Novato, CA November 26, 2013: 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.”
Analysis by Seeking Alpha contributor Jonathan Bluhm: On November 26th, DSS announced it had entered into a sales and IP licensing agreement with Express Mobile, a developer on enterprise mobility solutions. This gives DSS a great avenue into the world of mobile anti-fraud and counterfeit detection, and comes on the heels of its integrating of the AuthentiGuard suite into an iPhone application. Many businesses are currently using reader devices to scan product barcodes, RFIDs and packaging labels that can cost upwards of $1500/unit and require significant operator training. Should DSS be successful in integrating its AuthentiGuard software suite into a program that uses the simpler and cheaper iPhone to scan items, and marketing this capability properly to pharmaceutical and logistic companies, substantial new revenues would result. I believe the agreement with Express Mobile shows that DSS management is serious when it comes to expanding its business to include monetizing the ever-growing mobile market. Read Full Analysis at Seeking Alpha