Delaware registered company which specializes in development and manufacture of advanced patents and technology related to the advancement of the United States manufacturing industry and DOD. We hold the key U.S. Patent 5,566,073 related to the use of Synthetic Vision in the cockpit of an aircraft which companies like Honeywell and L3 have legally licensed from Optima Technology Group as the court record shows. Companies such as Garmin are not holders of a license for 5,566,073 from Optima Technology Group. We also hold the key U.S. Patent 5,904,724 for controlling UAVs using Synthetic Vision from a Ground Control Station. For more information, please visit www.optimatechnologygroup.com
Source: Optima Technology Group
Investor Relations:
Robert Adams, 949-419-6970
radams@Optimatechnologygroup.com
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