Company Report
Last edited 3 weeks ago
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ranked
#17
Performance (40m)
-9.0% pa
Followed by
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#ASX Announcements
stale
Added 9 months ago

Patent Infringement Case Dismissed

Mach7 Technologies Limited (“M7T” or “the Company”) (ASX:M7T), a company specialising in

innovative imaging software solutions, today advises that the patent infringement lawsuit brought by

AI Visualize, Inc. has been dismissed on appeal.

On 4 April 2024,1 the United States Court of Appeals for the Federal Circuit affirmed a lower court’s

dismissal of patent infringement claims asserted by AI Visualize, Inc., a Texas Corporation against

Nuance Communications, Inc. and Mach7 Technologies, Inc., a wholly-owned subsidiary of Mach7

Technologies Limited.2

In affirming the decision of the United States District Court for the District of Delaware, the Court of

Appeals held that the subject patent claims “are patent ineligible because they are directed to an

abstract idea and fail to transform that abstract idea into patent-eligible subject matter.”

In doing so, the Court confirmed that Mach7 Technologies, Inc. did not infringe on any patents.

M7T is pleased with the affirmation of this dismissal and the closure of this legal action.


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Great! Now can the shares respond in kind, please? It's been a long wait!

#TechnicalUpdate
stale
Added one year ago

After a promising set up, the post-4C price action has not been good.

Shares have now settled back into the range they broke out of, after rallying close to overhead resistance at $1 (the high was around 96c).

So back in the doghouse until there are material fundamental developments again (or the price starts moving ahead of those developments, as often tends to be the case especially in small cap land).

#Bull Case
stale
Added one year ago

This is another medtech name that has been a laggard for a while, and is now gaining legs after the VHA contract announcement.

Technically, there has been good follow through, and the price has punched through a couple of resistance levels (which have held in the past couple of attempts) to sit at a new 52w high. Looks promising. Significant overhead resistance does exist around $1, and also at $1.20-25.

#MissedByAHair
stale
Added 2 years ago

I had a top up order at 55c from a couple of weeks ago. That's been left hanging now.

Good to see a significant contract. Onwards and upwards!