ROCHESTER, N.Y., June 2, 2015 /PRNewswire/ -- Document Security Systems, Inc. (NYSE MKT: DSS), (DSS), a leader in anti-counterfeiting and authentication solutions, provided an update on its operations, including recent milestones in its Technology Management, Digital, and Printed Products businesses.
Jeff Ronaldi, Chief Executive Officer of DSS, stated, "We have made significant progress towards many of our key goals, including building a stronger Printed Products business, achieving market acceptance of AuthentiSuite, our digital brand protection product line, and achieving success with our intellectual property licensing efforts. DSS has always been an innovator. Recently, we have faced significant headwinds in our licensing business due to judicial interpretation of US patent law, and this has overshadowed good things that have been happening at DSS. Our goal is to help investors understand that we continue to make progress in each of our commercial lines of business."
Recent Milestones in DSS's Technology Management Business:
In April 2015, our pending litigation against NEC Corporation of America was resolved.
NEC was a defendant in both our ongoing litigation against Taiwan Semiconductor Manufacturing Company, Ltd. (TSMC) and Samsung Electronics Co. Ltd. ("Samsung") and our litigation against Intel Corporation ("Intel"), Dell, Inc. ("Dell"); GameStop Corp. ("GameStop"); Conn's Inc. and Conn Appliances Inc. ("Conn's"); Wal-Mart Stores, Inc. and Wal-Mart Stores Texas, LLC ("Wal-Mart"); and AT&T Inc. ("AT&T") in the United States District Court for the Eastern District of Texas.
Additionally, DSS has filed a notice of appeal in its litigation with TSMC and Samsung relating to the the District Court's recent Markman ruling in the case.
Finally, in April 2015, Express Mobile Inc. ("XPRESSMO"), a developer of enterprise mobility solutions, announced the filing of a patent infringement lawsuit against the Alibaba Group ("Alibaba") in the United States District Court for the Eastern District of Texas. DSS is an investor in XPRESSMO.
DSS continues to seek to expand its IP holdings through growth of its core portfolio and selectively through acquisitions that support its commercialization and licensing goals.
Additional information on DSS's ongoing IP litigation can be accessed at: www.dsssecure.com/technology_management/ongoing_disputes.html
Recent Milestones in DSS's Digital business:
During 2015, our Digital group made two significant advances in our Authentiguard marking systems that may help to expand our markets for Authentiguard.
First, the new version of Authentiguard allows serialization of the Authentiguard mark when using digital print platforms. This innovation will allow Authentiguard to be printed digitally and gives brand owners in any industry the ability to assign a unique authentication code to each unit of product, credential or document.
Second, we have successfully printed Authentiguard marks using laser ablation, a technique which allows the mark to be printed on a variety of non-paper or plastic substrates. This advance should allow Authentiguard to better meet the needs of potential customers in the luxury goods and other markets.
Additional information about DSS's Digital division can be accessed at: www.dsssecure.com/products_and_solutions/digital_brand_protection.html
Recent Milestones in DSS Printed Products:
During 2015, we have strategically invested in our Printed Products division to enhance our capabilities and better position us as a provider of high value security and technology based print products.
In 2015, our Printed Products division implemented a comprehensive management reporting system designed to enhance management information as well as allow us to satisfy stringent inventory tracking requirements of sensitive security based products.
We have also invested in state-of-the-art capital equipment to support our security printing business. In April 2015 the Plastics division installed a new digital press, which is anticipated to increase capacity, reduce waste, improve turnaround times and allow for more competitive pricing of smaller orders. Also in April, 2015, we completed the installation of a New HP7800 digital printer at our print and packaging facility in Victor, NY. This investment allows this division to actively assist our Digital Division by providing both testing and production of Authentiguard marked products. This new digital printer allows DSS to produce serialized Authentiguard marks printed on paper, plastic and paperboard. Products such as coupons, security paper, labels and small folding cartons can be printed and serialized with Authentiguard.
During the first quarter of 2015, we continued to emphasize higher-margin security printing capabilities, and this emphasis helped us realize a 95% increase in security-related print sales during the first quarter of 2015 as compared to the first quarter of 2014.
Additional information about DSS's Printed Products Group can be accessed at: www.dsssecure.com/products_and_solutions/printed_solutions.html
Jeff Ronaldi, DSS's CEO commented: "Our management team is focused on building a great company that has multiple lines of business, each of which provide growth and upside potential that we believe will reward our investors. We are not there yet, but we continue to make progress towards all of our goals. We thank our investors for their support and confidence in us and we look forward to shared success in 2015 and beyond."
About Document Security Systems:
Document Security Systems, Inc.'s (NYSE MKT: DSS) products and solutions are used by governments, corporations and financial institutions to defeat fraud and to protect brands and digital information from the expanding world-wide counterfeiting problem. DSS technologies help ensure the authenticity of both digital and physical financial instruments, identification documents, sensitive publications, brand packaging and websites. DSS continually invests in research and development to meet the ever-changing security needs of its clients and offers licensing of its patented technologies through its subsidiary, DSS Technology Management, Inc.
For more information on the AuthentiGuard Suite, please visit www.authentiguard.com. For more information on DSS and its subsidiaries, please visit www.DSSsecure.com. To follow DSS on Facebook, click here.
For More Information
Investors can contact DSS investor relations directly at corporate headquarters in Rochester on (585) 500-4666. Investors can also email investor relations at email@example.com.
Forward-looking statements that may be contained in this press release, including, without limitation, statements related to the Company's plans, strategies, objectives, expectations, potential value, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act and contain words such as "believes," "anticipates," "expects," "plans," "intends" and similar words and phrases. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results projected in any forward-looking statement. In addition to the factors specifically noted in the forward-looking statements, other important factors, risks and uncertainties that could result in those differences include, but are not limited to, those disclosed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2014, filed with the Securities and Exchange Commission, and updated in our subsequent Form 10-Q filing for the first quarter of 2015. Forward-looking statements that may be contained in this press release are being made as of the date of its release, and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
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SOURCE Document Security Systems, Inc.