BackWeb Announces Resolution of its Patent Infringement Lawsuit Against Symantec
SANTA CLARA, Calif., June 2, 2010 - BackWeb Technologies Ltd. (Pink Sheets: BWEBF or BWEBF.PK) announced today that it has resolved its previously announced patent infringement litigation with Symantec Corporation that was pending in the District Court for the Northern District of California. Terms of the agreement remain confidential.
BackWeb’s operations are based in Santa Clara, CA and Rosh Ha'ayin, Israel. BackWeb has approximately 41.3 million shares outstanding.
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. BackWeb assumes no obligation to update any of the forward-looking statements in this release.
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