SEOUL, Korea, April 25, 2017 /PRNewswire/ -- NeoLAB Convergence Inc.(NeoLAB), developer of the award-winning Neo smartpen N2, today announced that NeoLAB and Anoto Group AB (Anoto) have agreed to put an end to patent infringement litigation against each other and to sign a patent cross-license agreement as of April 12, 2017, to establish mutually beneficial strategic relationship which would lead to growth in digital pen industry.
NeoLAB and Anoto will work together to foster industrial development, and under the terms of cross-license agreement, both parties are able to access each other's relative patent portfolios, and thus, able to concentrate on delivering better products and services to the market.
The emerging education technology and smart classroom markets are expected to grow worldwide, and schools and other educational settings are actively integrating technologies into their classrooms. Especially the countries of East Asia are developing infrastructure regarding smart classrooms under Government's education strategies, and NeoLAB has built strategic alliances with experienced partners in education for years, to be involved in pilot programs for schools. NeoLAB will utilize its technological prowess and extensive experience accumulated from education industries, to provide hardware and services to the growing education market.
"The establishment of strategic relationship between NeoLAB and Anoto enables both companies to actively dive into the global digital pen market," said Steve Lee, CEO of NeoLAB. "By doing so, NeoLAB and Anoto agree to co-develop mobile applications and software. Now that both companies have resolved legal disputes, NeoLAB is able to focus on developing products and services for engaged education, business and creative professionals and provide them all the digital conveniences this world has to offer."
ABOUT NEOLAB CONVERGENCE INC.
NeoLAB Convergence Inc., the creator of Neo smartpen N2, is an award-winning designer and developer of digital pens using its patented NcodeTM technology for the consumer, education and enterprise markets. NeoLAB has been working with worldwide brands and artists, such as, Moleskine and Kim Jung Gi etc to bridge the paper and digital worlds of writing. For more information about Neo smartpen N2 and case studies, visit www.neosmartpen.com or follow on Facebook and Twitter.
All trademarks and product names are the property of their respective companies.
SOURCE NeoLAB Convergence Inc.,