Peachtree Corners, GA (July 13, 2017) — Color Imaging Inc. (CI), a leading aftermarket manufacturer of toner products based in Peachtree Corners, GA, announced today that it and General Plastic Industrial Co. Ltd. (GPI) of Taiwan have reached a formal agreement under which GPI has agreed to indemnify CI for all potential liability and costs arising by reason of recent patent infringement litigation relating to the design of GPI’s toner cartridge products.
GPI believes that it has meritorious challenges to the recent jury verdict and will ultimately prevail on all claims arising in this litigation. GPI has formally agreed to indemnify CI for any potential liability arising from such claims since the claims did not relate in any way to CI’s toner.
Forward-Looking Statements
Various statements contained in this press release are forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenues, income and capital spending. Forward-looking statements involve inherent risks and uncertainties that are difficult to predict, many of which are beyond our control. The forward-looking statements in this press release speak only as of the date of this release, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
