![]() |
![]() |
||||||||
TurboChef Responds to FAST Lawsuit ATLANTA, September 9, 2005 — TurboChef Technologies, Inc. (NASDAQ: OVEN) today responded to a press release issued by Food Automation - Service Techniques, Inc. ("FAST") concerning a lawsuit filed by FAST against TurboChef. Richard Perlman, Chairman of the Board of TurboChef, said "we have carefully reviewed the patent in question and we have concluded that our oven control systems do not infringe it. We therefore believe FAST's claims are without merit, and we will vigorously defend ourselves in their suit. In light of FAST's press release about the litigation, which we view as a desperate attempt by them to gain leverage, we have instructed our counsel to take any and all appropriate legal action against FAST. It is unfortunate for us to be forced to spend our shareholders' money defending a meritless lawsuit from people trying to share in our success." Jim Price, TurboChef's Chief Executive Officer, added "We have answered the FAST lawsuit with a complete denial of liability. Not only do we see no infringement of FAST's patent, but their patent was issued in 1990, and TurboChef has been selling ovens since 1993 and not once has FAST communicated with us about any of their concerns other than by filing the recent lawsuit and issuing a press release. We intend to hold FAST responsible for their actions." About TurboChef Technologies, Inc. Certain statements in this release, and other written or oral statements made by or on behalf of TurboChef, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements regarding future events and developments and TurboChef’s future performance, as well as management’s expectations, beliefs, plans, guidance, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward looking statements are subject to a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the following: the uncertainty of market acceptance and demand for TurboChef’s products, the ability to obtain additional financing necessary to continue or expand operations, the uncertainty of consumer acceptance of new products or technologies that may be offered by TurboChef, the dependence on a limited number of customers, relationships with and dependence on third-party equipment manufacturers and suppliers, impact of competitive products and pricing and other risks detailed in TurboChef’s filings with the Securities and Exchange Commission. The words “looking forward,” “believe,” “expect,” “likely,” “should” and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only for the date the statement was made. TurboChef Technologies, Inc. undertakes no obligation to publicly update any forward-looking statements, whether as a result of future events, new information or otherwise. For more information, contact:
|
|||||||||
|
|||||||||