Questel-Orbit Announces 2002 Official Results.Business Editors MCLEAN, Va.--(BUSINESS WIRE)--April 8, 2003 Questel-Orbit continued to underscore its 2002 strategy, which is centered on the online distribution of intellectual property information Despite the past year's weak economy, Questel Orbit's performance figures remained healthy. The company invested steadily in R&D projects and deployed nearly one third of its staff to new programs that are geared as much to pushing new technology as to new content. Both moves have led to significant growth in the company's share of the patent market. Highlights of the Questel-Orbit's accomplishments in 2002 include: -- Worldwide success of the company's proprietary database PlusPat. -- Developments in the full-text collection and patent document delivery service. -- Launch of information in XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. format. -- Expansion of the trademark line to include Internet domain names. -- A new partnership agreement with PATOLIS PATOLIS Patent Online Information System , a patent information provider based in Japan. -- Major redesign and upgrades in QPAT QPAT Quebec Provincial Association of Teachers (Quebec, Canada) that have turned the first end user online patent search tool into an integrated service that lets users of all levels search for patent information, as well as order and distribute patent copies and present search results in report format. Operating results turned in significant growth of US$1.45M, almost 7% of revenues. These results followed at the heels of 2001's net income balance, the first in the company's history. During its meeting on March 21, 2003, the Shareholders Assembly decided on an equal allotment of 2002 results between equity increase and dividends. Not to be outdone out·do tr.v. out·did , out·done , out·do·ing, out·does To do more or better than in performance or action. See Synonyms at excel. , other financial fundamentals are no indebtedness and growing cash reserves Cash reserves See: Cash investments cash reserves Investment funds that are held in short-term assets such as Treasury bills and certificates of deposit until more permanent investment opportunities are available. . Considering today's economic situation, 2003 will be devoted to consolidating 2002 activities. Questel-Orbit will continue focusing on IP and will improve its P/L P/L Pipeline P/L Profit and Loss P/L Product Liability P/L Payload P/L Property Line P/L Packet Loss P/L Pulsed Laser P/L Packing List (shipping) P/L Personal Lines P/L Proprietary Limited Company by pursuing its cost management program, optimizing its production tools and better adapting its offer to the market needs. For the future, Questel-Orbit will remain with its proven business model. In 2002, Questel-Orbit invested in the companies IP Dipper dipper, common name for the only aquatic member of the order Perciformes (perching birds) found near cold mountain streams. With their short, stubby wings and tails and their thick brownish plumage, dippers are thought to be closely related to the wrens. and Artegy Telematique. More recently, the company established partnerships with the Danish Patent and Trademark Office (DKPTO DKPTO Danish Trademark and Patent Office ), i2, Centredoc and BizInt. In 2003, the group will continue its strategic acquisitions. About Questel-Orbit: Questel-Orbit has been helping manage some of the world's most important IP portfolios for the last 25 years. The company provides best-of-breed IP data and search products, including databases containing the world's most comprehensive collection of patents and trademarks. The Intellectual Property Group is Questel-Orbit's major shareholder and specializes in patent and trademark business. |
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