Shares of 01 Communique are racing today after the company announced that a judge this morning denied defendant LogMeIn’s motion for a summary judgment of non-infringement.Shares of 01 Communique (TSX:ONE) are racing today after the company announced that a judge this morning denied defendant LogMeIn’s motion for a summary judgment of non-infringement.
The trial is expected to take place late in February. The exact date will be set at a pre-trial hearing January 17th.
“We remain confident in the merits of our case,” said Andrew Cheung, President and CEO of 01 Communique. “We are preparing in earnest for trial and look forward to our day in court, which we expect to take place in the not too distant future.”
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In July, 01 announced it had received an order from the United States Court of Appeals for the Federal Circuit regarding the company’s appeal in its patent litigation against LogMeIn, remanding the case back to the district court for trial. The order followed an earlier order that the Mississauga company’s case against LogMeIn would not go to trial.
Mississauga-based 01 Communique was founded 1992, when it released a a fax program called 01 Fax. 01 began developing remote access software in the late 1990′s, and filed for patents related to this technologies in 2000. 01 Communique was subsequently granted two patents in August, 2005.
At press time, shares of 01 Communique were up 25% to $1.15.