TeleCommunication Systems Announces Patent Licensing Alliance with Acacia Subsidiary
December 26, 2012
By Carolyn J Dawson
, TMCnet Contributor
TeleCommunication Systems (News - Alert), Inc., (TCS) has entered into a patent licensing alliance with a subsidiary of Acacia. Under the terms of the patent licensing, the Acacia subsidiary will acquire a portion of the wireless data synchronization & data transfer patent portfolio of TCS. TCS is a provider of reliable and secure mobile communication technology solutions and Acacia Research Corporation (News - Alert) (ACTG) is a specialist in patent licensing.
In a statement, Maurice B. Tosé, TCS chairman, CEO and president, said, “Yet another important step in our patent licensing initiatives has been taken today. We look forward to maximizing the potential return on the Aether patent portfolio, and we will continue to seek out similar opportunities.”
The wireless technology solutions portfolio of TCS has been designed to support easy synchronization of data between handheld devices, tablets, e-readers and servers. In 1990, Aether System did some foundation work on enabling secure and accurate data synchronization to handheld devices that are used by business and financial traders - the patents are part of this foundational work. In 2004, TCS acquired Aether’s Enterprise Mobility Solutions division.
Paul Ryan, CEO of Acacia said, "We are pleased to once again be selected to help TCS realize fair value from their research and development investment.”
TCS’ intellectual property portfolio includes technology solutions are used actively in public safety, mobile location, messaging, and the wireless communication sectors. Robust and strategic partnerships with industry-leading companies can be forged and consolidated via direct licensing, cross licensing and joint venture agreements. Till date TCS has been issued a total of 271 patents worldwide. The number of pending patent applications of TCS is a little more than 380 across the globe. The company was issued 52 U.S. patents in 2012 alone and till date has filed for 86 U.S. patents.
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Edited by Rachel Ramsey