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 for the evaluation, planning, processing, measurement, grading and trading of diamonds and gems, has further expanded its enforcement efforts against intellectual property (IP) piracy in India by taking additional legal actions against suspected infringers.

Sarine has filed additional lawsuits against a number of Indian entities including Pramukh Gems, Samarth Diamond, Gopi Impex, Nirbhay Impex, Hari Krishna Laser Technlogy, Dhiren Diamonds and Bhumika Gems. The court granted ex-parte orders for court appointed commissioners to visit the premises of the alleged infringers to ascertain the presumed facts. The said court-ordered raids were executed on 18 May 2022 at eight various locations.

At this point Sarine is not in a position to disclose any additional details about the executed factfinding searches owing to undertaken confidentiality commitments and as the court proceedings are subjudice. However, it is believed that the court commissioners were able to find materials, relating both to hardware and/or software, which appear to be infringing its patent and copyright IP.

David Block, Chief Executive Officer of Sarine, stated, "For the past thirty-plus years, Sarine’s innovative and ground-breaking technologies have supported the diamond industry in India and led to ever increasing levels of manufacturing sophistication, higher yields and better quality, all at reduced levels of risk, thereby enhancing its profitability and propelling it to effectively dominate world diamond production. It is unfortunate that unscrupulous parties are tainting the entire Indian diamond industry. We are encouraged by the court's swift action, its understanding of the gravity of the situation and its granting of immediate steps to protect Sarine’s legal rights. We are hopeful that the measures necessary to halt these blatantly illicit practises will be implemented not only to rightfully protect Sarine's substantial investments in its IP, but also to safeguard the integrity of India’s diamond industry that relies so heavily on the public’s trust, and to enable Sarine to continue developing ever more advanced technologies for the diamond industry.”