NeoMedia partners with Global IP Law Group for Patent Monetization
Strategic alliance with top IP law firm designed to increase value of NeoMedia's patent portfolio
Atlanta, September 19, 2011 - NeoMedia Technologies, Inc. (OTC BB: NEOM.OB), the global leader in mobile barcode scanning solutions, today announced a new partnership with Global IP Law Group (giplg.com), an elite law firm focused on unlocking the financial potential of intellectual property (IP). The alliance has been planned to assist in the monetization and enforcement of NeoMedia's IP and extricate further value from its large patent portfolio. NeoMedia's IP portfolio currently consists of over sixty issued and pending patents.
"Global IP Law Group is a leader in IP monetization and partnering with them is an important step forward in driving value for our IP portfolio. This partnership allows us to realize the potential of our efforts and innovations, further strengthening our existing partnerships. Mobile has become a key media channel for brands and agencies globally, and our IP and technology has been a key component," said Laura Marriott, Chief Executive Officer of NeoMedia Technologies, Inc.
Global IP concentrates on all aspects of monetizing intellectual property (particularly patents) through sales, licensing, and litigation. Over the last five years, the partners of Global IP have obtained nearly US $5 billion in closed and pending IP transactions, licenses and settlements for clients—far more than any other IP-focused firm in the world.
"NeoMedia's strong and valuable IP portfolio is a great addition for our organization. In recent years we have secured significant revenue for our clients, and we look forward to working closely with NeoMedia to help them reap the financial benefits of its IP portfolio," said Ragnar Olson, Global IP Law Group.
To learn more about NeoMedia's product portfolio visit www.neom.com.
NeoMedia Technologies, Inc. is the global market leader in 2D mobile barcode technology and infrastructure solutions that enable the mobile barcode ecosystem world-wide. Its technology platform transforms mobile devices with cameras into barcode scanners, enabling a range of practical and engaging applications including consumer oriented advertising, mobile ticketing and couponing, and business-to-business commercial track and trace solutions.
NeoMedia's suite of products, services and extensive IP portfolio means it is the only provider able to offer customers a comprehensive end-to-end mobile code solution. NeoMedia's current customers include handset manufacturers, platform providers, brands and agencies looking to offer pioneering mobile barcode solutions to their customer base.
NeoMedia's product portfolio includes: mobile barcode management & infrastructure solutions, barcode reader solutions, Mobile Coupon & Affiliate Marketing, Mobile Ticketing & POS Integration and IP Licensing. Learn more at www.neom.com or visit us at one of the following online destinations:
About Global IP Law Group, LLC
Global IP Law Group, LLC is a law firm based in Chicago, Illinois with affiliates in London, Auckland, and Seoul. Global IP assists clients in monetizing patents through sales, licensing, and litigation. The firm advised Nortel Networks through the monetization process of Nortel's more than 6,000 patents, which culminated in pending sale to a consortium including Apple, Microsoft, RIM, Sony and Ericsson for $4.5 billion.
For PR inquiries, please contact NeoMedia's PR team:
US: Marla Cimini / Nora Snoddy, +1 856 616-1194 / +1 973 941 0986
Europe: Sarah O'Neill / Ryan Waters, +44 207 751 4444