(DGAP-Media / 26.06.2014 / 15:13) PRESS RELEASE exceet responds to allegations of infringements against patent rights by Smartrac - Allegation is viewed unfounded - Patent rights were not violated Luxemburg - 24 June 2014 - Referring to a press release by Smartrac Technology Group of 17 June 2014, exceet Group SE ascertains that no Smartrac patent rights were violated. Smartrac's allegations relate to 300 cards using the "Mifare Plus" and "Mifare Classic" technology, which were procured via the exceet Card Group web shop. These cards were indeed manufactured using wire embedding technology, however the related contactless inlays were provided to exceet group by AdvanIDe, a 100% subsidiary of ASSA ABLOY. exceet selected AdvanIDe as a supplier to guarantee its clients high product quality as well as rapid and secure delivery due to well-known problems at other suppliers. As part of the ASSA ABLOY group - AdvanIDe has access to a wide variety of IP, including - but not limited to - licenses that have been granted by Smartrac to ASSA ABLOY in the year 2007. This was announced by Smartrac on January 3rd 2007 as follows: http://www.smartrac-group.com/press-releases-2006-2011.html?file=files/pre ss_archiv/2007/2007_01_03.pdf "We are glad that exceet Card Group has chosen AdvanIDe as their sole supplier of contactless wire embedding products" said Holger Roessner, Managing Director of AdvanIDe. "Over the recent years, exceet has developed to become our leading client for smart card silicon and RFID inlays in Europe", Roessner commented. ??"We wish to state that as a matter of principle we do not infringe on patents and remain very calm and confident in view of the legal steps taken against us", says Ulrich Reutner, CEO of exceet. About exceet Group SE exceet is an international technology group specializing in the development and manufacture of intelligent, complex and secure electronics. Contact exceet Group SE Fabian Rau Vice President Marketing E-Mail: f.rau@exceet.ch Phone: +49 172 3653167 End of Media Release =-------------------------------------------------------------------- Issuer: exceet Group SE Key word(s): Enterprise 26.06.2014 Dissemination of a Press Release, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------- Language: English Company: exceet Group SE 114, avenue Gaston Diderich L-1420 Luxemburg Grand Duchy of Luxembourg Phone: +352 2600 3181 Fax: +352 2600 3133 E-mail: info@exceet.ch Internet: www.exceet.ch ISIN: LU0472835155, LU0472839819 WKN: A0YF5P, A1BFHT Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in München End of News DGAP-Media =-------------------------------------------------------------------- 275396 26.06.2014
(END) Dow Jones Newswires
June 26, 2014 09:13 ET (13:13 GMT)