(PRESS RELEASE) HOD HASHARON, ISRAEL — Singapore Exchange Mainboard and Tel-Aviv Exchange listed Sarine Technologies Ltd (“Sarine” and along with its subsidiaries “the Group”) (U77:SI; SARN.TA), a worldwide leader in the development, manufacturing, marketing and sale of precision technology products and services for the evaluation, planning, processing, measurement, grading and trading of diamonds and gems, wishes to report upon the positive outcome of a lawsuit filed by Sarine against the diamond manufacturer Rudra Diam for infringement of Sarine’s copyrighted Advisor diamond planning software.
The Commercial Court in Surat, India has issued an injunction against Rudra Diam permanently prohibiting them from ever using “infringing/pirated versions of Sarine’s Advisor software/computer program (any version thereof), in any manner whatsoever”. In addition, Rudra Diam was required to purchase valid and legal Advisor workstations from Sarine in lieu of any pirated versions currently in use.
David Block, chief executive officer of Sarine, stated, “This is an important step in Sarine’s ongoing efforts to protect its valuable intellectual property. We are committed to enforcing Sarine’s rights and to protect its enormous investment against any and all attempts by other parties to produce and/or use infringing products. We intend to leverage this judicial result and follow through with similar lawsuits against other users of pirated/infringing software.”