Document Security Systems and Express Mobile Enter Into Sales and IP Licensing Partnership
ROCHESTER, N.Y., Nov. 26, 2013 /PRNewswire/ -- Document Security Systems, Inc. (NYSE MKT: DSS; "DSS"), a leading developer and integrator of secure cloud computing and security printing technologies, and Express Mobile, Inc. ("Xpressmo"), a developer of enterprise mobility solutions, jointly announced a sales and IP licensing partnership.
The partnership grants DSS rights as the exclusive channel partner for Xpressmo's Mobile Enterprise Application Platform in the anti-counterfeit and fraud detection market, enabling DSS to integrate Xpressmo's technology into DSS's AuthentiSuite product line. DSS will also receive a license to Xpressmo's pioneering patent portfolio, which relates to the development of custom applications and websites. Xpressmo will receive a license to a portion of the DSS patent portfolio as well as advisory and financial support from DSS Technology Management, which will advise Xpressmo on patent licensing.
Steven H. Rempell, founder of Express Mobile, stated, "The synergy between the DSS executive team and ours, in terms of innovative business and monetization strategies, is remarkable. We believe that this partnership will be the key to catalyzing the growth of our Enterprise Mobility technology and bringing the company to the next level."
Jeffrey Ronaldi, CEO of DSS remarked, "XMO is a great example of the type of company we want to be involved with. There is a significant commercial application for their core technology in multiple industries backed up by pioneering IP. We are delighted to be working with Steve and his team."
About Express Mobile, Inc
Express Mobile creates and markets software that enables the Enterprise to achieve mobility in their critical business and operational activities, essential today for competitiveness, growth and profitability. The Express Mobile platform allows non-programmers to create custom mobile applications for employees, partners and customers deployed across a full range of devices. Its patented technology features innovations for connecting users to data sources, work processes and web services. For more information please contact us at firstname.lastname@example.org
About DSS (Document Security Systems, Inc.)
Document Security Systems, Inc.'s (NYSE MKT: DSS) products and solutions are used by governments, corporations and financial institutions to defeat fraud and to protect brands and digital information from the expanding world-wide counterfeiting problem.
DSS continually invests in technology to meet the ever-changing security needs of its clients and implements these patented solutions through the Company's operating groups.
DSS Technology Management, Inc. ("DSS TM"), a wholly-owned subsidiary of Document Security Systems, Inc. ("DSS" or "Company"), provides strategy for DSS's IP portfolio, as well as legal expertise and investment capital for pioneering inventions.
DSS provides counterfeit deterrence and authentication technology coupled with licensing and IP monetization solutions. When implemented, DSS technologies help ensure the authenticity of both digital and physical financial instruments, identification documents, sensitive publications, brand packaging and websites.
For more information on the AuthentiGuard Suite, please visit www.AuthentiGuard.com
For more information on DSS and its subsidiaries, please visit www.DSSsecure.com.
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Document Security Systems
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Forward Looking Statements
Forward-looking statements that may be contained in this press release, including, without limitation, statements related to the Company's plans, strategies, objectives, expectations, potential value, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act and contain words such as "believes", "anticipates", "expects", "plans", "intends" and similar words and phrases. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results projected in any forward-looking statement. In addition to the factors specifically noted in the forward-looking statements, other important factors, risks and uncertainties that could result in those differences include, but are not limited to, those disclosed in the "Risk Factors" section of the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2013, recently filed with the Securities and Exchange Commission. Forward-looking statements that may be contained in this press release are being made as of the date of its release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
SOURCE Document Security Systems, Inc.