HUNTSVILLE, Ala., Feb. 23, 2009 (GLOBE NEWSWIRE) -- Mobular Technologies, Inc. and NewRiver, Inc. today jointly announced that they have settled the patent litigation between the parties and all issues surrounding NewRiver's United States Patent Number 6,122,635 for Mapping Compliance Information Into Useable Format. Mobular will cease and desist offering its mobileCompliance product in its current form. Remaining terms of the settlement are confidential. Mobular and NewRiver declined further comment on the matter.
About Mobular Technologies, Inc.:
Mobular Technologies provides innovative technologies for online communication and fulfillment solutions in the financial services and eCommerce markets. The Mobular platform is a suite of integrated server- and client-technologies that work in tandem to mobilize both structured and unstructured data, automating the online delivery of communications and fulfillment actions and enhancing traditional print processes. Since 2001, leading global organizations have depended on Mobular to deliver business-critical information in a more cost-effective, timely and efficient manner.
The Mobular Technologies logo is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=1273