Bytemark Inc. and GlobeSherpa Inc. Settle Patent Dispute

Agreement Clears the Way for Mobile Ticketing System Development in Virginia


New York & Portland, OR – WEBWIRE – Friday, May 16, 2014

Bytemark Inc. and GlobeSherpa Inc. today announced they have settled the patent infringement case brought by Bytemark before the U.S. District Court for the Eastern District of Virginia. Pursuant to the settlement, the lawsuit will be dismissed and the companies will enter into a patent cross licensing agreement.
 
As part of the settlement, GlobeSherpa will license the applicable Bytemark patent and has agreed to bring Bytemark on as a subcontractor on the Virginia Railway Express mobile ticketing project.
 
“We are happy to have resolved this dispute,” said Nat Parker, CEO of GlobeSherpa. “We believe moving past this litigation and developing a more collaborative relationship with Bytemark will benefit our transit customers and the industry at large.”
 
Micah Bergdale, CEO of Bytemark, said: “Bytemark is proud to provide our patented solution to the VRE mobile ticketing project. This settlement enables continued innovation in the mobile ticketing industry, and we are excited to subcontract with GlobeSherpa to help deliver a world-class product to the Washington, DC area.”

About GlobeSherpa
GlobeSherpa provides a secure mobile ticketing platform for transit agencies, parking lot operators, and event management companies interested in moving to open payments, open data, and mobile fare collection. In September 2013, GlobeSherpa launched TriMet Tickets, the first multi-modal mobile ticketing system in the U.S. We are now working to bring our mobile ticketing solutions to other major systems across the country. For more information about GlobeSherpa please visit www.globesherpa.com
 
About Bytemark
A New York City startup with offices in the UK and Australia, Bytemark provides mobile ticketing and payment solutions for transit, attractions, and events. In January 2012, Bytemark launched the first mobile ticketing app for a major U.S. transit agency with the release of the NY Waterway app. Bytemark is focused on providing its partners with the tools they need to navigate the rapidly evolving mobile ticketing industry. Transit in the U.S. has been underserved by the expansion of mobile technology, and Bytemark is working to bridge the gap between the transit industry and America’s growing technology sector. For more information, visit www.Bytemark.co.

Contact:
Bytemark:  Jacqui Johnstone | Bytemark@BIGfishmarket.com | 617-713-3800



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 Mobile ticketing
 Mobile payment
 Transit
Contact Information
Mac Brown
Director of Communications
GlobeSherpa
Contact via E-mail


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