HONG KONG, CHINA, February 6, 2014 /EINPresswire.com/ — Xerafy and Omni-ID have reached an amicable, out-of-court settlement in their intellectual property dispute.
Under the terms of the confidential settlement agreement, Xerafy will continue to manufacture and sell its complete range of RFID tags, including high performance read-on-metal tags, in the U.S. and around the world.
“Xerafy is pleased with how the matter was resolved,” said Xerafy founder and CEO Dennis Khoo. “IP disputes are common with emerging technologies, and we are pleased we could work with Omni-ID to come to a mutually beneficial agreement. We look forward to devoting all our energies to supporting our customers and continuing to develop new RFID products to solve business problems.”
Terms of the settlement are confidential.
Xerafy’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 Minneapolis, and additional offices in the U.K. and China.
Learn more about Xerafy by visiting http://www.xerafy.com.
Xerafy and the Xerafy logo are trademarks are registered trademarks of Xerafy in the United States and other countries.