Settlement of Oracle litigationPerth, Western Australia –...

Settlement of Oracle litigation

Perth, Western Australia – Diversified technology and intellectual property group, ipernica ltd (ASX:IPR), today announced that a joint motion for dismissal of the patent litigation brought against Oracle by ipernica’s
business associate Financial Systems Technology (Intellectual Property)Pty Ltd (‘FST’) in the District Court of the Eastern District of Texas has been filed pursuant to the terms of a settlement agreement.
The terms of the settlement agreement are strictly confidential.ipernica continues to work with FST on a number of other projects.