Acacia Research Announces Licensing Agreement for Wi-Fi 6 Patents
11 November 2021 - 01:20AM
Business Wire
Acacia Research Corporation (Nasdaq: ACTG) today announced that
its subsidiary, Atlas Global Technologies LLC, has granted a
license to Samsung Electronics Co., Ltd., related to Atlas Global’s
Wi-Fi 6 standard essential patents and resolved patent litigation
between the two parties.
Acacia’s Chief Intellectual Property Officer, Marc Booth,
commented, “The rapid completion of the first Atlas Global license
is a testament to the strength of its portfolio of Wi-Fi 6 standard
essential patents.”
Financial terms are confidential and will not be disclosed.
About Acacia Research Corporation
Acacia Research (NASDAQ: ACTG) seeks to acquire undervalued
businesses and pursues opportunities for value creation. We
leverage our (i) access to flexible capital that can be deployed
unconditionally, (ii) expertise in corporate governance and
operational restructuring, (iii) willingness to invest in out of
favor industries and businesses that suffer from a complexity
discount and untangle complex, multi-factor situations, and (iv)
expertise and relationships in certain sectors, to complete
strategic acquisitions of businesses, divisions, and/or assets with
a focus on mature technology, healthcare, industrial and certain
financial segments. We seek to identify opportunities where we
believe we are advantaged buyers, where we can avoid structured
sale processes and create the opportunity to purchase businesses,
divisions and/or assets of companies at an attractive price due to
our unique capabilities, relationships, or expertise, or where we
believe the target would be worth more to us than to other buyers.
Information about Acacia Research Corporation and its subsidiaries
is available at www.acaciaresearch.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This news release contains forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. These statements are based upon our
current expectations and speak only as of the date hereof. Our
actual results may differ materially and adversely from those
expressed in any forward-looking statements as a result of various
factors and uncertainties, including the ability to successfully
implement our strategic plan, the ability to successfully identify
and complete strategic acquisitions of businesses, divisions,
and/or assets, the ability to successfully develop licensing
programs and attract new business, changes in demand for current
and future intellectual property rights, legislative, regulatory
and competitive developments addressing licensing and enforcement
of patents and/or intellectual property in general, general
economic conditions, including the impact of the COVID-19 pandemic
and the success of our investments. Our Annual Report on Form 10-K,
recent and forthcoming Quarterly Reports on Form 10-Q, recent
Current Reports on Form 8-K, and any amendments to the foregoing,
and other SEC filings discuss some of the important risk factors
that may affect our business, results of operations and financial
condition. We undertake no obligation to revise or update publicly
any forward-looking statements for any reason.
The results achieved in the most recent quarter are not
necessarily indicative of the results to be achieved by us in any
subsequent quarters, as it is currently anticipated that Acacia
Research Corporation’s financial results will vary, and may vary
significantly, from quarter to quarter. This variance is expected
to result from a number of factors, including risk factors
affecting our results of operations and financial condition
referenced above, and the particular structure of our licensing
transactions, which may impact the amount of inventor royalties and
contingent legal fees expenses we incur from period to period.
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version on businesswire.com: https://www.businesswire.com/news/home/20211110005881/en/
Investor Contact: Rob Fink FNK IR 646-809-4048
rob@fnkir.com
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