Patent cases dismissed
In October 2013, Accumulate AB filed a lawsuit against Seamless Distribution AB (publ) for alleged patent infringement. In August 2014, Seamless filed a lawsuit against Accumulate where Seamless claimed that Accumulate’s patent should be declared invalid.
On September 15, 2017, the Swedish Patent and Market Court announced its judgements in both cases. The judgements were appealed by Accumulate to the Swedish Patent and Market Court of Appeal, and the court has now decided to dismiss both cases.
The reason behind the dismissal of the cases is that the parties have reached a settlement with the purpose to final, and without any further delay, regulate the issues that have been dealt with in both cases. The settlement provides that the parties shall withdraw the action and that the parties agree on the understanding that Seamless has not committed a patent infringement and that Accumulates patent (SE1050585-7, SE537539) will continue to be valid.
The settlement also provides for financial compensation to Seamless related to legal costs.
For more information, please contact:
Martin Schedin, CFO, email@example.com, +46 8 564 878 00
This is information that Seamless Distribution AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, at 8:50 a.m. CET on November 14, 2017.
Since 2001 Seamless has been providing its proprietary solutions and systems for mobile phone transactions. Seamless operates in two main business areas; mobile phone payment solutions (provided through the brands SEQR© and MeaWallet™) and distribution of e-products. www.seamless.se