This is another court defeat for Nestor, the judges already had said their patent action was groundless so they really did not have any option but to back down and withdraw.
It was only announced in the US on Friday, we should see something announced by Redflex today, I hope Redflex go on the front foot and spell out, politely of course, what shonks the Nestor management are.
It was only ever an attempt at a sales ploy by Nestor, their total costs of their failed patent actions against Redflex and Transol would be US$1 million+, idiotic when you look at the peanuts they spend on R & D.
RDF Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held