ACCO Brands Corporation (NYSE: ABD), a world leader in select categories of branded office products, and PC Guardian Anti-Theft Products, Inc., a proven leader in IT asset security and management, announced today that they have agreed to settle pending litigation relating to certain patents owned by ACCO Brands. Terms of the agreement were not disclosed.
As a result of the agreement, PC Guardian will discontinue the sale of computer locks and focus on providing innovative RFID Information Technology solutions to enterprises. Kensington Computer Products Group, a division of ACCO Brands, will integrate the PC Guardian computer lock business into its existing customer and product portfolio.
In addition, ACCO Brands will acquire certain PC Guardian assets, including product designs and patents.
PC Guardian will retain the rights to the PC Guardian brand for non-computer lock products.
About ACCO Brands Corporation
ACCO Brands Corporation is a world leader in select categories of branded office products. Its industry-leading brands include Day-Timer®, Swingline®, Kensington®, Quartet®, GBC®, Rexel, NOBO, and Wilson Jones®, among others. Under the GBC brand, the company is also a leader in the professional print finishing market.
About PC Guardian
Over the past 25 years, PC Guardian has secured and protected more than 25 million IT assets in large and midsize organizations worldwide. Today, PC Guardian designs, develops, and supports an innovative line of enterprise-focused RFID IT solutions to help organizations protect and manage their IT physical assets and meet compliance standards. PC Guardian is a wholly owned subsidiary of Micro Security Devices, Inc.
Wherever technology takes you, personalize it with Kensington, a worldwide leader in smart made simple computing accessories. Kensington makes smart, intuitive, and stylish computing accessories for laptop and desktop computers, MP3 players, iPod and iPhone. Kensington Computer Products Group, headquartered in Redwood Shores, California, is the technology division of ACCO Brands, a world leader in branded office products.
Notes to editors
Kensington, a leader in smart. safe. simple.™ computing accessories, is the recognized industry standard trusted by enterprises around the world. Kensington's mobile security product offerings include laptop and mobile security locks providing a new generation of front-line protection for mobile devices. In addition, Kensington offers accessories including power adapters, chargers, mice, keyboards, trackballs, universal docking stations, desktop accessories, carrying cases and iPad/iPhone/iPod accessories. Kensington Computer Products Group, headquartered in Redwood Shores, California, is the technology division of ACCO Brands (NYSE: ABD), a world leader in branded office products, with products marketed in more than 100 countries across the globe. For more information, visit www.kensington.com or call Kensington toll-free at 1-800-235-6708.