Eckoh PLC Successful legal settlement of patent dispute

RNS Number : 0813H

Eckoh PLC

07 October 2024

 

07 October 2024

Eckoh plc

("Eckoh", the "Group", or the "Company")

 

Successful legal settlement of patent dispute

 

Eckoh plc (AIM: ECK), the global provider of Customer Engagement Data Security Solutions, today confirms that after a protracted legal and subsequent arbitration process relating to a historic patent dispute brought by a competitor, it is pleased to confirm that the process has been successfully concluded to Eckoh's benefit and under a Settlement Agreement Eckoh is being paid a sum of £2.25m, which represents the substantial majority of costs (accounted for as exceptional items) it has incurred over the past two and half years. 

 

The Agreement also provides legal certainty that there can be no future litigation brought by the competitor against Eckoh relating to the patent family in question.

 

- Ends-

 

 

For more information, please contact:

 

Eckoh plc	Tel: [phone]
Nik Philpot, Chief Executive Officer
Chrissie Herbert, Chief Financial Officer
www.eckoh.com
FTI Consulting LLP	Tel: [phone]
Ed Bridges / Emma Hall / Valerija Cymbal / Yasmin Prior
[e-mail]
Singer Capital Markets (Nomad & Joint Broker)	Tel: [phone]
Shaun Dobson / Tom Salvesen / Alex Bond
www.singercm.com
Investec Bank plc (Joint Broker)	Tel: [phone]
Patrick Robb / Nick Prowting / Shalin Bhamra
www.investec.com

 

 

About Eckoh plc

As a global provider of Customer Engagement Data Security Solutions, Eckoh is all about making the world of data more secure.  

 

Our vision is that everyone should be able to trust every brand and engage without risk to their personal information. We're on a mission to set the standard for secure interactions between consumers and the world's leading brands, and our innovative products build trust and deliver value though exceptional experiences. 

 

We're trusted by many of the world's leading brands to help them manage the personal data from customer enquiries and transactions safely. Our solutions enable payment transactions to be performed securely and help protect sensitive personal data across any customer engagement channel and device the customer chooses.

 

Protected by multiple patents, our solutions remove sensitive personal and payment data from contact centres and IT environments, as the best way to secure data is not to collect it. This allows organisations to be not just compliant but secure, increase efficiency, lower operational costs, and provide an excellent customer experience.  This is our specialism.

 

Our solutions are delivered globally through multiple cloud platforms or can be deployed on the client's site. They offer merchants a simple and effective way to reduce the risk of fraud, secure sensitive data and become compliant with the Payment Card Industry Data Security Standards ("PCI DSS") and wider data security regulations.  Eckoh has been a PCI DSS Level One Accredited Service Provider since 2010, and our extensive portfolio of typically large enterprise clients spans a broad range of vertical markets including government departments, telecoms providers, retailers, utility providers and financial services organisations. 

 

For more information go to www.eckoh.com or email [e-mail].

 

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