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Monday, October 8, 2012

NTP announces patent settlements with 13 tech firms

NTP announces patent settlements with 13 tech firms

Shorts happen to forget Stout has negotiated with the following before:

Patent holding firm NTP, which won a US$612.5 million patent settlement from Research In Motion in 2006, has reached a possibly unprecedented agreement with 13 other technology vendors, including Apple, Google, Microsoft and AT&T, the company announced Monday.
NTP didn't disclose the terms of the patent settlements. The agreements allow the tech firms to use NTP's patented technology, including eight U.S. patents related to the delivery of email over wireless systems, NTP said in a press release. NTP will get licensing fees from the tech firms, added Ron Epstein, founder of Epicenter Law and settlement counsel for NTP.
Companies reaching settlements with NTP also included Verizon Wireless, Sprint Nextel, T-Mobile, HTC, Motorola Mobility, Palm, LG Electronics, Samsung and Yahoo. All the pending patent-infringement litigation between NTP and these companies will be dismissed, NTP said.
The settlements announced Monday may represent the first time a patent holder has made its patents available in a one-time settlement deal with the large part of a single industry, Epstein said.
"Here, you've got the entire cellphone industry, other than RIM, inking a deal at one time," he said. "Traditionally, these things are done one at a time, often involving high transaction costs, otherwise known as court action."

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