First license signed by France Brevets and NFC Technology, LLC under the NFC licensing program with INSIDE Secure and Orange
Aix-en-Provence, France, August 18, 2014 – INSIDE Secure (Euronext Paris: INSD), a leader in embedded security solutions for mobile and connected devices, today announced that France Brevets and NFC Technology, LLC have signed a worldwide royalty-bearing Near Field Communications (NFC) patent license with LG Electronics, Inc. (LG).
This NFC patent license with LG is a first success of France Brevets and NFC Technology, LLC under the NFC Patent Licensing Program that includes INSIDE Secure NFC patents and is managed by France Brevets.
This agreement is well in line with INSIDE Secure’scontinuedstrategy to focus on high added value embedded security solutions for mobile and connected devices while having the value of its patents recognized by the market.
Full financial details of the license agreement are not disclosed.
“This transaction with LG is an important step for the NFC Patent Licensing Program and does confirm the strength and expertise of France Brevetsand NFC Technology, LLC to license intellectual property assets.” said Remy de Tonnac, CEO of INSIDE Secure.
About INSIDE Secure
INSIDE Secure (Euronext Paris FR0010291245 – INSD.PA) providescomprehensive embeddedsecurity solutions. World-leading companies rely on INSIDE Secure’s mobile security and secure transaction offerings to protect critical assets including connected devices, content, services, identity and transactions. Unmatched security expertise combined witha comprehensive range of IP, semiconductors, software and associated services gives INSIDE Secure customers a single source for advanced solutions and superior investment protection.
For more information, visit http://www.insidesecure.com.
About NFC Patent Licensing Program
France Brevets manages and leads the efforts under the NFC Licensing Program in Europe, Asia, Africa and South America. France Brevets’ affiliate, NFC Technology LLC, leads the NFC Licensing Program in the United States. The NFC Patent Licensing Program gives NFC-enabled device manufacturers access to the patents of INSIDE Secure, a leader in embedded security solutions for mobile and connected devices, and the NFC patents of Orange, which include both essential and implementation-specific approaches for NFC, and also other patents acquired by France Brevets and NFC Technology, LLC. The licensing program addresses multiple categories of NFC device manufacturers, such as those making smartphones, feature phones, tablets, laptops, desktop computers, TVs, and smart meters which will offer a wide range of services such as mobile payment, transit, access control, customer retention programs and also ticket office.