Peerless Network Applauds United States Court of Appeals Ruling

Decision Re-affirms Lower Court Ruling Invalidating Neutral Tandem Patent

Peerless Network Growth Accelerates

CHICAGO--(BUSINESS WIRE)-- On January 30, 2012, the United States Court of Appeals for the Federal Circuit denied Neutral Tandem’s (TNDM) petition for rehearing of its appeal in its patent litigation with Peerless Network, Inc. The panel of judges from the appellate court issued an overwhelming, 3-0 ruling, on December 13, 2011, affirming the lower court’s ruling in favor of Peerless. The only option left for Neutral Tandem is to appeal to the United States Supreme Court. Barring the Supreme Court deciding to review the case, this ruling effectively ends Neutral Tandem’s attempt to foist this ill-fated patent on Peerless and the industry at large.

The speed with which the court acted is telling. It issued its initial affirmation order just days after conclusion of oral arguments. This reaffirmation decision was issued with extraordinary speed. Of course, these rulings relate back to the lower court’s decision, declaring Neutral Tandem’s patent invalid. The three Court decisions reinforce the US Patent and Trademark’s ruling invalidating Neutral Tandem’s Patent. The USPTO has invalidated all of the claims of the patent on multiple occasions. Peerless anticipates that this week’s action by the Court will bring the re-examination proceedings to a favorable close as well.

Peerless Network growth has accelerated during this hopeless lawsuit. The current minute run rate exceeds 3 billion minutes of traffic per month. Peerless is now connected to nearly every major domestic competitive telecommunications carrier network and is operational in over 38 major markets and dozens of secondary markets. The switches with which Peerless is directly connected contain nearly 300 million assigned telephone numbers. These figures have nearly doubled year over year.

“Our growth is a testament to our loyal customer base, which not only stood by us through this ordeal, but grew significantly over time. We expect growth to accelerate now that we have brought the litigation to a successful conclusion,” stated John Barnicle, CEO and President of Peerless Network.

Information on the litigation can be found at www.peerlessnetwork.com.

Peerless Network is a privately held company focused on simplifying the interconnection process for telecommunications service providers and end users alike. Peerless provides a broad range of services with reliable and cost-effective solutions to seamlessly access a myriad of networks regardless of protocol, traffic type, or regulatory jurisdiction. Headquartered in Chicago, Peerless Network currently offers service in Tier 1 and Tier 2 markets and over one hundred Local access Transport areas (LATAs). For more information, please visit www.peerlessnetwork.com.

CONTACT:

Pipeline Media Relations
Matt Batt, (847) 201-6588 ext. 222
matt@pipelinemediarelations.com

KEYWORDS:   United States  North America  Illinois

INDUSTRY KEYWORDS:   Technology  Networks  Telecommunications  Mobile/Wireless  VoIP

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