Saskatoon, SK and Vancouver, BC – December 08,
2005 – Point2 Technologies Inc. (“Point2”) today announced that
Shutterfly, Inc. of Redwood City, CA has signed a licensing agreement
for patented Point2 technology in the field of formatting, resizing and
storing of image data and photos.
Under
the terms of the deal, Shutterfly, the leading independent online photo
service and Inc. 500 company has been granted a license to Point2
United States Patent No. 6,721,802, Canadian Patent No. 2,315,278 and
European Patent Application No. 00306934.1. The patents relate to the
ability to automatically resize, reformat or alter image data on a
client-side computer, and upload it efficiently to a central server for
storage.
Financial terms of the deal are confidential.
“Thousands
of small, medium and large organizations in a number of industries
worldwide, including real estate, heavy equipment, and consumer
technology products and services must rely on more efficient processes
to format and upload photos to central storage servers, effectively
positioning Point2 Technologies to benefit from its patents in the
field,” said Wendell Willick, chief executive officer of Point2
Technologies.
“Market
recognition of Point2’s user friendly Internet technology continues to
manifest itself in increased revenues from licensing and rapid adoption
of Point2 Agent, our real estate broker and agent website and online
marketing platform,” added Mr. Willick.
Over 68,000 real estate professionals in 55 countries today subscribe to Point2 Agent.
Point2 also licenses its technology, including its photo management patents, to Caterpillar, Inc.
About Point2 Technologies Inc.
Point2 Technologies is a global leader in online marketing and
eBusiness software solutions for the real estate and heavy equipment
industries. Leveraging Point2 proprietary and patented technology,
Point2 develops and markets software solutions that enable
organizations to conduct business over the Internet more easily and
more profitably.
Founded
in 1996, Point2 Technologies is a privately held, profitable
organization. The company employs a staff of 95 at its headquarters in
Saskatoon, SK and its Vancouver, BC offices. In recognition for its
ground-breaking technology and industry leadership, in the year 2000
Point2 Technologies received the No. 1 eBusiness designation in Canada
by global management consultants, Bain & Company and Canada’s
national business daily, The Globe and Mail. Point2 was also named one
of the Top 200 most promising B2B companies in the world, by Forbes
Magazine. More information can be obtained at http://www.point2.com.
Point2®
is a trademark of Point2 Technologies Inc. All other company and
product names may be trademarks of the respective companies with which
they are associated.
Media Relations contact:
Roger Noujeim
Public Relations Director
Toll Free: 1-888-955-7900 ext. 224 (U.S. and Canada)
Tel: 1-604-675-9393
rnoujeim@point2.com
Investor Relations contact:
Robert Gutek
Vice President, Finance
Toll Free: 1-866-955-7900 ext. 213 (U.S. and Canada)
Tel: 1-306-955-9736 ext. 213
rgutek@point2.com