SMARTRAC N.V.: SMARTRAC reaches comprehensive solution for pending RFID patent dispute
(firmenpresse) - (DGAP-Media / 04.11.2013 / 16:39)
PRESS RELEASE
SMARTRAC reaches comprehensive solution for pending RFID patent dispute
Agreement makes licensed RFID solutions from SMARTRAC and Motorola
Solutions available to Retailers, Brand Owners and RFID supply chain
partners.
Amsterdam, The Netherlands - November 4, 2013 - SMARTRAC N.V. ('SMARTRAC'),
the leading developer, manufacturer and supplier of RFID transponders, tags
and inlays, today announced that it has entered into an agreement with
Round Rock Research LLC to resolve a RFID patent dispute.
The RFID license agreement with Round Rock provides a solution for end
users including retailers, brand owners, customers and RFID supply chain
partners, for undeterred RFID deployments. The agreement is further
designed to facilitate dismissal of pending litigation between Round Rock
and retailers and brand owners based on follow-on individual agreements.
The licensing agreement is non-exclusive.
End users, such as retailers and brand owners that implement RFID solutions
using SMARTRAC licensed RFID tags, which may be processed, supplied, or
distributed through SMARTRAC's customers and supply chain network, and used
in combination with Motorola Solutions' fixed and handheld readers, are
free from Round Rock RFID patent claims.
'As a global leader in the RFID industry, SMARTRAC could not take a 'wait
and see' approach towards this litigation, which threatened to slow RFID
adoption in key markets,' said Clemens Joos, SMARTRAC Chairman and CEO.
'The agreement is designed to provide protection for all of our trusted
partners in the value chain, at the same time, clearly showing our intent
to collaborate for the greater benefit of the entire industry.'
About SMARTRAC:
SMARTRAC(R) is the leading developer, manufacturer and supplier of RFID and
NFC transponders and inlays. The company produces both ready-made and
customized transponders and inlays used in access control, animal
identification, automated fare collection, border control, RFID-based car
immobilizers, contactless payment cards, electronic product identification,
industry, libraries and media management, laundry, logistics, mobile and
smart media, public transport, retail, and many more. SMARTRAC has its
registered headquarters in Amsterdam, The Netherlands. The company
maintains a global research and development, production and sales network.
For more information, visit www.smartrac-group.com and follow us on
Twitter: www.twitter.com/SMARTRAC_NV.
SMARTRAC Media Contact:
SMARTRAC N.V.
Karin Fabri
Phone: +31 203 050 150
Email: media.relations(at)smartrac-group.com
End of Media Release
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Issuer: SMARTRAC N.V.
Key word(s): Information technology
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