News February 17, 23:48 Eastern Time FEB 17, 1999, M2 Communications - MURRAY HILL, N.J. - Lucent Technologies Inc. and BTG International, the London-based technology-transfer company, have announced an agreement to collaborate on the commercialization of a portfolio of "smart card" patents developed by Bell Labs, Lucent's research and development arm.
A smart card is a secure, portable database, the size of a credit card, that can store and process information. The information in the card is accessed by a reader linked, for example, to a personal computer, automated teller machine, point-of-sale terminal, telephone, electronic lock, or other device.
The broad portfolio includes about 50 patents covering technologies for both the design of the cards themselves and for smart card applications in several fields.
The smart card industry is currently undergoing a period of dynamic growth, with the total market expected to increase by 52 percent, to 800 million cards by the year 2000 and from a $1.8 billion industry today to a $6.5 billion one by 2005. The main applications are expected to be in banking, mobile phones, and identity systems, transit, financial services, travel and tourism, network access control, subscription TV, healthcare, social services and other applications where secure transaction, privacy, and customer identification are essential.
"We believe this patent portfolio will be of interest of manufacturers, solution providers and service operators in a wide variety of industries and businesses," said Anthony Lando, director of BTG's Electronics and Telecommunications Division, North America.
"This unique relationship will benefit Lucent, BTG, and the smart card industry," he added. "Lucent is renowned for the excellent research done at Bell Labs, and BTG is a world leader in licensing inventions."
BTG also serves as Lucent's exclusive licensing representative for its High Temperature Superconductor (HTS) patent portfolio, which covers 48 Lucent patents and patent applications for HTS technologies.
Lucent Technologies (NYSE: LU), headquartered in Murray Hill, N.J., designs, builds and delivers a wide range of public and private networks, communications systems and software, consumer and business telephone systems and microelectronics components. Further information about Lucent Technologies is available on the worldwide Web at lucent.com.
BTG (London Stock Exchange: BGC), is a global leader in patenting and marketing intellectual property rights (IPR) for technologies that shape the future. BTG acquires, develops and licenses IPR covering innovative products and processes in the fields of electronics and telecommunications, biosciences, and medical and physical sciences. Headquartered in London, BTG has commercialized such major innovations as magnetic resonance imaging (MRI), Interferon and wide-spectrum cephalosporin antibiotics. |