(UPDATE3) WiLAN CEO Jim Skippen plans to retire, will stay on until suitable replacement is found

WiLAN Inc. (WILN), the patent licensing company run by CEO Jim Skippen, said he intends to retire, starting an orderly leadership transition over the next year. Ottawa, Ontario-based WiLAN said Skippen has agreed to stay on as president and CEO until a suitable replacement has been identified and hired, which may take more than a [...]

By | June 30th, 2015|Patent Investing|Comments Off on (UPDATE3) WiLAN CEO Jim Skippen plans to retire, will stay on until suitable replacement is found

Acacia units reach licensing agreements with BMW of North America and Kyocera

Acacia Research Corp. (ACTG), the patent licensing company run by CEO Matt Vella, said it reached patent licensing agreements with BMW North America and Kyocera Communications Inc. Newport Beach, Calif.-based Acacia said the terms of the licensing agreements its Innovative Display Technologies and Delaware Display Group units signed with BMW of North America and Kyocera [...]

By | June 29th, 2015|Patent Investing|Comments Off on Acacia units reach licensing agreements with BMW of North America and Kyocera

Crossroads Systems may raise as much as $14M from rights offering

Crossroads Systems Inc. (CRDS), the patent monetization company run by CEO Richard Coleman Jr., said it may receive up to $14 million from the issuance of 11,219,801 shares of common stock under a rights offering to holders of its common stock and preferred stock. The rights will allow the holder to purchase half a share [...]

By | June 29th, 2015|Patent Investing|Comments Off on Crossroads Systems may raise as much as $14M from rights offering

Vringo asks Brazilian court to fine ZTE $2.5M for violating injunction

Vringo Inc. (VRNG), the patent monetization company locked in a multi-jurisdictional infringement dispute with ZTE Corp., has asked a Brazilian court to order the Chinese telecom giant to pay an accumulated daily fine of 8.08 million reals ($2.5 million) for violations of a court imposed injunction. New York-based Vringo said in a statement today that [...]

By | June 29th, 2015|Patent Investing|Comments Off on Vringo asks Brazilian court to fine ZTE $2.5M for violating injunction

ITUS announces implementation of 1-for-25 reverse stock split to become eligible for Nasdaq

ITUS Corp. (ITUS), the patent monetization company run by CEO Robert Berman, said it is implementing a 1 for 25 reverse stock split to help the company become eligible for a listing on the Nasdaq Stock Market. Shares of Los Angeles based ITUS, which trade over the counter, closed yesterday at 14 cents. This morning [...]

By | June 26th, 2015|Patent Investing|Comments Off on ITUS announces implementation of 1-for-25 reverse stock split to become eligible for Nasdaq

WiLAN reaches licensing deal with Acuity Brands, leaving four related cases pending

WiLAN Inc. (WILN), the patent licensing company run by CEO Jim Skippen, said its subsidiary, Intuitive Building Controls, Inc., has entered into a patent license agreement with Acuity Brands, Inc., related to network lighting controller technology for an undisclosed amount. Ottawa-based WiLAN acquired the patents from Hewlett-Packard in November 2014. Acuity Brands is one of [...]

By | June 25th, 2015|Patent Investing|Comments Off on WiLAN reaches licensing deal with Acuity Brands, leaving four related cases pending

(UPDATE2) Inventergy sells two patent families to unnamed third party for $4 million

Inventergy Global Inc. (INVT), the patent monetization company run by CEO Joe Beyers, said it sold two its 116 patent families to an unnamed third party for $4 million. The money comes at a time when Inventergy has been trying to cut costs and preserve cash. In April, the company said it was establishing a [...]

By | June 25th, 2015|Patent Investing|Comments Off on (UPDATE2) Inventergy sells two patent families to unnamed third party for $4 million

Vringo, ITUS moving beyond just IP monetization, plan to develop and sell products

Vringo Inc. (VRNG) and ITUS Corp. (ITUS) joined Finjan Holdings Inc. (FNJN) this week in expanding beyond their pure patent infringement business model to launch new businesses that will offer products. New York-based Vringo announced a joint venture with its former Chief Technology Officer Andrew “Ken” Lang to develop technologies in the mobile, security, digital currency, [...]

By | June 24th, 2015|Patent Investing, Patent Trolling|Comments Off on Vringo, ITUS moving beyond just IP monetization, plan to develop and sell products

Vringo is third patent monetizer to expand into product offerings with new venture

Vringo, Inc. (VRNG), still stinging from an appellate court decision that erased two thirds of its market value in a day last August, today became the third patent monetization company after Finjan Holdings (FNJN) and ITUS Corp. (ITUS) this month to launch an effort to expand into product offerings. Shares of New York-based Vringo touched [...]

By | June 24th, 2015|Patent Investing|Comments Off on Vringo is third patent monetizer to expand into product offerings with new venture

ITUS Corp. is latest patent monetizer to expand into product offerings

ITUS Corp. (ITUS), the patent monetization company run by CEO Robert Berman, said it has formed a new subsidiary, Anixa Diagnostics Corp., for the purpose of developing and marketing non-invasive, early cancer screening tests. Los Angeles-based ITUS said Anixa will be lead by Dr. Amit Kumar, who will become executive chairman of Anixa, and also [...]

By | June 23rd, 2015|Patent Investing|Comments Off on ITUS Corp. is latest patent monetizer to expand into product offerings