SAN JOSE, Calif., June 21, 2012 (GLOBE NEWSWIRE) -- Ubiquiti Networks, Inc. (UBNT), a next generation communications technology company, announced that on June 20, the U.S. federal court for the Northern District of California granted the Company's application for a temporary restraining order enjoining Kozumi USA Corp. and its owner Shao Wei (William) Hsu and anyone in active concert or participation with them from:
- using in any manner any registered trademark owned by Ubiquiti, or any name or mark that wholly incorporates or is confusingly similar to Ubiquiti's trademarks;
- moving, destroying, or otherwise disposing of any items confusingly or deceptively similar to Ubiquiti's products and that bear any of Ubiquiti's trademarks;
- moving, destroying or otherwise disposing of any records or documents containing information related to the manufacturing, distributing, delivering, shipping, importing, exporting, marketing, promoting, selling or otherwise offering for sale of items that bear any of Ubiquiti's trademarks;
- assisting, aiding or abetting any other person or business entity in engaging in or performing any of the above activities.
The Company had filed a lawsuit seeking to stop the illegal counterfeiting of its products by a counterfeiting ring led by Kozumi and Hsu. According to the complaint, Hsu engaged in intellectual property theft, illegal manufacturing and sale of counterfeit Ubiquiti Networks products, fraudulent registration of Ubiquiti trademarks overseas and attempted extortion. In addition, the complaint asserted that Hsu has recently acted in accomplice with the owner of a counterfeit factory in China in spreading malicious and false rumors about Ubiquiti in an attempt to obstruct Ubiquiti's brand protection efforts.
The Company views the court order as another significant milestone in its worldwide campaign to protect its intellectual property and brand name. The Company plans to continue to vigorously execute its global strategy in protecting its intellectual property and its customers, and is determined to see all those involved in the counterfeiting of its products brought to justice.
About Ubiquiti Networks
Ubiquiti Networks is a next-generation communications technology company that designs and manufactures proprietary technologies. Since 2005, Ubiquiti's products and solutions have bridged the digital divide between emerging and developed markets by fundamentally changing the economics of deploying high performance networking solutions in underserved and underpenetrated markets globally. Our technology platforms AirMax, UniFi, AirVision and AirFiber, focus on delivering industry-leading performance, compelling price-performing characteristics and an unparalleled user experience. Ubiquiti has reduced high product and network deployment costs and other business model inefficiencies to enable rapid market adoption of their products and solutions in emerging markets. For more information visit http://www.ubnt.com/
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Given these uncertainties, you should not place undue reliance on these forward-looking statements. Also, forward-looking statements represent our management's beliefs and assumptions only as of the date made. Ubiquiti Networks undertakes no obligation to update information contained in this press release. You should review our SEC filings carefully and with the understanding that our actual future results may be materially different from what we expect.
CONTACT: For more information: John Ritchie Chief Financial Officer Ubiquiti Networks 408.942.3085 ext 329
Source: Ubiquiti Networks 2012 GlobeNewswire, Inc.