IP Portfolio Continues to Garner Respect for Patent Rights from Mobile Industry
Boulder, Co.—October 6, 2014 -- On August 12, 2014, the United States Patent Office issued U.S. Patent Number 8,805,728 to NeoMedia Technologies, Inc. (OTC BB: NEOMD), the industry’s innovator in global mobile barcode solutions. The newest patent adds to NeoMedia's already extensive intellectual property portfolio developed through its industry-leading barcode resolution technologies.
"We are proud to have been awarded this latest patent," said NeoMedia CEO Laura Marriott. "It confirms the groundbreaking technologies that NeoMedia has developed and uses everyday to serve thousands of customers. Our mobile barcode resolution services and technologies are the most advanced and efficient available in the market today."
The new patent will also be made available for licensing in NeoMedia's on-going patent licensing program, which recently passed a new milestone. Since September 1, NeoMedia has entered 11 agreements relating to its patents, bringing the total number of IP agreements the company has entered to over 80. NeoMedia is the only company that can license all the core patents that are asserted in the QR industry.
David Berten, a Partner at Global IP Law Group and one of the lawyers working on NeoMedia's patent licensing program said, "Companies around the world continue to demonstrate respect for NeoMedia's innovations by entering agreements with the company, and we anticipate additional agreements will be entered soon."
NeoMedia’s barcode services and IP have powered mobile marketing campaigns by some of the world’s most recognizable consumer brands, including the leaders in technology, science, food and beverage, consumer packaged goods and financial services. NeoMedia has 10,000+ customers using its barcode creation services (NeoSphere® and QodeScan®) and its barcode reader, NeoReader®, has 50+ million installations and is available free of charge in all major app stores.
A partial listing of those with IP agreements in place with NeoMedia can be found at http://www.neom.com/solutions/ip_licensing/customers.
NeoMedia Technologies, Inc. is a pioneer in QR technology and a leader in mobile barcode solutions that enable the barcode ecosystem worldwide. Its solutions have transformed 50+ million mobile devices with cameras across 193 countries into barcode scanners through its barcode scanning app, NeoReader, enabling a range of practical and engaging applications. With its suite of products, services and extensive IP portfolio encompassing over 60 patents, NeoMedia is the only company able to offer customers a mobile barcode solution, fully supported by its IP portfolio. NeoMedia’s current customers include global brands, agencies, retailers and handset manufacturers. The company has over 75 IP license agreements in place with some of the industry’s most prominent companies. Learn more at www.neom.com or connect with us at: Facebook, Twitter, or LinkedIn.
Statements contained in this press release, which are not purely historical facts, are forward-looking statements pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All such forward-looking statements are based largely on management's expectations and are subject to and qualified by risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, without limitation, factors described in each of NeoMedia’s filings with the Securities and Exchange Commission including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. NeoMedia does not undertake any duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
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