An intellectual battle of property is continuing to embroil 1 of the first companies for listing on the high-tech board of China.
The mainland manufacturer of electronics and also STAR Market-listed, Appotronics Corporation Limited is countersuing their rival based in Taiwan for attempting to void their patents in the recent escalation of a heated intellectual property dispute of cross-Strait.
On 29thJuly, Appotronics has become the very first company that was listed on the board and was established for attracting the innovative companies for being sued for the patent infringement once the Delta Electronics Inc. of Taiwan filed the proceedings in their Guangzhou court.
Delta said that a projector model of an Appotronics have infringed 3 of its patents, according to a statement that was filed by the Appotronics for the Shenzhen Stock Exchange.
Delta has asked Apotronics to stop the manufacturing as well as selling of the product and give 48.4 million yuan (6.9 million dollars) as a compensation which is about three-quarters of the net profits of the company for the first six months of the year.
Now, Appotronics has been asking the National Intellectual Property Administration for declaring the patent of Delta as invalid, on sunday the President of Appotronics, Bo Lianming told Caixin. The company said that they had filed a counterclaim on 30th July in a Shenzhen court blaming Delta for selling the 19 projector models which infringe the ten patents that are owned by the Appotronics.
Appotronics has demanded fifty-six million yuan (8 million dollars) in damages.