Tuesday September 21, 7:03 am Eastern Time
Company Press Release
SOURCE: Spyglass Inc.
Spyglass Licenses Patent for Web Filtering Technology to JSB's surfCONTROL
NAPERVILLE, Ill., Sept. 21 /PRNewswire/ -- Spyglass® Inc. (Nasdaq: SPYG - news) announced today that it has signed a non-exclusive license agreement for a minimum value of $2 million with JSB Software Technologies plc (London: JSB), surfCONTROL division to license Spyglass' patent for Web filtering technology.
(Photo: NewsCom: newscom.com )
In March 1999, Spyglass announced it had received patent number 5,884,033 from the U.S. Patent Office for its core filtering technology and processes. The patent is titled, ''Internet Filtering System for Filtering Data Transferred over the Internet, Utilizing Immediate and Deferred Filtering Actions.'' The U.S. Patent for the Web filtering technology includes the steps of maintaining a database of filters, comparing information in an Internet request to filtering information in one or more of the filter databases, and determining whether to prevent or allow the transmission in response to the comparison.
In a separate announcement, Spyglass signed a definitive agreement to sell its SurfWatch Software division to JSB Software Technologies plc, through its surfCONTROL division headquartered in Scotts Valley, Calif. JSB is a leading provider of Corporate Internet Filtering software.
Following completion of the transaction, Spyglass will retain its U.S. Patent for its proprietary Web filtering technology and processes. In addition, Spyglass will enter into a worldwide distribution agreement with JSB under which Spyglass will continue to sell SurfWatch software to customers in the interactive television market. To date, Spyglass has agreements with several interactive television customers including Microsoft WebTV, Comcast, Worldgate, Excite@Home, American Interactive Media and NTL.
About JSB'S surfCONTROL
surfCONTROL, a division of JSB Software Technologies plc, is the foremost authority on Corporate Filtering, providing the market's premier Internet access management software. Based on sophisticated ''Expert Filtering'' and ''Pass-By'' technologies, the surfCONTROL family ensures that corporate ''Internet Access is Business Access.'' This comprehensive line of Internet monitoring, management and filtering offerings -- now including the entire LittleBrother product line from the company's recent acquisition of Kansmen Corporation -- address many of the key issues raised by corporate Internet access, such as productivity, legal liability, infrastructure bandwidth, and network security.
surfCONTROL ( www.surfcontrol.com ) is a division of JSB Software Technologies plc ( www.jsb.com ), the prime architect for the Windows Sockets standard and provider of innovative communications technology for the world's leading ISVs. surfCONTROL works with a range of strategic partners, including Check Point Software, Hewlett Packard, IBM, ICSA, ISS, Inc., Microsoft , NCR Corporation, and Tivoli Systems. Headquartered in Scotts Valley, Calif. and Manchester, UK, JSB is quoted on the London Stock Exchange (AIM) as 'JSB'.
About Spyglass
Internet pioneer Spyglass (Nasdaq: SPYG - news) provides solutions for the expanding information appliance market. The company provides expertise, software, and services primarily to the interactive television and mobile data segments. Spyglass solutions are used by market-leading companies including: GTE, General Instrument, Microsoft, Motorola, NEC, Nokia, Sony, Thomson Consumer Electronics (RCA) and Xerox. Spyglass is headquartered in Naperville, Ill. and has regional offices in Lexington, Mass., Silicon Valley, Calif., London and Tokyo. Visit spyglass.com for more information.
Spyglass and the Spyglass logo are trademarks or registered trademarks of Spyglass, Inc., in the United States and other countries. Mosaic is a trademark of the University of Illinois. SurfWatch is a registered trademark of SurfWatch Software, a division of Spyglass, Inc. (Other technologies and brand names are trademarks or registered trademarks of their respective companies.) This release contains information about management's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including uncertainty related to consummation of the proposed transaction, the ability of JSB Software Technologies PLC to complete its anticipated public offering on the Easdaq Stock Market, owning equity securities in JSB Software Technologies PLC, consummation of binding agreements with prospective business partners, competition, development of the marketplace, the timing of the execution and recognition of revenues under new agreements, the ability to close and execute large multi-year contracts, product development, technological change and other factors that are discussed in the company's annual report on Form 10-K for the year ended September 30, 1998 and other documents periodically filed with the SEC.
SOURCE: Spyglass Inc.
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