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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