NeoMedia Licenses Mobile Barcode Patents to Progressive Insurance
http://www.businesswire.com/news/home/20130108006250/en/NeoMedia-Licenses-Mobile-Barcode-Patents-Progressive-Insurance
Boulder, CO, January 8, 2013 – NeoMedia Technologies, Inc. (OTC BB: NEOM), pioneers in the mobile barcode
industry, today announced that it has granted Progressive® Insurance (NYSE:PGR),
a worldwide, non-exclusive license to NeoMedia’s patents related to mobile
barcode resolution.
NeoMedia’s
growing Intellectual Property (IP) portfolio encompasses many mobile barcode
implementations used widely across the industry and NeoMedia has positioned
itself as a leader and pioneer in the mobile barcode industry. Progressive will look to leverage NeoMedia’s
IP property in its mobile offerings.
“This
agreement is another step forward in responsibly leveraging intellectual
property, as mobile technology plays an increasingly important role across all
industries and we appreciate Progressive’s leadership in this regard,” said
Laura Marriott, CEO of NeoMedia. “As businesses continue to realize the efficiency
that mobile barcode technology creates, it’s critical that they deliver
solutions that reflect responsible IP practices and that means licensing the
appropriate IP.”
About NeoMedia
NeoMedia
Technologies, Inc. is the pioneer in 2D mobile barcode technology and
infrastructure solutions that enable the mobile barcode ecosystem worldwide.
Its solutions have transformed nearly 25 million mobile devices with cameras
across 193 countries into barcode scanners, enabling a range of practical and
engaging applications. With its suite of
products, services and extensive IP portfolio, NeoMedia is able to offer
customers a comprehensive end-to-end mobile barcode solution. NeoMedia’s
current customers include international brands, agencies, handset manufacturers
and platform providers. The company also
has a growing portfolio of patent licensees including Microsoft and Kraft Foods
Group, Inc. Learn more at www.neom.com or one of our online destinations: LinkedIn, Twitter, and, Pinterest.
About Progressive
Celebrating
its 75th anniversary in 2012, The Progressive Group of Insurance Companies
(collectively, "Progressive Insurance") makes it easy to understand,
buy and use auto insurance. Progressive offers choices so consumers can reach us whenever, wherever
and however it's most convenient for them — online at progressive.com, by phone
at 1-800-PROGRESSIVE, or in-person with a local agent. Progressive offers
insurance for personal and commercial autos and trucks, motorcycles, boats,
recreational vehicles and homes. It's the fourth largest auto insurer in the
country, the largest seller of motorcycle insurance and a leader in commercial auto
insurance.
Progressive also offers car insurance online in Australia at
http://www.progressiveonline.com.au.
Founded
in 1937, Progressive continues its long history of offering shopping tools and
services that save customers time and money, like Name Your Price®, the
Snapshot Discount®, and a concierge level of claims service.
The
Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based
holding company, are publicly traded at NYSE:PGR.
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
more information on NeoMedia’s patents, please contact:
Global
IP Law Group, LLC
Cindy
Ahn, Global IP Law Group, LLC cahn@giplg.com, +1-312-241-1508
For
PR inquiries, please contact NeoMedia’s PR team:
US:
Lisa Astor / Marki Conway, +1 617 502 4300
press@neom.com
