RESTON, Va., Nov. 30, 2015 /PRNewswire/ -- Serco Inc., a provider of professional, technology, and management services, announced today the Company has been awarded a patent classification services contract with the United States Patent and Trademark Office (USPTO). Serco will provide initial patent classification and reclassification services to support USPTO's core mission of examining, granting, and disseminating patents and trademarks. The recompete contract has a one-year base period with four one-year option periods, and is valued at $95 million over the five-year period, if all options and award terms are exercised.
Serco's highly trained Scientists and Engineers are responsible for reviewing, analyzing, and applying classification symbols to newly submitted patent applications to assist with the USPTO examination process. Throughout the classification process, our team performs comprehensive performance management; quality assurance; information security; training; knowledge management; and IT support, engineering, and development of custom software.
Serco has supported the USPTO under this program since its inception in 2006, and currently processes approximately 1,600 applications a day, and over 400,000 applications annually. Under the contract, Serco has been instrumental in assisting the USPTO as it transitioned to a new international classification standard called Cooperative Patent Classification (CPC) and will continue to provide services within CPC that enables the USPTO to align and lead within the global intellectual property environment. Work on this program will continue to take place in Harrisonburg, Virginia.
"We are extremely honored to have been selected to continue to deliver patent classification services to the U.S. Patent and Trademark Office," said Dan Allen, Chairman and CEO of Serco Inc. "Our team continues our focus on operational excellence and incorporating innovative solutions, for classification services, in the most economic and efficient manner."
About Serco Inc.: Serco Inc. is a leading provider of professional, technology, and management services. We advise, design, integrate, and deliver solutions that transform how clients achieve their missions. Our customer-first approach, robust portfolio of services, and global experience enable us to respond with solutions that achieve outcomes with value. Headquartered in Reston, Virginia, Serco Inc. has approximately 10,000 employees and an annual revenue of $1.2 billion. Serco Inc. is a wholly-owned subsidiary of Serco Group plc, a $5.9 billion international business that helps transform government and public services around the world. More information about Serco Inc. can be found at www.serco-na.com.
SOURCE Serco Inc.