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 ir@dsssecure.com.
Forward-Looking Statements
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.