NeoMedia Technologies (NEOM) patent upheld, stock leaps

NeoMedia Technologies Inc (OTCBB: NEOM) shares hiked 233.3% Thursday afternoon to five cents, after one of the firm’s patents was reaffirmed by the government. Volume for the stock was 22.3 million shares, triumphing over a daily average of 537,344.

The Atlanta-based NeoMedia announced today that the United States Patent and Trademark Office (PTO) has ruled in favor of NeoMedia in the second re-examination of its US Patent 6,199,048, ‘System And Method For Automatic Access Of A Remote Computer Over A Network’. All 89 existing claims, as well as six newly added claims, of the Barcode Lookup Patent have been confirmed as being patentable by the PTO.

The PTO’s decision, which marks the final chapter in a lengthy process following a successful first reexamination proceeding that ended in confirmation of the patent in 2009, provides tremendous opportunities for companies in the mobile marketing and advertising space, allowing them to quickly implement new applications and services.

Said NeoMedia CEO Laura Marriott, “We are delighted the PTO has again confirmed the strength of the ‘048 patent in the face of another third-party challenge to its validity. This ruling allows us to realize the potential of our efforts and innovations, further strengthening our partnerships.”

NeoMedia Technologies, Inc. is the global market leader in 2D mobile barcode technology and infrastructure solutions that enable the mobile barcode ecosystem worldwide. Its technology platform transforms mobile devices with cameras into barcode scanners, enabling a range of practical and engaging applications including consumer oriented advertising, mobile ticketing and couponing, and business-to-business commercial track and trace solutions.