CPI Card Group-Colorado Takes a License under Leighton’s Portfolio of “Contactless Card” Patents

Suffern, N.Y. – February 7, 2010 − General Patent Corporation (GPC), a leading patent licensing and enforcement firm, announced today on behalf of its subsidiary, Leighton Technologies LLC (Leighton), that it settled a patent lawsuit with CPI Card Group-Colorado, Inc. (CPI) of Littleton, Colo., which has licensed the Leighton portfolio of “Contactless Card” patents.

General Patent Corporation had contacted CPI claiming infringement of the Leighton patent portfolio. CPI filed an action for declaratory judgment (10 CV-02583) in U.S. District Court for the District of Colorado. General Patent filed a counter-claim for patent infringement. CPI agreed to settle the patent litigation and take a license under the Leighton patents.

“General Patent is not going to be intimidated by a declaratory judgment suit and we are going to mount a vigorous defense and counterattack,” said Paul J. Lerner, Senior Vice President and General Counsel at General Patent Corporation. “We are pleased that CPI, after reviewing our counter claim for patent infringement, decided to settle the litigation and license the Leighton patents.”

CPI Card Group-Colorado, Inc. is the fifth licensee of Leighton’s portfolio of “Contactless Card” patents. The portfolio was previously licensed by Gemalto, Inc., HID Global Corporation, Oberthur Technologies Group and Allsafe Technologies, Inc.

About General Patent Corporation

General Patent Corporation, headquartered in Suffern, N.Y., is a leading intellectual property boutique focusing on patent licensing and enforcement. GPC represents inventors and patent owners by providing patent assertion and licensing on a contingency basis. General Patent Corporation is the managing member of Leighton Technologies LLC. GPC is the oldest contingency patent enforcement firm the U.S. For more information, visit www.generalpatent.com.

About IP Holdings LLC

IP Holdings LLC, a member of the GPC Group of Companies, is an IP-centric merchant banking organization. IP Holdings provides IP-related financial services and IP brokerage, and operates an IP incubator. IP Holdings is a member of Leighton Technologies. For more information, visit www.ip-holdings.com.