Network-1 Receives New Patent from U.S. Patent Office Expanding Its M2M/IoT Patent Portfolio To Include 20 Issued Patents
22 Janvier 2019 - 8:00PM
Network-1 Technologies, Inc. (NYSE AMERICAN: NTIP), a company
engaged in the development, licensing and protection of
intellectual property, announced today that the U.S. Patent and
Trademark Office issued U.S. Patent No. 10,187,206 (“Key Derivation
for a Module Using An Embedded Universal Integrated Circuit Card”).
The claims in the newly issued patent are generally directed
towards methods of updating profiles on embedded universal
integrated circuit cards (eUICC or embedded sim cards).
The newly issued ‘206 patent arises from a
patent application contained in the M2M/IoT patent portfolio
acquired by Network-1 in December 2017 (the “M2M/IoT Patent
Portfolio”). The M2M/IoT Patent Portfolio relates to, among other
things, the enabling technology for authenticating and using
embedded SIM cards in next generation IoT, Machine-to-Machine, and
other mobile devices, including smartphones, tablets and computers
as well as automobiles and drones. With this latest issuance, the
M2M/IoT Patent Portfolio now includes twenty (20) issued U.S.
patents and seven (7) pending U.S. patent applications, plus seven
(7) additional pending non-U.S. patent applications. Network-1
anticipates further issuances of additional claims for the M2M/IoT
Patent Portfolio.
ABOUT NETWORK-1 TECHNOLOGIES, INC.
Network-1 Technologies, Inc. is engaged in the
development, licensing and protection of its intellectual property
and proprietary technologies. Network-1 works with inventors and
patent owners to assist in the development and monetization of
their patented technologies. Network-1 currently owns sixty-four
(64) patents covering various telecommunications and data
networking technologies as well as technologies relating to
document stream operating systems and the identification of media
content. Network-1’s current strategy includes continuing to pursue
licensing opportunities for its Remote Power Patent and its efforts
to monetize three patent portfolios (the Cox, Mirror Worlds and
M2M/IoT Patent Portfolios). Network-1’s strategy is to focus on
acquiring and investing in high quality patents which management
believes have the potential to generate significant licensing
opportunities as Network-1 has achieved with respect to its Remote
Power Patent and Mirror Worlds Patent Portfolio. Network-1’s Remote
Power Patent has generated licensing revenue in excess of
$143,000,000 from May 2007 through September 30, 2018. Network-1
has achieved licensing and other revenue of $47,150,000 through
September 30, 2018 with respect to its Mirror Worlds Patent
Portfolio.
This release contains forward-looking statements
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These statements address
future events and conditions concerning Network-1's business plans.
Such statements are subject to a number of risk factors and
uncertainties as disclosed in the Network-1's Annual Report on Form
10-K for the year ended December 31, 2017 filed with the Securities
and Exchange Commission, including, among others, the continued
material adverse effect on Network-1's business, results of
operation and cash-flow if the District Court order confirming the
HP jury verdict finding of non-infringement is not reversed by the
Federal Circuit Court of Appeals, the risk that Network-1 will not
continue to receive material royalty revenue from licensees of its
Remote Power Patent, the uncertainty of Network-1's revenue stream,
the ability of Network-1 to successfully execute its strategy to
acquire or make investments in high quality patents with
significant licensing opportunities, Network-1's ability to achieve
revenue and profits from its Cox Patent Portfolio, its M2M/IoT
Patent Portfolio and additional revenue and profit from its Mirror
Worlds Patent Portfolio as well as its investment in IliAD
Biotechnologies, LLC or other intellectual property it may acquire
or finance in the future, the ability of Network-1 to enter into
additional license agreements, uncertainty as to whether cash
dividends will continue be paid, the uncertainty of patent
litigation and proceedings at the United States Patent and
Trademark Office, the difficulty in Network-1 verifying royalty
amounts owed to it by its licensees, Network-1's ability to enter
into strategic relationships with third parties to license or
otherwise monetize their intellectual property, the risk in the
future of Network-1 being classified as a Personal Holding Company,
future economic conditions and technology changes and legislative,
regulatory and competitive developments. Except as otherwise
required to be disclosed in periodic reports, Network-1 expressly
disclaims any future obligation or undertaking to update or revise
any forward-looking statement contained herein.
Corey M. Horowitz, Chairman and CEONetwork-1
Technologies, Inc.(212) 829-5770
Network 1 Technologies (AMEX:NTIP)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Network 1 Technologies (AMEX:NTIP)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024