ITC Rules Against Nautilus Hyosung For Infringing Key ATM Technology
Some key facts to remember:
- Diebold Nixdorf obtained a court ruling, adopted by the full ITC, finding that the vast majority of Nautilus Hyosung’s deposit automation-enabled ATMs and cash dispensing machines infringe Diebold patents, and prohibiting Nautilus Hyosung from importing those devices into the United States.
- The only way Nautilus Hyosung can avoid infringing the magnetic ink patent while continuing to offer 4-way MICR reading is to rely on optical reading functionality, which decreases check reading accuracy and substantially increases the risk of fraud.
- Our company has built a strong patent portfolio, investing hundreds of millions of dollars in research and development, and has been granted numerous patents to protect that investment.
- We are committed to protecting our interests in U.S. industry, as well as enforcing our intellectual property rights throughout our portfolio of solutions.
- Following the conclusion of the ITC proceedings, Diebold Nixdorf expects to seek significant damages in a jury trial in U.S. federal court for Hyosung's infringement.
- US Senator Sherrod Brown, US Congressman Jim Renacci and a delegation of congressmen from North Carolina have sent letters to the chairman of the International Trade Commission in support of Diebold Nixdorf, to protect the company from Nautilus Hyosung’s infringing activity.