NeoMedia reaches mobile barcode settlement with Scanbuy
Mobile marketing solutions providers NeoMedia Technologies and Scanbuy announced a settlement of all pending litigation between the two firms, granting each other non-exclusive patent licenses covering their respective mobile barcode technologies. NeoMedia brought a patent infringement suit against Scanbuy in 2004, seeking compensatory damages--Scanbuy and Marshall Feature Recognition filed suit against NeoMedia four years later. Per terms of the settlement, NeoMedia awards Scanbuy a royalty bearing, non-exclusive license to a portion of its patent portfolio in the U.S.--in turn, Scanbuy is granting NeoMedia a fully paid, irrevocable, non-exclusive license of Scanbuy patents and a fully paid, non-exclusive sublicense to all of the patents licensed by MFR to Scanbuy within the U.S.
Scanbuy's ScanLife app enables consumers to scan two-dimensional barcodes with a standard camera phone to automatically display a specific mobile website and launch video clips--users can then view and share that information via social networking communities.
For more on the mobile barcode settlement:
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