Nautilus Hyosung America Wins With ITC Final Determination Confirming Diebold Nixdorf's Infringement of Key Patented Technology

In the July 14, 2017 decision, the ITC found Diebold Nixdorf infringed Hyosung's U.S. Patent No. 8,523,235, which was a major advancement in the industry – providing critical automated deposit technology with a specific, high-efficiency, high-reliability design for the processing and depositing of mixed bundles of cash and checks while avoiding the significant dangers accompanying overlapped bills. Based on its finding of infringement and the determination that Diebold Nixdorf has violated the trade statute, the ITC has issued orders that bar Diebold Nixdorf from importing and/or selling in the U.S. any ATMs containing Hyosung-patented technology.

"Today is yet another great day for Hyosung as the ITC has affirmed the ALJ's ruling that Diebold is wrongfully infringing Hyosung's patented technology," said Sungmahn Kim, EVP and COO of Nautilus Hyosung America. "Although we did not start this patent dispute with Diebold Nixdorf, we have every intention of ensuring this ruling is properly enforced and their ATMs and components are kept out of the U.S."

About Nautilus Hyosung America
Hyosung is the North American subsidiary of South Korea-based Hyosung, Inc., a global leader in providing ATMs to the retail off-premises and financial institution markets. Since entering the North American market in 1998, Hyosung has become the largest provider of ATMs in the United States. Hyosung is headquartered in Irving, Texas, and provides research and development support in its Global Software Center in Dayton, Ohio.

SOURCE Nautilus Hyosung America

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