Acacia Research Ownership of Soundview Technologies Increases to 100 Percent.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--June 26, 2001 Acacia acacia (əkā`shə), any plant of the large leguminous genus Acacia, often thorny shrubs and trees of the family Leguminosae (pulse family). Research Corp. (Nasdaq:ACRI) today announced that Acacia Research's ownership of Soundview Technologies has increased to 100 percent, following Soundview's completion of a stock purchase transaction with the former minority shareholders of the company. Soundview purchased the stock of the former minority shareholders in exchange for a cash payment and a percentage of future revenues generated by the company's current patent portfolio, which includes its V-chip patent. Acacia Research will now receive 80 percent of future revenues generated by the patent portfolio, compared with 66.7 percent previously. This will include royalties to be received from Thomson, the largest manufacturer of televisions in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , resulting from the Settlement and License Agreement also announced today. Soundview Technologies will continue to be managed by Robert "Chip" Harris, the company's chairman and chief executive officer, and Robert Berman, its president, both of whom are officers of Acacia Research. Soundview has granted nonexclusive licenses of its U.S. Patent No. 4,554,584 relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc television video and audio blanking technology, commonly known as the V-chip, to Philips Electronics, Hitachi, Samsung Electronics Samsung Electronics (SEC, Hangul:삼성전자; KSE: 005930, KSE: 005935, LSE: SMSN, LSE: SMSD) is a South Korean multinational corporation and the world's largest and leading electronics and information technology company. , Funai Electric, Sanyo Manufacturing, L.G. Electronics, Daewoo and Thomson Multimedia, and settled its lawsuit lawsuit: see procedure; tort. with Pioneer Electronics. About Soundview Technologies Inc. Soundview Technologies has acquired and developed intellectual property in the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. field, including audio and video blanking systems, also known as V-chip technology. Soundview owns the exclusive right and title to U.S. Patent No. 4,554,584, which describes a cost-efficient method for implementing the V-chip system in parallel with the existing closed-captioning circuits already in place in televisions. About Acacia Research Corp. Acacia Research develops and operates life science and enabling technology companies. The company's core technology opportunity has been developed through its subsidiary, CombiMatrix Corp. Acacia Research intends to build and acquire companies in the life science and material science fields that will utilize CombiMatrix's biochip biochip Small-scale device, analogous to an integrated circuit, constructed of or used to analyze organic molecules associated with living organisms. One type of theoretical biochip is a small device constructed of large organic molecules, such as proteins, and capable of technology. Acacia Research's Web site is located at www.acaciaresearch.com. |
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