SAN DIEGO, July 21, 2016 (GLOBE NEWSWIRE) -- Mitek (NASDAQ:MITK) (www.miteksystems.com), a global leader in mobile
capture and identity verification software solutions, today announced that it has successfully defended its technology in the
patent infringement case brought forth by Rothschild Mobile Imaging Innovations.
In 2014, Rothschild sued Mitek and several of its customers, alleging that Mitek products infringed on four of its patents. In
2015, the U.S. Patent and Trademark Office (USPTO) agreed to review the validity of Rothschild’s patents. At that time, Rothschild
conceded the invalidity of all claims asserted against Mitek in one of its patents, thereby removing it from the litigation. The
USPTO review process continued with respect to the remaining three Rothschild patents, with the USPTO ruling in favor of Mitek with
findings that all remaining patent claims are invalid.
“The decision confirms what we have maintained from the outset: that Rothschild’s patent claims are invalid and that Mitek and
our customers should not have been sued in the first place,” said Mitek General Counsel Jason Gray.
“Mitek is a recognized technology innovator and industry leader. We invented Mobile Deposit®, helped grow mobile
banking into the industry it is today and continue to drive innovation with 26 patents awarded for our advanced technologies,
including mobile capture and ID verification solutions,” said James DeBello, Chairman and CEO, Mitek.
Mitek continues to innovate with an additional 16 patents pending for mobile solutions that reduce friction in the mobile
channel for tens of millions of consumers.
About Mitek
Mitek (MITK) is a global leader in mobile capture and identity verification software solutions. Mitek’s ID document verification
allows an enterprise to verify a user’s identity during a mobile transaction, enabling financial institutions, payments companies
and other businesses operating in highly regulated markets to transact business safely while increasing revenue from the mobile
channel. Mitek also reduces the friction in the mobile user experience with advanced data prefill. These innovative mobile
solutions are embedded into the apps of more than 5,000 organizations and used by tens of millions of consumers daily for mobile
check deposit, new account opening, insurance quoting and more. Learn more at www.miteksystems.com. (MITK-F)
Follow Mitek on LinkedIn: http://www.linkedin.com/company/mitek-systems-inc.
Follow Mitek on Twitter: @miteksystems
Connect with Mitek on Facebook: http://www.facebook.com/MitekSystems
See Mitek on YouTube: http://www.youtube.com/miteksystems
Read Mitek’s latest blog post: http://www.miteksystems.com/blog
Mitek Contact:
Ann Reichert
Senior Director of Marketing
pr@miteksystems.com
Katherine Verducci
MIX Public Relations
pr@mix-pr.com
Mitek Investor Contacts:
Todd Kehrli or Jim Byers
MKR Group, Inc.
mitk@mkr-group.com
