Fenwick & West is pleased to share a recent article in The Korea Times, the leading English newspaper printed daily in South Korea, about our client Suprema, a Korean biometrics company at the forefront of fingerprint recognition technology.
Over the past year, the firm’s market capitalization has doubled, and Suprema President Lee Jae-won anticipates strong new opportunities, including in the U.S. market. Suprema is also advancing new technologies, such as facial identification. FaceStation, a face recognition terminal, has already been released earlier this year. Features include adaptive infrared rays exercised for the first time in the world, and cutting-edge security applications as well as the ability to distinguish people in a thousandth of a second.
The article also reviewed Suprema’s recent dispute with competitor Cross Match. Back in 2010, Cross Match Technologies brought Suprema and its partner, Mentalix, to court claiming that Suprema’s RealScan products infringe Cross Match patents. In The Korea Times interview, Lee shared with readers that “The legal action is practically done. We do not think that the initial ruling of the U.S. International Trade Commission will be overturned, which by and large were favorable to us.” Fenwick represented Suprema in that dispute: In the matter of Certain Biometric Scanning Devices, Components Thereof, Associated Software, and Products Containing the Same.
Congratulations to our client, Suprema, for its strong growth and its promising innovations.
More information can be obtained from The Korea Times: Suprema comes back in big way.