TomTom 2005 Annual Report Download - page 87
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23.Postbalancesheetevents
AcquisitionofAppliedGenericsLtd.
OnJanuary112006,theGroupacquired100%ofthesharecapitalofAppliedGenerics.AppliedGenericshasdeveloped
technologythatmakesitpossibletogeneraterealtimeroadtrafficinformationbasedontheanalysisofmobilenetwork
usageandcell-switching.Thetechnologyiscommerciallydeployedandhasthepotentialtodeliverhighqualitytraffic
informationatafractionoftheinvestmentnormallyrequiredtogeneratetrafficinformation.
Notificationofpatentinfringementclaim
AttheendofJanuary2006TomTomInc.wasinformedthatGarminhasfiledapatentinfringementlawsuitagainst
TomTomInc.intheWesternDistrictCourtofWisconsinalleginginfringementoffivepatentsintheUS.TomTomInc.
rejectsGarmin’sclaimsandwillvigorouslydefenditself.AtthisearlystageintheprocesstheCompany’smanagement
doesnotbelievethatalossismorelikelythannotwithrespecttotheseactions.