Crossroads Systems, Inc. (NASDAQ:CRDS) Files An 8-K Other EventsItem 8.01.
On June 6, 2017, Crossroads Systems, Inc. (the “Company”) received two decisions from the United States Court of Appeals for the Federal Circuit regarding the inter partes review (“IPR”) proceedings 2014-01226, 2014-01463, 2014-01544, 2015-00825, 2015-00852, 2015-00854, 2014-01207 and 2014-01209, affirming the decisions of the Patent Trial and Appeal Board (“PTAB”) of the United States Patent and Trademark Office.
As previously disclosed, on January 29, 2016, and March 17, 2016, the PTAB issued decisions in these IPR proceedings initiated against U.S. Patent Nos. 6,425,035, 7,051,147, and 7,934,041 related to technology the Company considers fundamental to secure and efficient access to network storage systems. The decisions stated that all patent claims subject to the IPRs are unpatentable.
The Company is reviewing these new decisions and will consider future actions accordingly.
About Crossroads Systems, Inc. (NASDAQ:CRDS)
Crossroads Systems, Inc. is a provider of data storage solutions. The Company develops technology and products that address information technology challenges, such as storing and protecting business data. Its products are delivered either as software or as software embedded in an appliance. Its products include StrongBox, which is a storage gateway solution that integrates storage tiers and technologies to simplify data management and enables data preservation; StrongBox VM, which is a software version of StrongBox that runs on VMware ESXi servers; StrongBox DataManager, which is a software enhancement to StrongBox that provides file migration from storage systems, such as NetApp, Linux and other servers; StrongBox VSeries Tape Libraries, which are paired with the StrongBox or StrongBox VM to provide customers a data storage solution; SPHiNX, which a virtual tape system that provides data protection, and FileStor HSM, which provides file management for policy-based data migration.
