TeleCommunication Systems, Acacia Subsidiary Enter Into Patent Licensing Alliance
Dec 28, 2012 (Close-Up Media via COMTEX) --
TeleCommunication Systems, Inc. (TCS), a provider of secure mobile communication technology, and Acacia Research Corp., a company focusing on patent licensing, announced that TCS and a subsidiary of Acacia have entered into a patent licensing alliance, whereby the Acacia subsidiary has acquired the rights to a portion of TCS' wireless data synchronization & data transfer patent portfolio.
TCS' wireless technology enables the seamless synchronization of data between handheld devices, tablets, e-readers and servers. These patents were part of the foundational work that was done by Aether Systems in the 1990's to address the need to securely and accurately synchronize data to handheld devices used by financial traders and businesses. TCS acquired the Enterprise Mobility Solutions division of Aether in 2004.
"Yet another important step in our patent licensing initiatives has been taken today," said Maurice B. Tose, TCS chairman, CEO and president. "We look forward to maximizing the potential return on the Aether patent portfolio, and we will continue to seek out similar opportunities."
"We are pleased to once again be selected to help TCS realize fair value from their research and development investment," said Paul Ryan, CEO of Acacia.
With clear strengths in public safety, mobile location, messaging, and the wireless communication fields, TCS noted, it has created an intellectual property portfolio. Meaningful partnerships with other companies can be developed through direct licensing, cross licensing and joint venture agreements. In 2012, TCS was issued 52 U.S. patents; for the year to date, TCS filed 86 U.S. patents, bringing the total number of patents issued worldwide to TCS to date to 271, with over 380 patent applications pending worldwide.
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