“The company will work closely with global partners to immediately resume normal business activities and initiate the sale of related products,” Hytera said in a filing to the Shenzhen Stock Exchange.
Hytera’s shares rose by the daily maximum limit of 10 per cent on Wednesday, following the stay of the global sales ban.
The US District Court for the Northern District of Illinois on April 2 temporarily enjoined Hytera from the global sales and distribution of its two-way radio products, pending the Chinese firm’s full compliance with the US court’s anti-suit injunction orders. Hytera announced on April 7 that it had suspended sales of those products in compliance with the court’s order.
Hytera, however, warned of potential uncertainties in the development of the case. “The case is still in the appeal stage, and the company will take various countermeasures and make the best efforts to revoke the [ban],” the firm said.
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A global sales ban on its two-way radio systems would pose a significant blow to Hytera, which generated 83 per cent of its 2022 revenue from professional wireless communications devices that largely comprise two-way radio products.
Schaumburg, Illinois-based Motorola Solutions initiated its court dispute against Hytera in 2017, accusing the Chinese firm of recruiting and hiring the US company’s employees and directing them to take proprietary information and trade secrets without authorisation.
After it was indicted by the US Justice Department in early 2022, Hytera filed a case with the Shenzhen Intermediate People’s Court later that year and sought a ruling that its new H-series products do not infringe Motorola Solutions’ trade secrets and copyrights.
In March this year, the US district court ruled that Hytera’s litigation in Shenzhen was in contempt of its sanctions and issued anti-suit injunction orders to force Hytera to drop that mainland case. Hytera on April 8 said that it had dropped its case in Shenzhen.
