07 October 2024
Eckoh plc
("Eckoh",
the "Group", or the "Company")
Successful legal settlement
of patent dispute
Eckoh plc (AIM: ECK), the global
provider of Customer Engagement Data Security Solutions, today
confirms that after a protracted legal and subsequent arbitration
process relating to a historic patent dispute brought by a
competitor, it is pleased to confirm that the process has been
successfully concluded to Eckoh's benefit and under a Settlement
Agreement Eckoh is being paid a sum of £2.25m, which represents the
substantial majority of costs (accounted for as exceptional items)
it has incurred over the past two and half years.
The Agreement also provides legal
certainty that there can be no future litigation brought by the
competitor against Eckoh relating to the patent family in
question.
- Ends-
For
more information, please contact:
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Eckoh plc
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Tel: 01442 458 300
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Nik Philpot, Chief Executive
Officer
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Chrissie Herbert, Chief Financial
Officer
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www.eckoh.com
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FTI
Consulting LLP
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Tel: 020 3727 1017
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Ed Bridges / Emma Hall / Valerija
Cymbal / Yasmin Prior
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eckoh@fticonsulting.com
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Singer Capital Markets (Nomad & Joint
Broker)
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Tel: 020 7496 3000
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Shaun Dobson / Tom Salvesen / Alex
Bond
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www.singercm.com
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Investec Bank plc (Joint Broker)
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Tel: 020 7597 5970
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Patrick Robb / Nick Prowting /
Shalin Bhamra
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www.investec.com
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About Eckoh plc
As a global provider of Customer
Engagement Data Security Solutions, Eckoh is all about making the
world of data more secure.
Our vision is that everyone should
be able to trust every brand and engage without risk to their
personal information. We're on a mission to set the standard for
secure interactions between consumers and the world's leading
brands, and our innovative products build trust and deliver value
though exceptional experiences.
We're trusted by many of the world's
leading brands to help them manage the personal data from customer
enquiries and transactions safely. Our solutions enable payment
transactions to be performed securely and help protect sensitive
personal data across any customer engagement channel and device the
customer chooses.
Protected by multiple patents, our
solutions remove sensitive personal and payment data from contact
centres and IT environments, as the best way to secure data is not
to collect it. This allows organisations to be not just compliant but
secure, increase efficiency, lower operational costs, and provide
an excellent customer experience. This is our
specialism.
Our solutions are delivered globally through multiple cloud platforms
or can be deployed on the client's site. They offer merchants a
simple and effective way to reduce the risk of fraud, secure
sensitive data and become compliant with the Payment Card Industry
Data Security Standards ("PCI DSS") and wider data security
regulations. Eckoh has been a PCI DSS Level One Accredited
Service Provider since 2010, and our extensive portfolio of
typically large enterprise clients spans a broad range of vertical
markets including government departments, telecoms providers,
retailers, utility providers and financial services
organisations.
For more information go to www.eckoh.com or email MediaResponseUK@eckoh.com.
