Swissray Files Federal Action To Protect Trade Secrets And Obtains Temporary Restraint Against Imaging Dynamics Company, Ltd.
ELIZABETH, N.J., Nov. 24 /PRNewswire-FirstCall/ -- Swissray International, Inc. , a pioneer and worldwide leader in design, manufacturing and marketing of direct digital radiography ("ddR") technology, has filed a federal complaint in the Eastern District of New York to prevent the misappropriation of its proprietary information, including trade secrets, by former high level sales official Ricky Spordone and Imaging Dynamics Company, Ltd. (TSX: IDL), Spordone's new employer. On Friday, November 19, 2004, Swissray obtained a temporary restraint to prevent IDC from using Swissray's confidential and proprietary information while Swissray pursues appropriate legal remedies in court.
About Swissray
Swissray is the leading supplier of direct digital Radiography ddR technology commended by Frost & Sullivan for superior product value and design excellence. Swissray's ddR technology provides highest quality medical radiographic images in seconds and at a significantly lower cost than conventional or computed radiography because, among other factors, film, imaging plates, cassettes and chemical processing are not required.
Swissray has installed ddR systems around the globe in such diverse markets as the USA, Canada, Europe, Middle East, Africa, Asia and Latin America. For more information visit the Swissray website at http://www.swissray.com/ .
This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the company's control which may cause actual results or performance achievements of the company to be materially different from the results, performance or expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the company's periodic filing with the Securities and Exchange Commission.
"Safe Harbor Statement" Under the Private Securities Litigation Reform Act of 1995 Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Swissray officials during presentations about Swissray, are "forward- looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act").
These statements are not guarantees of future performance and Swissray has no specific intention to update these statements. More detailed information about those factors is contained in Swissray's filings with the Securities and Exchange Commission.
CONTACT: John Monahan Swissray International, Inc. (908) 353-0971 x112 jmonahan@swissray.com 1180 McLester Street Elizabeth, NJ 07201
Swissray International Inc.CONTACT: John Monahan of Swissray International, Inc., +1-908-353-0971,ext. 112, jmonahan@swissray.com
Web site: http://www.swissray.com/