Panoptx Eyewear Sees No Business Interruption from Settlement

Panoptx Sees No Interruption in Business Stemming from Settlement with Protective Optics (Wiley X)
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PLEASANTON, CALIF. (August 16, 2007) -- Declaring that, “There will be no interruption in our business, either now or in the future,” Bob Hall, president and CEO of Panoptx, sets the record straight regarding a recent announcement by Protective Optics concerning settlement of a lawsuit brought by Protective against Panoptx for patent infringement. Hall continued, “Every product we sell now we can and will continue to sell, unimpeded by this settlement, through 2008. After that time, new designs already under development will reach the market, making this entire settlement moot.”

While the settlement agreement ends Protective's suit against Panoptx, a suit brought by Panoptx against Protective for patent infringement of their removable eyecup technology is still in litigation. "We brought this action because our patent rights to removable eyecup technology are covered by three patents, developed by Panoptx for Panoptx, and we expect to prevail," says Hall.

About Panoptx
Established in 1997, Panoptx developed the technology that combines the protection and performance benefits of goggles with the style of sunglasses. Today, the company designs and manufactures superior eyewear designed to offer the highest level of protection and comfort, especially during outdoor and high-speed activities. Complete with filtered vents and anti-fog lenses, Panoptx products are perfect for snow sports, motorcycle cruising, and water sports. Panoptx full line of proprietary lenses provides 100% UV protection and most is available in prescription. Panoptx are sold through sunglass stores, ski and sport shops, and authorized Harley Davidson dealers. For more information, visit www.panoptx.com

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