ROCHESTER, N.Y., Feb. 27, 2012 /PRNewswire/ -- Document Security Systems, Inc. (NYSE Amex: DSS; "DSS"), a leading developer and integrator of cloud computing data security and security printing technologies which prevent counterfeiting and brand fraud, announced today that it has entered into a new agreement with ipCapital Group, Inc. (ipCG), a leading intellectual property (IP) strategy firm, to drive a strategic expansion of its IP portfolio.
Previously ipCG worked on an analysis of DSS's unique intellectual property landscape. This intelligence has defined new areas for expansion of their IP portfolio. Under this new agreement, ipCG will now provide ongoing IP management support and facilitate a series of invention sessions throughout 2012 using its proprietary tools and techniques for invention and IP strengthening.
John Cronin, a recently elected member of the DSS board of directors and Managing Director and Chairman of ipCapital Group, commented, "Upon analysis of the unique DSS patent landscape, we see significant market opportunity to expand DSS's IP portfolio. DSS's unique combination of security printing technologies that transcend into the digital world through cloud computing, mobile applications, and database management creates considerably large solution building opportunities across all areas of commerce and industry. Increasing global awareness of data security breaches as well as fraud reconfirms our belief that we can capitalize and expand the exceptional value from DSS's game changing patents."
Patrick White, CEO of DSS, commented, "We are looking forward to working with ipCapital Group to continue developing and expanding our patent portfolio into strategic growth areas such as data security, cloud computing and digital delivery systems. With the expert guidance of ipCapital Group, we can focus the expansion directly into these specific market areas and more efficiently capitalize on our patents' value."
About DSS (Document Security Systems, Inc.):
DSS provides counterfeit prevention and comprehensive brand and digital information protection solutions to corporations, governments, and financial institutions around the world. DSS develops and manufactures products and services containing patented and patent pending optical deterrent technologies that help prevent counterfeiting and brand fraud from the use of the most advanced scanners and copiers in the market. DSS's customized solutions are designed to protect against product diversion, counterfeit, and other costly and damaging events. In addition, The Company owns numerous patented and patent-pending technologies and products.
For more information on DSS and its subsidiaries, please visit DSSsecure.com.
About ipCapital Group:
ipCapital Group has been serving clients that range from early stage to Fortune 500 since 1998. Its interdisciplinary team trained in business, law, marketing, and product development provides a systematic and comprehensive view of the full lifecycle of IP, from inception through shareholder value creation. ipCapital Group maximizes business results for clients that seek to develop and execute IP strategies, strengthen and monetize IP portfolios, and establish and implement Intellectual Asset Management (IAM) practices. ipCapital Group has worked with a variety of public companies including VirnetX. For more information, visit www.ipcg.com.
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The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created thereby. These forward-looking statements include, but are not limited to, statements regarding expectations for future financial performance, potential sales from new and existing customers, expected benefits from the Company's cost cutting efforts and/or statements preceded by, followed by or that include the words "believes," "could," "expects," "anticipates," "estimates," "intends," "plans," "projects," "seeks," or similar expressions, all of which involve uncertainty and risk. Many of these risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010 filed with the Securities and Exchange Commission (the "SEC"), and in any subsequent reports filed with the SEC, all of which are available at the SEC's website at www.sec.gov. It is possible the company's future financial performance may differ from expectations due to a variety of factors including, but not limited to, the risks referred to above, and changes in economic and business conditions in the world, increased competitive activity, achieving sales levels to fulfill revenue expectations, consolidation among its competitors and customers, technology advancements, unexpected costs and charges, adequate funding for plans, changes in interest and foreign exchange rates, regulatory and other approvals and failure to implement all plans, for whatever reason. It is not possible to foresee or identify all such factors. Any forward-looking statements in this report are based on current conditions; expected future developments and other factors it believes are appropriate in the circumstances. Prospective investors are cautioned that such statements are not a guarantee of future performance and actual results or developments may differ materially from those projected. The company makes no commitment to update any forward-looking statement included herein, or disclose any facts, events or circumstances that may affect the accuracy of any forward-looking statement.
SOURCE Document Security Systems, Inc.