Network-1 Technologies, Inc. engages in the development, licensing, and protection of its intellectual property assets.
The company presently owns one hundred (100) U.S. patents, fifty-four (54) of such patents have expired, and fifteen (15) foreign patents relating to its Cox patent portfolio (the Cox Patent Portfolio) relating to enabling technology for identifying media content on the Internet and taking further actions to be performed after such identification; its M2M/IoT patent portfolio...
Network-1 Technologies, Inc. engages in the development, licensing, and protection of its intellectual property assets.
The company presently owns one hundred (100) U.S. patents, fifty-four (54) of such patents have expired, and fifteen (15) foreign patents relating to its Cox patent portfolio (the Cox Patent Portfolio) relating to enabling technology for identifying media content on the Internet and taking further actions to be performed after such identification; its M2M/IoT patent portfolio (the M2M/IoT Patent Portfolio) relating to, among other things, enabling technology for authenticating and using eSIM (embedded Subscriber Identification Module) technology in IoT, Machine-to-Machine, and other mobile devices, including smartphones, tablets and computers, as well as automobiles; its HFT patent portfolio (the HFT Patent Portfolio) covering certain advanced technologies relating to high frequency trading, which inventions specifically address technological problems associated with speed and latency and provides critical latency gains in trading systems where the difference between success and failure may be measured in nanoseconds; its Mirror Worlds patent portfolio (the Mirror Worlds Patent Portfolio) relating to foundational technologies that enable unified search and indexing, displaying and archiving of documents in a computer system; and its remote power patent (the Remote Power Patent) covering the delivery of Power over Ethernet (PoE) cables for the purpose of remotely powering network devices, such as wireless access ports, IP phones and network based cameras. In addition, the company reviews opportunities to acquire or license additional intellectual property, as well as other strategic alternatives.
On December 31, 2023, the company owned approximately 6.7% of the outstanding units of ILiAD on a non-fully diluted basis and 5.4% of the outstanding units on a fully diluted basis (after giving effect to the exercise of all outstanding options and warrants).
The company has pending litigation involving its assertion of infringement claims concerning certain patents within its Cox Patent Portfolio and its Remote Power Patent. In addition, the company has a pending appeal to the U.S. Court of Appeals for the Federal Circuit of the District Court judgment of non-infringement dismissing its case against Meta Platforms, Inc. involving certain patents within the company’s Mirror Worlds Patent Portfolio.
Patents
The company owns one hundred (100) U.S. patents and fifteen (15) foreign patents relating to patents within its Cox Patent Portfolio, M2M/IoT Patent Portfolio, HFT Patent Portfolio, Mirror World Patent Portfolio and its Remote Power Patent. With respect to its one hundred (100) U.S. patents, fifty-four (54) of such patents have expired. The company has pending litigation involving expired patents, including its Remote Power Patent, and certain patents within the company’s Cox and Mirror Worlds Patent Portfolios.
Cox Patent Portfolio
The company’s Cox Patent Portfolio, acquired from Dr. Ingemar Cox in February 2013, consists of thirty-nine (39) U.S. patents relating to enabling technology for identifying media content on the Internet, such as audio and video, and taking further actions to be performed based on such identification. All of the patents within the company’s Cox patent portfolio have expired. The company has pending litigation against Google Inc. and YouTube, LLC involving assertion of certain patents within its Cox Patent Portfolio. The patents within the company’s Cox Patent Portfolio are based on a patent application filed in 2000. Since the acquisition of the Cox Patent Portfolio in February 2013, the company has been issued thirty-four (34) additional patents relating to this portfolio. The claims in these thirty-four (34) additional patents are generally directed towards systems of content identification and performing actions following therefrom.
M2M/IoT Patent Portfolio
The company’s M2M/IoT Patent Portfolio, acquired in December 2017 from M2M and IoT Technologies, LLC (M2M), relates to, among other things, enabling technology for authenticating and using eSIM (embedded Subscriber Identification Module) technology in IoT, Machine-to-Machine and other mobile devices, including smartphones, tablets and computers, as well as automobiles. The M2M/IoT Patent Portfolio consists of thirty-seven (37) issued U.S. patents, nine (9) pending U.S. patent applications, fourteen (14) registered foreign patents and one (1) additional pending non-U.S. patent applications. Since it acquired the M2M/IoT Patent Portfolio in December 2017, the company has been issued twenty-three (23) additional U.S. patents with respect to the portfolio. The company anticipates further issuances of additional claims for this portfolio. The expiration dates of the thirty-seven (37) issued U.S. patents within its M2M/IoT Patent Portfolio range from September 2033 to May 2034.
HFT Patent Portfolio
On March 25, 2022, the company acquired the HFT Patent Portfolio. This portfolio covers certain advanced technologies relating to high frequency trading.
Strategy
The company’s strategy includes continuing its efforts to monetize its intellectual property. In addition, the company continues to seek to acquire additional intellectual property assets to develop, commercialize, license or otherwise monetize. The company’s strategy includes working with inventors and patent owners to assist in the development and monetization of their patented technologies. The company’s patent acquisition and development strategy is to focus on acquiring high quality patents. In addition, the company may also enter into strategic relationships with third parties to develop, commercialize, license or otherwise monetize their intellectual property.
History
Network-1 Technologies, Inc. was incorporated in 1990.
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