`Case 1:24-cv-00733-UNA Document1-6 Filed 06/20/24 Page 1 of 6 PagelD #: 333
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`Case 1:24-cv-00733-UNA Document 1-6 Filed 06/20/24 Page 2 of 6 PageID #: 334
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`PORTLAND, OR (January 31, 2024) – PayRange Inc., the inventor and solution provider
`of the leading mobile payment app and hardware for automated retail, and KioSoft
`Technologies, have settled a four-year patent dispute over mobile payment technology
`used to enable consumers to pay self-service retail machines such as laundry and
`vending machines. PayRange, which has an extensive patent portfolio, had alleged
`that KioSoft and its affiliate TechTrex had infringed on numerous PayRange patents.
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`Case 1:24-cv-00733-UNA Document 1-6 Filed 06/20/24 Page 3 of 6 PageID #: 335
`KioSoft has agreed to license PayRange technology that could exceed $62 million over
`a ten-year period based on outcomes with a base license of $40 million.
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`“While we had challenged the PayRange patents vigorously, the Patent Trial and
`Appeal Board (PTAB) upheld the PayRange patents and, although we disagreed with
`the result, we must now accept that PayRange has valid claims,” stated Charles Lee,
`President of KioSoft. “We respect the technologies that have helped the self-service
`industry thrive; and we look forward to continuing to lead innovation and development
`by providing best-in-class service to our customers with this fully-licensed technology,
`without any futher legal distractions.”
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`PayRange has developed technology that empowers consumers to pay unconnected
`self-service machines with a smartphone which has provided significant improvements
`in convenience, improved sales for machine owners, and reduced operating costs. The
`earliest patents date back to 2013, making PayRange a pioneer in the space.
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`“We’re thrilled that we have finally resolved the patent dispute with KioSoft and that
`our technological innovations have been vindicated,” stated Paresh Patel, founder and
`CEO of PayRange. “This agreement is more than a settlement; it’s recognition on the
`importance of intellectual property in fostering game-changing industry innovation,
`and in the American Dream itself in which hard work, innovation, and individual
`property rights matter. We will continue to pursue enforcement of our payment app
`solution patents against all infringers.”
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`Parties interested in learning more about licensing PayRange technology may contact
`licensing@payrange.com.
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`A message from PayRange Founder & CEO Paresh Patel
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`Case 1:24-cv-00733-UNA Document 1-6 Filed 06/20/24 Page 4 of 6 PageID #: 336
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`About PayRange:
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`PayRange was founded by Paresh Patel, an unattended retail veteran, to provide
`operators and consumers with a simple and secure mobile payment and loyalty
`solution for laundry, vending, amusement, and other small ticket merchants. PayRange
`is the North American leader in mobile payments for unattended retail, with over 7
`million users and a network of machines throughout 350 cities and towns in the US and
`Canada. Find out more at www.payrange.com.
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`About KioSoft Technologies:
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`KioSoft provides innovative and powerful unattended payment solutions for a wide
`variety of industries including Laundry Markets, Air Pump & Vac, Car Wash,
`Amusement, Coffee Kiosks, Parking, and Vending. KioSoft has headquarters in
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`Case 1:24-cv-00733-UNA Document 1-6 Filed 06/20/24 Page 5 of 6 PageID #: 337
`Boynton Beach, FL USA, and international offices in Toronto, Canada, Qingdao, China,
`Mexico City, Mexico, Bucharest Romania, and Seoul, Korea. As a single-source
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`provider, KioSoft controls all facets of the solutions it provides.
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`Media Contact:
`Stephanie Cordisco
`press@payrange.com
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`Download the Press Release
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`January 31, 2024
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`PayRange Inc.
`9600 NE Cascades Pkwy, Ste 280
`Portland, OR 97220
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`Case 1:24-cv-00733-UNA Document 1-6 Filed 06/20/24 Page 6 of 6 PageID #: 338
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`© 2024 PayRange Inc. All rights reserved. | Patents: www.payrange.com/patents
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