RCS - ParTec AG - ParTec AG files patent infringement suit

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11/06/2024 08:00

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RNS Number : 8726R  ParTec AG  10 June 2024

 ParTec AG / Key word(s): Miscellaneous/Legal Matter

ParTec AG: ParTec AG files patent infringement suit against Microsoft
 Corporation in Texas, USA, with its licensing agent BF exaQC AG

10-Jun-2024 / 17:33 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation
 (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Publication of inside information pursuant to Article 17 of Regulation (EU) No
 596/2014

 ParTec AG files patent infringement suit against Microsoft Corporation in
 Texas, USA, with its licensing agent BF exaQC AG

 Munich, June 10, 2024 - ParTec AG (ISIN: DE000A3E5A34 / WKN: A3E5A3) and its
 licensing agent BF exaQC AG today filed a patent infringement lawsuit in the
 US against Microsoft Corporation. The core of the legal dispute is the
 infringement of ParTec patents relating to the dynamic modular system
 architecture (dMSA) that ParTec developed and uses worldwide in the
 construction of powerful leading-edge AI-supercomputers. The lawsuit seeks,
 among other things, an injunction against the use of the patented technology
 as well as license fees and compensation for damages.

End of Inside Information

Information and Explanation of the Issuer to this announcement:

 Explanatory part:

 ParTec AG and BF exaQC AG hold a total of approximately 150 patents and patent
 applications worldwide. One of the most important patents is ParTec's dMSA
 patent, US Patent 10,142,156. The dynamic Modular System Architecture (dMSA)
 approach is a unique selling point of ParTec AG. It has proven itself in
 particular for the complex requirements of massive computing power in
 artificial intelligence such as AI training and inference and is fundamental
 for the dynamic interaction of CPUs and GPUs and other processors in
 supercomputers.

 The importance of ParTec AG's patents is demonstrated by their use in
 world-leading, modern European supercomputers such as Leonardo in Bologna,
 JUWELS and JUPITER in Jülich or Meluxina in Luxembourg, all of which were
 built on the basis of dMSA and are internationally regarded as pioneering. In
 addition, ParTec AG is already in negotiations with a well-known American chip
 manufacturer for the licensing of patents, as well as in contact with US
 authorities for use in the world's largest exaFlop Supercomputer under
 construction. In the past ParTec also licensed the patents in a deal worth
 millions in Europe for the construction of modular supercomputers.

 "Microsoft is infringing our intellectual property with its wave of AI
 supercomputers as part of their cloud computing platform Azure. We have
 therefore decided to file a lawsuit in Texas, USA," explains Bernhard
 Frohwitter, CEO of ParTec AG and BF exaQC AG.

 Leading US law firm Susman Godfrey L.L.P. is representing the ParTec and BF
 exaQC in this litigation, led by partner Justin Nelson.

 About ParTec AG:

 ParTec AG specializes in the development and manufacture of modular
 High-Performance Computing (HPC) systems and Quantum Computers (QC) as well as
 accompanying system software. Its offering also includes consulting and
 support services in all areas of the development, construction, and operation
 of these advanced systems. The dynamic Modular System Architecture (dMSA)
 paradigm is the result of more than ten years of research and has been
 developed by ParTec as a novel system design for massively parallel
 high-computing systems. The dMSA and its enabling ParaStation Modulo Software
 Suite, developed and maintained by ParTec, have proven particularly successful
 for the complex requirements of massive computing power in AI. Further
 information on the company and ParTec AG's innovative solutions in the field
 of high-performance computing and quantum computing can be found at
 www.par-tec.com.

 Investor Relations Manager

 edicto GmbH

 Dr Sönke Knop / Doron Kaufmann

 partec@edicto.de

 +496990550551

 Contact for press inquiries:

 E-mail: press@par-tec.com, Phone: +4915122675393

10-Jun-2024 CET/CEST The EQS Distribution Services include Regulatory
 Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com

 Language:     English
 Company:      ParTec AG
               Possartstr. 20
               81679 Munich
               Germany
 E-mail:       investor-relations@par-tec.com
 Internet:     www.par-tec.com
 ISIN:         DE000A3E5A34
 WKN:          A3E5A3
 Listed:       Regulated Unofficial Market in Berlin, Frankfurt (Scale), Munich
 EQS News ID:  1921899

 

 End of Announcement  EQS News Service

1921899  10-Jun-2024 CET/CEST

 

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