SANTA CLARA, Calif., February 27, 2012 - BackWeb Technologies Ltd. (OTC Pink: BWEBF or BWEBF.PK) announced today that it has reached a settlement of its previously announced patent infringement litigation against International Business Machines Corporation (IBM). BackWeb had filed suit in September 2010 alleging patent infringement and seeking damages, an injunction and a declaration by the Court that IBM's software update technologies infringe BackWeb's patents. Under the settlement, all claims have been resolved, and the BackWeb patents are now licensed to IBM. The settlement and license agreement with IBM do not impact BackWeb's patent litigation versus Hewlett-Packard Company (HP), which continues.
2011 Preliminary Pro Forma Balance Sheet
2010 Annual Report:
BackWeb® Technologies Ltd. (www.backweb.com) has developed a range of communications software technologies and solutions enabling distribution of important information and digital assets. The company currently has very limited operations. BackWeb's operations are based in Santa Clara, CA and Israel.
Statements in this news release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements of beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, but are not limited to, comments concerning BackWeb's future company plans and future financial results. BackWeb assumes no obligation to update any of the forward-looking statements in this release.
© 2012 BackWeb Technologies Ltd. All rights reserved. BackWeb is a registered trademark. All other trademarks are property of their respective owners.
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