Nehausen, Switzerland -- Tyco Retail Solutions, a provider of retail performance and security solutions, has entered into a patent license agreement with Round Rock Research, LLC regarding RFID solutions. The agreement resolves the involvement of some Tyco retail clients in a patent infringement suit Round Rock filed in January 2012.
Tyco Retail Solutions provides RFID-based Inventory Intelligence solutions, which feature Sensormatic RFID readers, antennas and tags, and TrueVUE software offerings. The agreement provides a worldwide license to Round Rock’s RFID patents that allows Tyco and its customers to continue to deploy innovative RFID solutions.
This licensing arrangement with Round Rock is non-exclusive and royalty bearing, which allows other RFID reader and tag providers the prospect to achieve similar resolutions, thereby making a host of options available to customers. Additionally the license allows customers to use readers purchased from Tyco with tags that are purchased from Tyco or another licensed supplier.
“For nearly 50 years, retailers have depended on Tyco products,” said Nancy Chisholm, VP and general manager, Tyco Retail Solutions. “Tyco continues to invest heavily in research and development to advance both hardware and software products. Our commitment to technology innovation is the cornerstone of our business, with RFID-based Inventory Intelligence solutions being a primary area of focus. This agreement with Round Rock offers our retail customers a clear path to deploying our new RFID-based solutions, free of Round Rock patent assertions and without business interruption from potential litigation.”