Reed Tech Awarded Patent Data Capture Bridge Contract with a Potential Value of More Than $500M

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LexisNexis company will continue to capture, manage and prepare for publication every non-secret patent application submitted to the United States Patent and Trademark Office (USPTO).

Reed Technology and Information Services Inc. (Reed Tech), a LexisNexis company, today announced that the United States Patent and Trademark Office (USPTO) has awarded the company a patent data capture contract. This bridge contract continues work performed under the previous contract DOC50PAPT0410001. Reed Tech will continue to capture, manage and prepare for publication every non-secret patent application submitted to the USPTO under this contract, which has a ceiling amount of $518,821,642. This contract is scheduled to begin February 1, 2015, running for one year (through January 31, 2016) with two, one-year extensions at the option of the USPTO.

Reed Tech has provided services that support the publication of U.S. patent grants since 1970 and the publication of U.S. patent applications since 2001. A long-time supplier to the USPTO for 45 years, Reed Tech has tailored its powerful and flexible work flow management system to meet the USPTO’s business rules to convert large volumes of complex scientific and technical information—such as chemical structures and mathematical equations, DNA sequences, tabular information and graphics—into searchable XML and image databases. The XML- and image-based patent information that Reed Tech delivers under the patent data capture contract is used by USPTO examiners and staff internally, and disseminated worldwide by the USPTO.

“We are extremely pleased to continue to support the strategic objectives of the USPTO in its mission to utilize technology to strengthen capacity and improve patent quality,” said Sam Hardman, president of Reed Tech. “The advancements brought about by the intellectual property system have a profound effect on the entire U.S. economy and way of life, and Reed Tech is very proud to contribute to this legacy of innovation.”

The new contract follows the previous contract’s scope of work, which includes scanning and indexing all new patent applications and follow-on correspondence received by the USPTO in addition to other patent data capture processes. Under the contract, Reed Tech will prepare more than 14,000 patent applications per week for publication.

About Reed Tech
Reed Tech is the provider of best-in-class information-based solutions and services to meet the broad needs of the global Intellectual Property market as well as key regulatory needs of the Life Sciences industry. Our customers include the U.S. Patent and Trademark Office, IP-driven companies, law firms, and a wide range of pharmaceutical and medical device manufacturers. The corporate culture is driven by a commitment to excellence, innovation, and a strong dedication to its customers, employees and community. Reed Tech has worked in the patent arena since 1970 and has electronically captured and prepared for publication well over half of all U.S. patents ever granted by the U.S. Patent and Trademark Office (USPTO). Reed Tech is a LexisNexis company.

About LexisNexis® Legal & Professional
LexisNexis Legal & Professional is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organizations to make informed decisions and achieve better business outcomes. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. Today, LexisNexis Legal & Professional harnesses leading-edge technology and world-class content, to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. Part of Reed Elsevier, LexisNexis Legal & Professional serves customers in more than 175 countries with 10,000 employees worldwide.

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