Bridget Klebaur 06.27.13
SMARTRAC N.V. and 3M Company announced an agreement between SMARTRAC N.V., its subsidiary Neology, Inc., and 3M Company. The agreement resolves patent infringement litigation Neology initiated against 3M and Federal Signal Corporation relating to businesses purchased by 3M from Federal Signal Corporation in September 2012.
The agreement gives Neology, SMARTRAC and 3M access to each other’s RFID products in the transportation market – Neology will have access to 3M’s multi-protocol readers and 3M to SMARTRAC’s and Neology’s tags and technology in the transportation market. This positions the companies as suppliers of 6C RFID technology to the industry. The agreement also includes a confidential financial arrangement.
Given the superior communication protocol and open platform of the 6C RFID technology, the companies will provide their customers the path to interoperability via the ISO 18000 6C standard.
“We are very pleased and excited about the agreement,” said Francisco Martinez de Velasco, CEO of Neology. “Our patented cutting edge technologies allow us to manufacture superior products and provide excellent integration services tailored to our customers’ needs. We are confident we will become a valuable supplier to 3M and its subsidiaries and look forward to advancing the 6C standard.”
“3M is pleased to have reached an agreement that will allow both companies to solve the transportation market’s pressing need for interoperability via the ISO 18000 6C technology,” Dan McGurran, business director, 3M Motor Vehicle Systems and Services, said. “This will improve the efficiency of tolling and enhance the motorist experience.”
“We believe that our companies will mutually benefit from this agreement and we are delighted that we have been able to identify new opportunities to pursue together,” Christian Uhl, CFO of SMARTRAC, added. “We look forward to continue and intensify the collaboration and relationship between SMARTRAC and 3M.”
The agreement gives Neology, SMARTRAC and 3M access to each other’s RFID products in the transportation market – Neology will have access to 3M’s multi-protocol readers and 3M to SMARTRAC’s and Neology’s tags and technology in the transportation market. This positions the companies as suppliers of 6C RFID technology to the industry. The agreement also includes a confidential financial arrangement.
Given the superior communication protocol and open platform of the 6C RFID technology, the companies will provide their customers the path to interoperability via the ISO 18000 6C standard.
“We are very pleased and excited about the agreement,” said Francisco Martinez de Velasco, CEO of Neology. “Our patented cutting edge technologies allow us to manufacture superior products and provide excellent integration services tailored to our customers’ needs. We are confident we will become a valuable supplier to 3M and its subsidiaries and look forward to advancing the 6C standard.”
“3M is pleased to have reached an agreement that will allow both companies to solve the transportation market’s pressing need for interoperability via the ISO 18000 6C technology,” Dan McGurran, business director, 3M Motor Vehicle Systems and Services, said. “This will improve the efficiency of tolling and enhance the motorist experience.”
“We believe that our companies will mutually benefit from this agreement and we are delighted that we have been able to identify new opportunities to pursue together,” Christian Uhl, CFO of SMARTRAC, added. “We look forward to continue and intensify the collaboration and relationship between SMARTRAC and 3M.”