SKO
25/06/2014 16:52
GENERAL
REL: 1652 HRS Serko Limited
GENERAL: SKO: Serko Confirms Granting of US Patent
Market Release
25 June 2014
Serko Confirms Granting of US Patent Relating to Travel Expense Automation
Serko Limited confirms that the United States Patent office has today (NZT)
granted a travel expense automation patent to Serko. Further details about
the patent are set out below.
This patent is seen as an important addition to Serko's existing IP
portfolio. Serko considers mobile payment via near field communication
(NFC), and associated expense management reconciliation, to be a key
development in the technological evolution of corporate travel.
For media queries please contact:
Strahan Wallis, Porter Novelli for Serko,
+64 21 410 294
[email protected]
For investor relations queries please contact:
Tim Bluett, Chief Financial Officer, Serko
+64 9 309 4754
[email protected]
Further information relating to Patent (Ref: US 8,762,185 B2)
A copy of the patent is available on the United States Patent and Trademark
Office website http://portal.uspto.gov/pair/PublicPair. The patent is
described as "a method of monitoring the expense of a traveller during the
progress of an itinerary utilises NFC (Near Field Communication) for carrying
out the financial transactions associated with the itinerary and updates a
corporate ERP or similar financial database with the financial transactions
as they occur allowing rapid allocation to cost centres. The itinerary may
be laid out in terms of itinerary events, each of which may be tracked by an
NFC connection with an NFC device at an expected location and date for the
itinerary event".
ENDS
End CA:00252038 For:SKO Type:GENERAL Time:2014-06-25 16:52:37
