American Power Conversion sued by competitor Powerware Corp.

WEST KINGSTON, R.I., Jan. 27, 2003 — American Power Conversion Corp. announced recently that competitor Powerware Corp. has filed a lawsuit against the company.

The lawsuit, filed in the U.S. District Court for the Eastern District of North Carolina, alleges infringement of three patents (U.S. Patent Nos. 6,069,412; 6,310,783; and 6,400,586) owned by Powerware.

Powerware is a member of the Invensys Energy Management Division, one of three divisions comprising U.K.-based Invensys plc. APC has not yet been served with Powerware’s complaint.

“Although we have not yet been served with the lawsuit, we have obtained an opinion of counsel that we do not infringe these patents and we intend to vigorously defend against the lawsuit,” said Rodger B. Dowdell, Jr., APC’s president and CEO.

The suit references APC products which we believe represent a low single- digit percentage of APC’s annual revenue. Powerware is seeking unspecified damages and injunctive relief.

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