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Radware Wins Patent Infringement Against F5 Networks in Jury Trial

After Conceding To Infringement Of The Patents, F5 Also Found By The Jury To Be Willfully Infringing Radware’s Patents

* Jury upheld validity of Radware’s patents

* F5 conceded infringement of Radware patents

* Jury found that F5 willfully infringed upon Radware’s patents

* Radware awarded $6.4 million in damages

MAHWAH, N.J., March 16, 2016 (GLOBE NEWSWIRE) -- Radware® (NASDAQ:RDWR), a leading provider of cyber security and application delivery solutions ensuring optimal service level for applications in virtual, cloud and software defined data centers, announced that it prevailed in its patent infringement lawsuit against F5 Networks, Inc., in the Northern district of California. The Honorable Ronald M. Whyte, presided over the three-week jury trial that started on February 22, 2016.

The jury upheld the validity of Radware’s patents as it unanimously found that defendant F5 Networks willfully infringed upon Radware’s patent no. 8,266,319 and no. 8,484,374. Pursuant to the verdict, the jury awarded Radware damages amounting to $6.4 million. The jury’s unanimous finding of willful infringement also means that the Court may treble damages after trial. The jury’s findings also mean that Radware may pursue injunctive relief against future sales of infringing F5 Big-IP.

“This is a significant win for Radware,” said Roy Zisapel, Radware President and CEO. “The courts have reaffirmed our leadership position in innovation. Now that we have asserted our intellectual property, we will be able to continue to take action to protect it.”

About Radware

Radware® (NASDAQ:RDWR), is a global leader of application delivery and cyber security solutions for virtual, cloud and software defined data centers. Its award-winning solutions portfolio delivers service level assurance for business-critical applications, while maximizing IT efficiency. Radware’s solutions empower more than 10,000 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down. For more information, please visit www.radware.com.

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Safe Harbor Statement

This press release may contain statements concerning Radware’s future prospects that are “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Statements preceded by, followed by, or that otherwise include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware's current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions and volatility of the market for our products; changes in the competitive landscape; inability to realize our investment objectives; timely availability and customer acceptance of our new and existing products; risks and uncertainties relating to acquisitions; the impact of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; Competition in the market for Application Delivery and Network Security solutions and our industry in general is intense; and other factors and risks on which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, reference is made to Radware’s Annual Report on Form 20-F which is on file with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

Media Contacts: Deborah Szajngarten Radware (201) 785-3206 deborah.szajngarten@radware.com

Source:Radware Ltd.