General Patent Corporation Reaches Settlement in Patent Infringement Lawsuit with Sakar International, Inc.

General Patent’s Subsidiary, Advanced Video Technologies, Settles a Lawsuit for Infringement of Its Full Duplex Single Chip Video Codec Patent

Suffern, N.Y. − August 18, 2011 − General Patent Corporation (GPC), a leading patent licensing and enforcement firm, announced today on behalf of its subsidiary, Advanced Video Technologies LLC (AVT), that it reached a settlement with Sakar International, Inc. of Edison, N.J. in a patent infringement lawsuit it filed against Sakar and six other video camera suppliers.

AVT owns U.S. Patent No. 5,781,788 (the “‘788 Patent”) titled “Full Duplex Single Chip Video Codec.” In December of 2010, AVT filed a patent infringement lawsuit (Case No. 10-cv-9013) in the U.S. District Court for the Southern District of New York against seven video camera vendors. Thus far, Sakar is the fifth defendant to settle this lawsuit. Other companies, including Casio Computer Co., Ltd. and Casio America Inc., Electro Flip LLC and Audiovox Electronics Corporation, had previously licensed the ‘788 Patent.

“We are pleased to have now reached an agreement with five of the seven defendants in the AVT patent litigation,” said Paul J. Lerner, GPC’s Sr. Vice President and General Counsel. “The ‘788 Patent is available for licensing on non-discriminatory terms to other video manufacturers, importers and suppliers,” he added.

About Advanced Video Technologies LLC

Advanced Video Technologies LLC owns U.S. Patent No. 5,781,788 for “Full Duplex Single Chip Video Codec.” AVT is a portfolio company of IP Holdings LLC and is managed by General Patent Corporation. For licensing terms and conditions for the ‘788 Patent, contact Kathlene Ingham, GPC’s Director of Licensing, at (845) 368-4000 x107 or email kingham@generalpatent.com. For more information about Advanced Video Technologies LLC visit www.advancedvidtech.com.

About General Patent Corporation

General Patent Corporation, headquartered in Suffern, N.Y., is a leading intellectual property boutique focusing on patent licensing and enforcement. GPC is the oldest patent enforcement firm in the U.S., representing inventors, businesses, universities and other patent owners in patent enforcement and assertive licensing on a contingency basis. GPC is the managing member of Advanced Video Technologies LLC. For more information, visit www.generalpatent.com.

About IP Holdings LLC

IP Holdings LLC, an affiliate of General Patent Corporation, is an IP-centric merchant banking organization. IP Holdings provides IP finance, IP brokerage and IP advisory services. IP Holdings LLC is a member of Advanced Video Technologies LLC. For more information on IP Holdings, visit www.ip-holdings.com.