Court rules in favour of Seamless in Accumulate cases

In October 2013, the Swedish privately held Accumulate AB filed a lawsuit against Seamless Distribution AB for patent infringement. In the lawsuit, Accumulate demanded that Seamless should cease to offer the mobile payment solution Seqr in Sweden. Seamless, which has always rejected any claim for patent infringement, filed a lawsuit against Accumulate in August 2014 where Seamless requested that Accumulate’s patent be declared invalid. 

The Patent and Market Court has now given judgment in both cases. In the case of invalidity, the court has ruled that Accumulate patent is to be annulled. Consequently, Accumulate's action against Seamless falls within the infringement action. The Court has nevertheless chosen to adjudicate Accumulate’s infringement action and arrived at the conclusion that, even if the patent would have been valid, Accumulate’s infringement action would still have been dismissed.  

"We have always rejected any claim for infringement of Accumulate’s patent and are of course pleased that the Patent and Market Court now confirms that Seamless is innocent of patent infringement," said Tomas Jalling, CEO of Seamless. 

"The Court decision to annul Accumulate’s patent is not surprising, we have always considered the patent to be incorrectly founded," continues Tomas Jalling.

For further information, please contact:

Martin N. Larsson, Head of Treasury/IR, martin.larsson@seamless.se, +46 8 564 878 00

This information 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 12:15 p.m. CET on September 15, 2017.

About Seqr

Seqr is the standard way to pay. Developed by Seamless, Seqr is the safe, fast and easy way to pay by mobile. The only thing the user needs is the Seqr app to scan a QR code or tap on the NFC terminal. Globally, over 30 million contactless card terminals now accept Seqr. The low investment and transaction fees for merchants and among others ensure that Seqr is the most widely used mobile payment solution in Europe. www.seqr.com

About Seamless

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

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About Us

Seamless is a global mobile payments company that provides electronic top-up systems and mobile payment services for mobile operators, distributors, retailers and consumers. Founded in 2001 and active in 35 countries, Seamless handles more than 5.3 billion transactions annually through 675,000 active sales outlets. Seamless has four main business areas: 1. Seamless Distribution Systems: Platform enabling digital distribution for Service Providers2. Seamless eProducts: Technology provider for distribution of physical and electronic products3. Seqr: Mobile Payment Platform4. MeaWallet: Provider of Host Card Emulation (HCE) and tokenization platform Seamless is truly an international company with customers all over the world. Our ambition is to be close to our customers, therefore, we have global sales, support and operations in Sweden, India, UAE, Pakistan, Ecuador, Belgium and Ghana, etc.In the last decade, we emerged as a trusted supplier and partner with technical excellence, business knowledge and commercially viable solutions. Our customers and long standing partnerships hold testimony to the quality of our product offerings and the efficiency of our services. As we move into the future, we aspire to continue exploring new grounds in mobile technology and introduce path-breaking products.

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