Pixelplus Obtains A Complete Victory in the Seoul High Court on the Disputed Color Filter Patent Claimed by MagnaChip

SEOUL , South Korea , March 18 /PRNewswire-FirstCall/ -- Pixelplus Co., Ltd. (Nasdaq: PXPL), a fabless semiconductor company in Korea that designs, develops, and markets CMOS image sensors for various consumer electronics applications, today...


SEOUL , South Korea , March 18 /PRNewswire-FirstCall/ -- Pixelplus Co., Ltd. (Nasdaq: PXPL), a fabless semiconductor company in Korea that designs, develops, and markets CMOS image sensors for various consumer electronics applications, today announced it obtained a completely favorable ruling in the patent infringement proceedings from the Seoul High Court on the disputed color filter patent claimed by MagnaChip Semiconductor ("MagnaChip"). Given this favorable development, MagnaChip's patent infringement claims on the color filter patent will no longer be contested or remain at issue.

The Seoul High Court's ruling on the color filter patent reflects and reinforces the earlier decision issued by the Seoul Central District Court in February 2007 , under which the Company obtained a complete victory on the disputed color filter and contact hole process patents claimed by MagnaChip. In March 2007 , MagnaChip filed an appeal with the Seoul High Court to reverse this earlier ruling issued by the Seoul Central District Court. In November 2007 , MagnaChip completely withdrew its claims on the disputed contact hole process patent in Seoul High Court.

About Pixelplus Co., Ltd.

Pixelplus is a South Korea-based developer of high-performance, high-resolution, and cost-effective CMOS image sensors for use primarily in mobile camera phones. In addition to mobile phones, Pixelplus provides CMOS image sensors and SoC solutions for use in webcams and notebook embedded cameras, toys and games, and security and surveillance system applications.

As a fabless semiconductor company, Pixelplus is focused on creating proprietary design technologies to develop CMOS image sensors with sharp, colorful and enhanced image quality, size efficiency, and low power consumption.

Forward Looking Statement

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to update them to reflect new, changing, or unanticipated events or circumstances.

SOURCE Pixelplus Co., Ltd.