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ACCO Brands, PC Guardian Reach Agreement to Settle Pending Litigation

  • March 17, 2009
  • Topics: Events

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.

About Kensington

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

About Kensington

Kensington is a leading provider of desktop and mobile device accessories, trusted by IT, educators, business and home office professionals around the world for more than 35 years. Kensington products empower people to dynamically interact with content, creating a better working experience for productive performance. In both office and mobile environments, Kensington’s extensive portfolio of award-winning products provides trusted security, desktop productivity innovations, and ergonomic well-being. Our core competencies in engineering, industrial design, product quality and responsive customer support make Kensington The Professionals’ Choice.

Headquartered in San Mateo, California, Kensington operates as the technology division of ACCO Brands (NYSE: ACCO), one of the world’s largest designers, marketers and manufacturers of branded business, academic and consumer products, sold in more than 100 countries across the globe.

Kensington is the inventor and worldwide leader in laptop security locks, the acknowledged leader of Trackball innovation and offers a broad range of premium-branded desktop productivity solutions.