Seeking Alpha

Single Touch secures settlement with Zoove, enters cross-licensing agreement

  • Zoove agrees to license 2 Single Touch Systems (SITO +0.9%) patents, resolving the companies' lawsuit. The agreement includes a payment to Single Touch; further terms were not disclosed.
  • In conjunction, Zoove will provision abbreviated dialing codes for Single Touch, allowing the company to extend its reach to other carriers. The companies have also entered a long-term cross-licensing agreement relating to their abbreviated dialing codes patents.
 
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