Network-1 Receives Another New Patent from U.S. Patent Office Expanding Its M2M/IoT Patent Portfolio
28 Setembro 2018 - 3:00PM
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. 10,084,768 (“Embedded
universal integrated circuit card supporting two-factor
authentication”). 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 ‘768 patent arises from a
patent application contained in the M2M/IoT patent portfolio
acquired by Network-1 in December 2017 (the “Nix Portfolio”). The
Nix 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 Nix Portfolio now
includes eighteen (18) 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 Nix 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-one
(61) 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 acquisition strategy is to
focus on acquiring 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 $141,000,000 from May
2007 through June 30, 2018. Network-1 has achieved licensing and
other revenue of $47,150,000 through June 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 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 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 intellectual property it may acquire 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)
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