SMARTRAC N.V.
SMARTRAC N.V.: SMARTRAC reaches comprehensive solution for pending RFID patent dispute
PRESS RELEASE SMARTRAC reaches comprehensive solution for pending RFID patent dispute 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 Media Contact: End of Media Release Issuer: SMARTRAC N.V. Key word(s): Information technology 04.11.2013 Dissemination of a Press Release, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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