E-Data Corporation (EDTA)

Overview

E-data Corporation (EDC), initially incorporated in 1959 as Domestic Credit Corporation, has undergone multiple name changes, becoming Mardyne, Inc. in 1980, then Dial-A-Gift, Inc. in 1985, followed by Interactive Gift Express, Inc. in 1994, and finally adopting its current name, E-data Corporation, in 1995. The company is specialized in managing the rights to the Freeny Patent, a patent titled "System for Reproducing Information in Material Objects at a Point of Sale Location." Its business operations are comprehensive, including the identification and notification of potential infringers, marketing of its patent rights, negotiation of licensing and market test agreements, and settlement negotiations with infringers. EDC, headquartered in Port Washington, New York, has transitioned through various phases of business focus to leverage the value of the Freeny Patent effectively. As of May 31, 2011, E-data Corporation functions as a subsidiary of Kaba Holding AG, marking a significant milestone in its corporate journey.

Products and Services

The core operations of E-data Corporation revolve around the management and commercialization of the Freeny Patent, incorporating a range of strategic activities:

• Identification and Notification: EDC systematically identifies potential infringements of the Freeny Patent and initiates contact with the entities involved to notify them of their infringement, starting the process of engagement toward resolution or licensing.
• Marketing of Patent Rights: The company employs strategic marketing efforts to promote the benefits and importance of the Freeny Patent to potential licensees, showcasing the value addition and legal security that comes with entering into licensing agreements.
• Negotiation of Licensing Agreements: A key service provided by E-data Corporation is the negotiation of licensing agreements with entities that wish to utilize the patent-protected technology legally. These agreements are tailored to suit both the licensee's requirements and the patent holder's rights and expectations.
• Market Test Agreements: To facilitate potential licensees' evaluation of the Freeny Patent's applicability and benefits to their operations, EDC negotiates market test agreements. These agreements allow for a trial usage of the patent under certain conditions, providing a basis for more permanent licensing agreements.
• Negotiation of Settlements: In cases where infringement has occurred, EDC engages in negotiations aimed at reaching settlements with infringing companies. These settlements not only address the infringement but also often result in the establishment of licensing agreements for future use.