TORONTO, ONTARIO -- (Marketwire) -- 12/12/12 -- GuestLogix Inc. (TSX: GXI), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, today announced that the U.S. Patent and Trademark Office has issued U.S. Patent No. 8,328,094 protecting the technology behind the Company's onboard retail platform. The patent protects a system for facilitating sales in a mobile retail environment, specifically as it relates to retail sales to passengers on public transportation vehicles.
"The grant of this patent, which recognizes the unique significance of GuestLogix' innovation and leadership within the onboard retail technology sector, marks a tremendous milestone in the history of our Company," said Brett Proud, President & CEO, GuestLogix. "Having designed, developed and delivered the passenger travel industry's most comprehensive onboard retail platform, we are very excited to bring this level of recognition to our product development teams and heightened protection to our Company and shareholders."
The patent, entitled "Systems and Methods Facilitating Mobile Retail Environments" was granted on Tuesday, December 11, and defines an automated system for facilitating sales in dynamically-changing mobile retail environments. The claimed system features a provisioning module that obtains product data and transportation data, and determines mobile inventory requirements corresponding to a specific mobile retail environment. This innovation was designed to ease the economic pressure on carriers by providing an automated system that would aid in the generation of onboard ancillary revenues. GuestLogix' end-to-end solution improves back office and onboard efficiencies, increases revenue opportunity for travel operators and enhances the overall passenger experience.
"This award by the U.S. patent law regime recognizes the uniqueness of GuestLogix' line of business," said Peter Nguyen, VP - General Counsel, GuestLogix. "This patent is the first granted from among a series of patent applications that we have pending. We expect continued success with our other patent applications currently being prosecuted in the U.S., Europe and other major international markets, and in all instances we will protect and enforce our intellectual property rights in these valuable assets."
GuestLogix serves approximately 90% of the North American airline passenger traffic and 46% of the global airline passenger traffic. The Company also serves European rail operators and recently launched a dedicated Global Rail Division to penetrate the worldwide market. Combined, the global air and rail sectors have a potential opportunity of more than $60B in ancillary revenues annually.
GuestLogix has a comprehensive patent strategy in place, with additional patent applications currently under review in the U.S., Europe and internationally.
GuestLogix Inc. (TSX: GXI), the leading global provider of onboard store technology and merchandising solutions, helps airlines and other travel operators create, manage, and control onboard retail environments tailored to their needs and their passengers. GuestLogix brings a decade of expertise as a trusted onboard transaction processing partner to airlines around the world. The Company's global headquarters and centre for product innovation is located in Toronto, Canada with regional head offices located in Dallas, Texas (serving Americas) London, UK (serving EMEA), and Hong Kong (serving Asia-Pacific). Sales and support offices are located in Singapore and Shanghai. Logistics centres are situated in Toronto, Dallas, London and Seoul with a software development centre located in India. In September 2012, GuestLogix acquired U.K.-based onboard retail technology provider Initium Onboard with clients in Europe, South America, Asia-Pacific and the Middle East. More information is available at www.guestlogix.com.
© 2012 GuestLogix. All Rights Reserved.
This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with GuestLogix' business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect GuestLogix' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Filing Statement filed on October 15, 2012 with the regulatory authorities. GuestLogix assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
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