SAN FRANCISCO, Oct. 18, 2017 /PRNewswire/ --RPX Corporation
(NASDAQ: RPXC), the leading provider of patent risk and discovery
management solutions, today announced that it has completed a
patent rights agreement with the University of
Tennessee Research Foundation (UTRF), a non-profit
organization promoting the commercialization of University of Tennessee's intellectual property.
UTRF, in coordination with Saint Matthew Research, LLC, initiated a
patent litigation campaign earlier this year asserting five patents
developed by professors and graduate students at The University of Tennessee. The technology relates to
database storage and parallel processing techniques.
"It is UTRF's privilege to support the groundbreaking work of
faculty, staff, and students throughout the University of Tennessee system by dedicating
resources to the commercialization of their important research,"
said Stacey Patterson, President of
UTRF. "Working with RPX helped UTRF with these efforts."
Under the terms of the agreement, UTRF and Saint Matthew
Research received a payment from RPX and granted to RPX certain
rights in a subset of UTRF's patent portfolio. Additional terms
were not disclosed.
"We continue to see that patent licensing negotiations are more
efficient and reasonable when moved out of the courtroom," said
Marty Roberts, Chief Executive
Officer and President of RPX. "For nearly 10 years, parties in
licensing disputes have turned to RPX to help them find equitable
and speedy resolutions."
ABOUT RPX
RPX Corporation (NASDAQ: RPXC) is the
leading provider of patent risk and discovery management solutions.
Since its founding in 2008, RPX has introduced efficiency to the
patent market by providing a rational alternative to
litigation. The San Francisco-based company's pioneering
approach combines principal capital, deep patent expertise, and
client contributions to generate enhanced patent buying power. By
acquiring patents and patent rights, RPX helps to mitigate and
manage patent risk for its growing client network.
As of June 30, 2017, RPX had invested over $2
billion to acquire more than 18,000 US and international
patent assets and rights on behalf of over 320 clients in eight key
sectors: automotive, consumer electronics and PCs, E-commerce and
software, financial services, media content and distribution,
mobile communications and devices, networking, and
semiconductors.
RPX subsidiary Inventus is a leading international
discovery management provider focused on reducing the costs and
risks associated with the discovery process through the effective
use of technology solutions. Inventus has been providing
litigation support services to corporate legal departments, law
firms and government agencies since 1991.
ABOUT THE UNIVERSITY OF TENNESSEE RESEARCH FOUNDATION
The
University of Tennessee Research
Foundation (UTRF) is a Tennessee
non-profit corporation that is responsible for commercializing
University of Tennessee technologies
and for supporting University research.
Media Contact:
Jen
Costa
RPX Corporation
+1.415.852.3180
media@rpxcorp.com
Investor Relations Contact:
JoAnn Horne
Market Street Partners
+1.415.445.3233
ir@rpxcorp.com
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SOURCE RPX Corporation