January 23, 2012 - Zhuhai, China EPSON AND NINESTAR ANNOUNCE SETTLEMENT OF THEIR LONG-RUNNING DISPUTES OVER INK JET CARTRIDGE TECHNOLOGIES Zhuhai, China and Long Beach, Calif. – Jan. 23, 2012 – Seiko Epson Corporation, Epson America, Inc, Epson Portland Inc., Ninestar Technology Co. Ltd, and Ninestar Technology Company, Ltd. announced today that the parties have settled all disputes relating to alleged infringements of Epson’s U.S. patents by Ninestar’s new and remanufactured cartridges.  The comprehensive settlement includes actions pending before the U.S. International Trade Commission in Washington, D.C. and lawsuits filed the U.S. District Court in Portland, Ore.   The parties reached a settlement agreement several months after the Oregon District Court granted certain of Epson’s motions for summary judgment.  Without admitting any infringements, Ninestar agrees that the asserted Epson patents are valid and enforceable, that it will cease sales of the accused products and that it will not infringe the asserted Epson patents.  Ninestar may, however, continue selling legally remanufactured cartridges.  The parties look forward to resolving any further intellectual property disputes without the recourse to litigation, when possible.