Excentus Corporation and Safeway Inc. Settle Lawsuit an
Into Patent Licensing Agreement
January 27, 2010 08:53 AM Eastern Time
DALLAS & PLEASANTON, Calif.--(EON: Enhanced Online News)--Excentus Corporation and Safeway Inc. announced today
entered into a settlement and licensing agreement settling all outstanding litigation between them. “We are pleased to put this litigatio
Safeway spokesman Brian Dowling. “We respect the breadth of the Excentus intellectual property portfolio and look forward to ex
work together on fuel rewards.”
“We are glad to have been able to work with Safeway to execute an agreement that works for both of us and opens up the opportu
together on what is best for their customers going forward,” said Dickson Perry, CEO of Excentus. “Our plan is to work with other
reward their customers with fuel discounts to avoid disruptive and costly litigation for their companies as we protect the assets of Ex
Further terms of the agreements and settlement were not disclosed.
ABOUT EXCENTUS – www.excentus.com
Excentus Corporation is the provider of the fuelperks!® rewards program – a retail marketing coalition which provides the opportu
and a variety of other retailers to utilize fuel discounts as the common reward currency for their customers. Additionally, Excentus lic
and technology to its customers for the operation of their own fuel rewards program, and provides related support and marketing se
currently is the holder of seven US patents and one foreign patent covering, among other things, fuel rewards and has numerous rela
applications pending. Headquartered in Irving, Texas, Excentus Corp. was founded in 1996. It is a privately held company with ove
in the U.S. and Canada.
ABOUT SAFEWAY – www.safeway.com
Safeway Inc. is a Fortune 50 company and one of the largest food and drug retailers in North America, based on sales. The compa
stores in the United States and western Canada and had annual sales of $44.1 billion in 2008. The company’s common stock is tra
York Stock Exchange under t