CardXX Announces New Patents and Continues with Innovatier Litigation

March 4, 2009 08:48 UTC

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- CardXX, Inc. (Pink Sheets: CXCQ) announced today that it has been awarded patents in Singapore and Mexico for its proprietary encapsulation technology for the production of advanced smart cards, active RFID tags and other devices, and currently has over 30 patent applications pending in a number of other countries. CardXX’s patent portfolio protecting the unique advantages of its RAMP Technology continues to expand.

CardXX also announced that its litigation with Innovatier, Inc. has been temporarily stayed due to Innovatier’s recent filing for bankruptcy under Chapter 11. CardXX’s counterclaims against Innovatier in such litigation include, but are not limited to, breach of contract, misappropriation of trade secrets, and unenforceability of Innovatier patent and patent applications.

While Innovatier proceeds with its bankruptcy case, CardXX is exploring various alternatives to proceed with its claims against Innovatier and to protect against the misappropriation of its technology by Innovatier and its partners, customers, affiliates and successors. According to Stephen Wapelhorst, CardXX’s President and CEO, "CardXX looks forward to completing the litigation necessary to establish that its RAMP technology and all associated rights and privileges are exclusively owned by CardXX. CardXX will continue to vigorously protect its unique patented and proprietary electronics packaging technology against misappropriation."

About CardXX

CardXX provides secure encapsulation of advanced electronics with its proprietary, patented encapsulation process known as the Reaction Assisted Molded Process (RAMP) for the production of advanced powered Smart Cards, Active RFID tags, and other small form factor devices. RAMP is a core technology used for next-generation smart card and RFID device manufacturing that enables the integration of electronic components such as batteries, data displays, keypads, chemical sensors, fingerprint sensors, and other elements.

The Statements contained in this release that are not purely historical are forward-looking statements within the Private Securities Litigation Reform Act of 1995 and are subject to various risks, uncertainties and other factors that could cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements include, but are not limited to, those relating to demand for the Company's services, expected demand for our services and expectations regarding our revenues, the Company's ability to continue to utilize goodwill, to continue to increase gross margins, to achieve and manage growth, to develop and market new applications and services, risks relating to the acquisition and integration of acquired businesses, demand for new services and applications, timing of demand for services, industry strength and competition and general economic factors. Investors are directed to consider such risks, uncertainties and other factors described in documents filed by the Company with the Securities and Exchange Commission.

Contact

CardXX Inc.

Stephen Wapelhorst, 303-762-8570