|
| [May 14, 2008] |
 |
FutureLogic Announces Settlement of Patent Litigation with TransAct Technologies
GLENDALE, Calif. --(Business Wire)-- FutureLogic, Inc. today announced that it has signed a binding term sheet with TransAct Technologies that settles the current patent litigation and all other legal matters outstanding between the two parties. Under the binding term sheet, FutureLogic has agreed to license TransAct's dual port technology for printers and upgrade kits that utilize the patented technology. The license includes worldwide, perpetual rights for U.S. Patent 6,924,903, U.S. Patent 7,099,035, related applications and patents, and foreign counterparts. FutureLogic, Inc. did not disclose any other details of the agreement.
About FutureLogic
Founded in 1983 and headquartered in Glendale, Calif., FutureLogic designs and builds high-reliability electromechanical assembly solutions for nearly every printing need. As the undisputed leader in super-robust thermal printer technology, FutureLogic is the industry's premier supplier of thermal printers for casino gaming, promotional equipment, kiosk, industrial, RTAL, gas pumps and medical applications. FutureLogic has installed more than 900,000 gaming printers, which produce approximately 4 billion vouchers annually. In July 2004 the company founded FutureLogic Europe Ltd to provide direct sales and engineering support for the growing OEM thermal printer markets in Europe. In October 2006 FutureLogic expanded its global support network into the Asia Pacific market with a new sales and service center in Macau, China. More information on the company is available at www.futurelogicinc.com.
[ Back To TMCnet.com's Homepage ]
|
Find Solutions for Enterprises, SMBs & Service Providers at the INTERNET TELEPHONY Conference and EXPO West, September 16-18, 2008. Los Angeles, California.
