NeoMedia Licenses Mobile Barcode Patents to Progressive Insurance
BOULDER, Colo.--(BUSINESS WIRE)-- 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."
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.
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 email@example.com, +1-312-241-1508
For PR inquiries, please contact NeoMedia's PR team:
US: Lisa Astor / Marki Conway, +1 617 502 4300
KEYWORDS: United Kingdom United States Europe North America Colorado Ireland
The article NeoMedia Licenses Mobile Barcode Patents to Progressive Insurance originally appeared on Fool.com.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.