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TeleCommunication Systems signs agreement with Patent Monetization Associates for acquisition of messaging patents.

WORLDWIDE COMPUTER PRODUCTS NEWS-March 18, 2014-TeleCommunication Systems signs agreement with Patent Monetization Associates for acquisition of messaging patents

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TeleCommunication Systems Inc (TCS) (Nasdaq:TSYS), a provider of secure mobile communication technology, and Patent Monetization Associates L.P (PMA), announced on Monday the signing of an agreement as part of TCS' Patent Monetization Programme, under which PMA has acquired certain patents from TCS' messaging patent portfolio.

Reportedly, this agreement positions TCS to receive future royalties.

According to TCS, its Patent Monetization Programme is designed to leverage its IP in the market and return value to TCS.

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Publication:Worldwide Computer Products News
Date:Mar 18, 2014
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