Wednesday, May 23, 2007

Acacia Technologies Licenses Credit Card Fraud Protection Technology to Jones Apparel Group

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq:ACTG)(Nasdaq:CBMX) announced today
that Financial Systems Innovation LLC, a wholly owned subsidiary of the
Acacia Technologies group, a leader in technology licensing, has entered
into non-exclusive licenses covering a patent that applies to credit
card fraud protection technology with Jones Apparel Group.


The patented technology generally relates to a computerized system for
protecting retailers and consumers engaged in credit card, check card,
and debit transactions. The system includes an electronic card reader,
and the generation and use of a transaction number, which specifically
identifies each transaction processed within the system. As a result,
the retailer does not necessarily have to print detailed information
concerning the cardholder’s identity or
account number on the customer’s receipt.


ABOUT ACACIA RESEARCH CORPORATION


Acacia Research Corporation comprises two operating groups, Acacia
Technologies group and CombiMatrix group.


The Acacia Technologies group develops, acquires, and licenses patented
technologies. Acacia controls 68 patent portfolios covering technologies
used in a wide variety of industries including audio/video enhancement &
synchronization, broadcast data retrieval, computer memory cache
coherency, credit card fraud protection, database management, data
encryption & product activation, digital media transmission (DMT®),
digital video production, dynamic manufacturing modeling, enhanced
Internet navigation, image resolution enhancement, interactive data
sharing, interactive television, laptop docking station connectivity,
microprocessor enhancement, multi-dimensional bar codes, resource
scheduling, spreadsheet automation, and user activated Internet
advertising.


The CombiMatrix group is developing a platform technology to rapidly
produce customizable arrays, which are semiconductor-based tools for use
in identifying and determining the roles of genes, gene mutations and
proteins. The CombiMatrix group's technology has a wide range of
potential applications in the areas of genomics, proteomics, biosensors,
drug discovery, drug development, diagnostics, combinatorial chemistry,
material sciences and nanotechnology.


Acacia Research-Acacia Technologies (Nasdaq:ACTG) and Acacia
Research-CombiMatrix (Nasdaq:CBMX) are both classes of common stock
issued by Acacia Research Corporation and are intended to reflect the
performance of the respective operating groups and are not issued by the
operating groups.


Information about the Acacia Technologies group and the CombiMatrix
group is available at .


Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995


This news release contains forward-looking statements within the
meaning of the “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995. These
statements are based upon our current expectations and speak only as of
the date hereof. Our actual results may differ materially and
adversely from those expressed in any forward-looking statements as a
result of various factors and uncertainties, including the recent
economic slowdown affecting technology companies, our ability to
successfully develop products, rapid technological change in our
markets, changes in demand for our future products, legislative,
regulatory and competitive developments and general economic conditions.
Our Annual Report on Form 10-K, recent and forthcoming Quarterly
Reports on Form 10-Q, recent Current Reports on Forms 8-K and 8-K/A, and
other SEC filings discuss some of the important risk factors that may
affect our business, results of operations and financial condition. We
undertake no obligation to revise or update publicly any forward-looking
statements for any reason.

Labels: , , , , , , , , ,

0 Comments:

Post a Comment

<< Home