|By Business Wire||
|September 9, 2013 10:04 AM EDT||
Straight Path IP Group, Inc. (SPIPG), a subsidiary of Straight Path Communications Inc. (NYSE MKT: STRP), said today that the International Trade Commission (ITC) has ordered an investigation of Certain Point-to-Point Network Communication Devices and Products Containing Same (Inv. No. 337-TA-892) based upon the complaint SPIPG filed on August 1, 2013.
The ITC has ordered an investigation of whether respondents LG Electronics, Panasonic, Sharp, Sony, Toshiba, and Vizio have violated Section 337 of the Tariff Act of 1930, as amended, by importing products that infringe SPIPG’s patents. SPIPG is seeking a limited exclusion order and cease and desist orders on the importation of the manufacturers’ products.
“We are pleased that the International Trade Commission has voted to proceed with an investigation of our complaint,” said David Jonas, Straight Path IP Group’s Chief Executive Officer, “and we look forward to the resultant findings and recommendations to the Commission.”
About Straight Path Communications Inc. (SPCI):
SPCI (NYSE MKT:STRP) leases its extensive holdings of 39 and 28 GHz fixed wireless spectrum licenses through its Straight Path Spectrum subsidiary. SPCI holds and licenses certain patent rights through its Straight Path IP Group subsidiary.