SenseStone Technology, Zhejiang Jiakang Electronics enter non-exclusive patent licensing agreement for Xerafyâ€™s RFID ceramic tag technology
Online PR News – 24-November-2015 – Hong Kong – Xerafy, a worldwide leader and innovator of RFID metal tags, announced today the patent litigation Xerafy filed against SenseStone Technology and Zhejiang Jiakang Electronics in the Southern District of New York has been amicably resolved.
Under the terms of the confidential settlement agreement, SenseStone Technology and Zhejiang Jiakang Electronics have agreed to take a non-exclusive license to the RFID ceramic tag technology disclosed in Xerafyâ€™s U.S. Patent 8,678,295, and will continue to manufacture and commercialize finished ceramic RFID tags in the United States pursuant to that license.
"We are pleased to have reached a licensing agreement with SenseStone Technology and Zhejiang Jiakang Electronics to allow access to our RFID ceramic tag technology by more customers," said Xerafy founder and CEO, Dennis Khoo. "Whether itâ€™s the worldâ€™s first sub-millimeter read on-metal smart label, the first ever RFID tag for downhole pipe identification, or the smallest RFID tag no bigger than a grain of rice, Xerafyâ€™s commitment to innovation has continued to disrupt the marketplace and has opened up new possibilities for our customers to track assets in areas previously deemed impossible."
Terms of the license agreement and settlement are confidential. Any parties interested in pursuing a license to Xerafyâ€™s intellectual property are invited to contact the company directly.
Xerafyâ€™s innovations have changed the price-performance ratio for RFID tags and made it possible for customers to track assets in a wide range of harsh environments. Xerafy provides read-on-metal tags that can be embedded directly into assets to meet a full range of needs for RFID asset tracking in the aerospace, industrial, data center, healthcare, energy and other industries. Xerafy is headquartered in Hong Kong and maintains U.S. sales and support offices in Dallas, and additional offices in the U.K. and China.
Learn more about Xerafy by visiting www.xerafy.com.
Xerafy and the Xerafy logo are registered trademarks of Xerafy in the United States and other countries.