Innovative Technology Sues Taiwanese Rival Over Currency Changers

Law360, New York (January 13, 2004, 12:00 AM EST) -- A U.K. maker of currency changers has sued a Taiwanese competitor in the U.S. District Court for the Northern District of California, claiming patent infringement.

U.K.-based Innovative Technology, which makes currency validation machines and currency changers, claims Taiwan’s International Currency Technologies Corporation is infringing its patent for a banknote validator.

The patent, U.S. Patent No. 6,392,863, was issued by the U.S. Patent and Trademark Office on May 21,2002, according to the complaint.

Innovative Technology says it notified International Currency Technologies of the alleged infringement in June...
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