Neology and 3M Resolve Patent Litigation

Neology and 3M Resolve Patent Litigation 
AMSTERDAM, THE NETHERLANDS and ST. PAUL, MN and SAN DIEGO, CA  --
(Marketwired) -- 06/27/13 --   SMARTRAC N.V. (FSE: SM7) and 3M
Company today announced an agreement between SMARTRAC N.V., its
subsidiary Neology, Inc., and 3M Company. The agreement resolves
patent infringement litigation Neology initiated against 3M and
Federal Signal Corporation relating to businesses purchased by 3M
from Federal Signal Corporation in September 2012. The agreement
gives Neology, SMARTRAC and 3M access to each other's RFID products
in the transportation market -- Neology will have access to 3M's
multi-protocol readers and 3M to SMARTRAC's and Neology's tags and
technology in the transportation market. This positions the companies
as suppliers of 6C RFID technology to the industry. The agreement
also includes a confidential financial arrangement.  
Given the superior communication protocol and open platform of the 6C
RFID technology, the companies will provide their customers the path
to interoperability via the ISO 18000 6C standard. 
Francisco Martinez de Velasco, Chief Executive Officer of Neology,
stated: "We are very pleased and excited about the agreement. Our
patented cutting edge technologies allow us to manufacture superior
products and provide excellent integration services tailored to our
customers' needs. We are confident we will become a valuable supplier
to 3M and its subsidiaries and look forward to advancing the 6C
standard." 
Dan McGurran, Business Director, 3M Motor Vehicle Systems and
Services, said "3M is pleased to have reached an agreement that will
allow both companies to solve the transportation market's pressing
need for interoperability via the ISO 18000 6C technology. This will
improve the efficiency of tolling and enhance the motorist
experience."  
Christian Uhl, CFO of SMARTRAC, further noted, "We believe that our
companies will mutually benefit from this agreement and we are
delighted that we have been able to identify new opportunities to
pursue together. We look forward to continue and intensify the
collaboration and relationship between SMARTRAC and 3M." 
About Neology, Inc.: 
As an early player in UHF technology and holder of important
Intellectual Property in the industry, Neology is a leading provider
of integrated solutions for the tolling, electronic vehicle
registration (EVR) and public safety markets. For more information
visit www.neology-rfid.com  
About SMARTRAC: 
SMARTRAC® is a leading developer, manufacturer, and supplier of RFID
and NFC transponders and inlays and owns a vast RFID patent
portfolio. The company produces both ready-made and customized
transponders and inlays used in access control, animal
identification, automated fare collection, border control, RFID-based
car immobilizers, contactless payment cards, electronic product
identification, industry, libraries and media management, laundry,
logistics, mobile and smart media, public transport, retail, and many
more. 
SMARTRAC was founded in 2000, went public in July 2006, and trades as
a stock corporation under Dutch law with its registered headquarters
in Amsterdam. The company currently employs approximately 3,600
employees and maintains a global research and development,
production, and sales network. 
Forward-Looking Statements: 
All forward-looking statements contained in this press release are
based on assumptions, planning, and forecasts at the time of
publication of this press release. Forward-looking statements always
involve uncertainties. Business and economic risks and developments,
the conduct of competitors, political decisions, and other factors
may cause the actual results to be materially different from the
assumptions, planning, and forecasts at the time of publication of
this press release. Therefore, SMARTRAC N.V. does not assume any
responsibility relating to forward-looking statements contained in
this press release. Furthermore, SMARTRAC N.V. does not assume any
obligation to update the forward-looking statements contained in this
press release. 
About 3M: 
3M captures the spark of new ideas and transforms them into thousands
of ingenious products. Our culture of creative collaboration inspires
a never-ending stream of powerful technologies that make life better.
3M is the innovation company that never stops inventing. With $30
billion in sales, 3M employs 88,000 people worldwide and has
operations in more than 70 countries. 
For more information, visit www.3M.com or follow @3MNews on Twitter. 
Forward-Looking Statements 
This news release contains forward-looking information about 3M's
financial results and estimates and business prospects that involve
substantial risks and uncertainties. You can identify these
statements by the use of words such as "anticipate," "estimate,"
"expect," "project," "intend," "plan," "believe," "will," "target,"
"forecast" and other words and terms of similar meaning in connection
with any discussion of future operating or financial performance or
business plans or prospects. Among the factors that could cause
actual results to differ materially are the following: (1) worldwide
economic and capital markets conditions and other factors beyond the
Company's control, including natural and other disasters affecting
the operations of the Company or its customers and suppliers; (2) the
Company's credit ratings and its cost of capital; (3) competitive
conditions and customer preferences; (4) foreign currency exchange
rates and fluctuations in those rates; (5) the timing and market
acceptance of new product offerings; (6) the availability and cost of
purchased components, compounds, raw materials and energy (including
oil and natural gas and their derivatives) due to shortages,
increased demand or supply interruptions (including those caused by
natural and other disasters and other events); (7) the impact of
acquisitions, strategic alliances, divestitures, and other unusual
events resulting from portfolio management actions and other evolving
business strategies, and possible organizational restructuring; (8)
generating fewer productivity improvements than estimated; (9)
unanticipated problems or delays with the phased implementation of a
global enterprise resource planning (ERP) system, or security
breaches and other disruptions to the Company's information
technology infrastructure; and (10) legal proceedings, including
significant developments that could occur in the legal and regulatory
proceedings described in the Company's Annual Report on Form 10-K for
the year ended December 31, 2012 and its subsequent quarterly reports
on Form 10-Q (the "Reports"). Changes in such assumptions or factors
could produce significantly different results. A further description
of these factors is located in the Reports under "Cautionary Note
Concerning Factors That May Affect Future Results" and "Risk Factors"
in Part I, Items 1 and 1A (Annual Report) and in Part I, Item 2 and
Part II, Item 1A (Quarterly Report). The information contained in
this news release is as of the date indicated. The Company assumes no
obligation to update any forward-looking statements contained in this
news release as a result of new information or future events or
developments. 
Neology and the Neology logo are trademarks Neology, Inc. Copyright
2011 
Neology, Inc. All rights reserved. 
Mark McFarlin
Neology Inc.
Vice President, Sales & Marketing
Phone: 858-391-0260 x126
mmcfarlin@neology-rfid.com
www.neology-rfid.com 
Tanja Moehler
SMARTRAC and Neology
Head of Corporate Communications & Marketing
SMARTRAC N.V.
Phone: +31 20 30 50 157
Email: tanja.moehler@smartrac-group.com
Internet: www.smartrac-group.com
Twitter: www.twitter.com/SMARTRAC_NV 
Donna Fleming Runyon
3M
Phone: 651-736-7646