Sierra Wireless buys MMP Portfolio license.
TELECOMWORLDWIRE-December 4, 2012-Sierra Wireless buys MMP Portfolio license(C)1994-2012 M2 COMMUNICATIONS http://www.m2.com
Patriot Scientific Corp. (OTC: PTSC) said that Sierra Wireless, Inc. has purchased an MMP Portfolio license. The agreement resolves the ITC Investigation and District Court lawsuit recently filed against Sierra Wireless.
Sierra joins a roster of nearly 100 MMP Licensees that include some of the world's largest electronics companies, including Hewlett-Packard, Sony, Nokia, General Electric, ASUStek, and Philips.
In July, MMP Portfolio owners, Technology Properties Ltd. and Patriot Scientific Corp., launched the first wave of aggressive enforcement activities, filing a complaint with the US International Trade Commission and corresponding complaints in the US District Court for the Northern District of California against 13 companies believed to be infringing the MMP Portfolio patents. Sierra Wireless is the first of the 13 companies to purchase an MMP License.
The three-pronged enforcement strategy includes: (1) a Complaint filed with the US ITC seeking an Exclusion Order prohibiting the importation of unlicensed products; (2) parallel actions in US District Court seeking damages for past infringement that includes past un-paid royalties -- plus the interest which has accrued on those royalties -- both tripled for willful infringement, plus attorney's fees; and, (3) the pursuit of injunctions in both the US District Court and the ITC barring the sale of infringing products in the United States in the future.
Headquartered in Carlsbad, California, Patriot Scientific Corp. is the co-owner of the Moore Microprocessor Patent Portfolio. For more information on PTSC, visit www.ptsc.com.
The MMP Portfolio includes US patents as well as their European and Japanese counterparts, which cover techniques that enable higher performance and lower cost designs essential to consumer and commercial digital systems ranging from PCs, cell phones and portable music players to communications infrastructure, medical equipment and automobiles.
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|Date:||Dec 4, 2012|
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