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WirelessDevNet.com Press Release
NeoMedia Technologies Agrees to Settlement with AirClic
FORT MYERS, Fla., July 12, 2005 – NeoMedia Technologies, Inc. (OTC BB: NEOM), an innovator in wireless services and patented technologies that provide automatic links to Internet-based information, said today that it has reached an out-of-court settlement agreement with AirClic™, Inc., of Newtown, Pennsylvania, a provider of mobile process automation solutions.
In April 2004, NeoMedia sued AirClic, charging patent infringement, and AirClic filed a suit seeking to invalidate several of NeoMedia’s patents.
While terms were not made public, Charles W. Fritz, founder and chairman of NeoMedia, said the agreement calls for AirClic to compensate NeoMedia and set a schedule for future compensation by AirClic, with the companies dropping their respective lawsuits while leaving open the possibility of future collaborative efforts.
Mr. Fritz said AirClic did not receive a license to use NeoMedia’s patented PaperClick® technology, and that the companies agreed that AirClic’s current business model – mobile enterprise solutions – is not in NeoMedia’s space.
NeoMedia, whose PaperClick platform automatically bridges codes and key words direct to mobile content and Internet sites, “is happy to have litigation and settlement talks with AirClic behind us,” Mr. Fritz said.
“Each company has enormous opportunity, yet in very different markets,” said John E. Parker, president of AirClic. “Given the reality of how far our respective business models have diverged over the years, we are satisfied with this outcome.”
This is the second settlement reached by NeoMedia in recent weeks. On June 29th, NeoMedia announced that Virgin Entertainment had agreed to license PaperClick technology through 2016.
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com) is a developer and international marketer of software and patented technologies, including PaperClick (www.PaperClick.com) for Camera Phones™and the PaperClick Mobile Go-Window™ which link products, print and physical objects directly to targeted online data. NeoMedia also offers expertise in homeland security and e-authentication applications, and its Systems Integration Group specializes in providing expert-based IT consulting, hardware, and software solutions.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
PaperClick is a registered trademark, and PaperClick For Camera Phones and PaperClick Mobile Go-Window are trademarks of NeoMedia Technologies, Inc. AirClic is a trademark of AirClic, Inc. Other trademarks are properties of their respective owners.
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