Worldlink Issues Proceedings Against City Index

RNS Number : 1868Z

Worldlink Group Plc

13 March 2012

 



For release: 13 March 2012

Worldlink Issues Proceedings Against City Index

Worldlink Group Plc, (LSE: WGP) the UK listed Company with gatekeeper patents on providing changing data in real time for mobile devices announces today that it has filed proceedings at the High Court against City Index Limited for infringing its patent number GB2358768 covering the provision of real-time data to mobile devices.  City Index provides real-time data for clients who undertake spread-betting through City Index on a variety of mobile platforms which included iPhone, Blackberry and Android.  The proceedings include a claim for damages to reflect the loss in revenues to Worldlink since 2007 until the filing of these proceedings.

Worldlink is issuing this claim as part of programme designed to protect its rights to commercialise issued UK patent GB2358768. This patent was filed on 26th June 2000 and granted on 12 Dec 2001.  The patent expires on 26th June 2020. This formal commencement of proceedings comes after communication with the infringing company over the past year and the offer of a licence to operate from Worldlink.

Neil Riches, MD of Worldlink commented: "The correspondence with City Index did not lead to an agreed licence so we have reluctantly had to progress this to formal proceedings. 

The decision to prosecute has been taken following a written opinion from Alastair Wilson QC of Hogarth Chambers, one of the leading Patent Practices in the UK, and is being managed by Candey llp a leading firm of technology Lawyers."

For further information please contact:

Neil Riches                                                                                          01737 221 078

Managing Director

Worldlink Group Plc

Jon Belliss                                                                                            020 7101 7070

XCAP Securities plc.

Broker

Mike Wort/Anna Dunphy                                                              0207 556 1063/4

De Facto Financial

Notes to Editors

About Worldlink

Worldlink is one of the UK's leading real-time mobile applications companies with patented technology that allows information held on the mobile device to be updated automatically without the need for a manual refresh. Information is delivered via a mobile telecommunications network in real time, whilst intelligently minimising the bandwidth required to transmit the data.  The technology is patent protected in the US and UK and is patent pending in Europe.

Worldlink has already licensed its patents to leading institutions in the financial and technology sectors and is furthering this process in the UK, Europe, and the US, where partnerships have already been put into place.

For more information about Worldlink and its businesses please visit www.worldlink-data.com and www.worldlink-sports.com

 

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