NeoMedia Contracts with Baniak Pine & Gannon To Help License and Protect its Intellectual Property Portfolio.Business Editors FT. MYERS, Fla.--(BUSINESS WIRE)--Feb. 1, 2002 NeoMedia Technologies, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on SC: NEOM), a leading developer of technologies that link physical information and objects to the Internet, announced today that it has retained Baniak Pine & Gannon of Chicago, a leading intellectual property law firm, to help license and protect its patents and complete IP portfolio. Charles W. Fritz, NeoMedia's chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said has company will work with the law firm to formulate and implement a licensing strategy and to conduct license or settlement negotiations aimed at obtaining compensation for infringement of the company's patent rights. "Baniak Pine & has an extremely strong background in licensing," Fritz said. "Michael Baniak is a prominent member of the prestigious Licensing Executives Society, and recently served as Trustee of this intellectual property technology transfer organization. While litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. is its mainstay, the firm characterizes itself as trial attorneys who also are IP attorneys." Continuing Strategy Set in 2000 Fritz said that "today's announcement solidifies and strengthens a strategy first set by the company nearly two years ago (see "NeoMedia Board Decides to License Intellectual Property Suite, Position Will Allow Companies to Develop Rapidly Emerging Market," Business Wire, August 17, 2000). "As an innovator and pioneer, NeoMedia has been ahead of the curve in the Print-to-Internet space," said Fritz. "NeoMedia's patents and IP have a broad range of appeal, and are keys to products and solutions linking physical objects, such as print, directly and quickly to the Internet, as well as interfacing with RF/ID See RFID. (radio frequency ID), voice recognition, and others. Now, with Baniak Pine and Gannon as our counsel, our shareholders can be assured that NeoMedia is working to maximize revenues from companies wishing to use our Paperclick(TM) Technology, patents and other IP in the future, and from companies we believe may currently be infringing on those rights." NeoMedia's patents pertain to pertain to verb relate to, concern, refer to, regard, be part of, belong to, apply to, bear on, befit, be relevant to, be appropriate to, appertain to linking documents, objects and transactions directly to the Internet through a variety of auto-ID technologies including bar code scanners A device specialized for reading bar codes and converting them into either the ASCII or EBCDIC digital character code. Pen scanners, also known as wand scanners, were the first type of bar code scanner developed in the 1970s. , RF/ID, magnetic stripe cards A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles on a band of magnetic material on the card. , audio coding and voice recognition input, pertinent in a number of mobile commerce applications, including use with digital and analog cell phones over audio portals. Among the leading companies currently licensed to use NeoMedia patents is Symbol Technologies, Inc. (NYSE NYSE See: New York Stock Exchange :SBL SBL Society of Biblical Literature SBL Symbol Technologies, Inc. (NYSE symbol) SBL Spamhaus Block List SBL Space-Based Laser SBL Securities Borrowing and Lending SBL Supreme Beings of Leisure (band) ), which was given the right to grant licenses to itself and third parties under NeoMedia's intellectual property for a fixed fee per device (see "NeoMedia, Symbol Form Strategic Relationship," Business Wire, May 14, 2001). About NeoMedia Technologies NeoMedia Technologies, Inc. (www.neom.com) develops technologies that link physical information and objects to the Internet, marketing services under the PaperClick(TM) trademark. In addition, NeoMedia's Systems Integration Group specializes in Open & Storage System solutions and automating print production operations. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 trademark of NeoMedia Technologies, Inc. |
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