Domino’s has blamed ‘inaccurate speculation’ about alleged infringement of patents used in its GPS driver tracker technology, for a slump in its share price on Friday.

The Queensland based pizza chain giant is currently in dispute with Precision Tracking, an IT firm which Domino’s said had unsuccessfully bid to supply services to the company. Precision Tracking alleges Domino’s has copied or reversed engineered its technology.

“We are a transparent Company and have absolutely nothing to hide,” said Domino’s Group CEO and managing director, Don Meij. “Unfortunately, we have a disgruntled potential supplier making false claims against Domino’s and its team members in an effort to try to latch on to Domino’s highly successful and innovative GPS Driver Tracker,” said Meij.

Meij said the claims were insinuated by self-proclaimed publicist of Precision, Phoebe Stuart-Carberry, , in a video documentary.

Domino’s made an application on February 26 to the NSW Supreme Court for an injunction to prevent Stuart-Carberry from publishing the documentary until further notice, also requesting a copy of the documentary. The court agreed to the requests with Domino’s asserting there was “nothing new in the untrue and misleading accusations being made by Precision Tracking,” after viewing the documentary late last week.

Domino’s did not contest the lifting of the injunction banning the publication of the film after viewing it and stated the claims of Precision Tracking “have no substance” and that they will “vigorously contest Precision Tracking’s allegations.”

“We have our own people that we need to protect and defend and we don’t tolerate any form of bullying or threats so we had to take a strong stance,” Meij said.

The GPS driver tracking dispute between Domino’s and Precision Tracking remains before the Patents office.

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