Speedus to Review Strategic Alternatives for Wireless Patents Portfolio
24 March 2005 - 12:01AM
PR Newswire (US)
Speedus to Review Strategic Alternatives for Wireless Patents
Portfolio NEW YORK, March 23 /PRNewswire-FirstCall/ -- Speedus
Corp. (NASDAQ:SPDE) announced today that it is actively soliciting
proposals related to its portfolio of 43 domestic and international
wireless broadband patents. Speedus is exploring options that will
allow it to leverage these assets, including joint venture
opportunities and licensing arrangements. Communication companies
have recently demonstrated a heightened interest in broadband
wireless, including the deployment of networks using fixed Wi-Fi
and WiMax standards. As a result, Speedus believes this is an
opportune time to maximize the value of its wireless patents by
identifying companies that are likely to have an interest in the
portfolio to support and protect their own wireless broadband
strategies. Speedus owns a total of 43 patents in 22 countries. The
Company also has 21 patents pending, which will extend the reach of
the portfolio into an additional six nations. The patents
comprising the portfolio can be used in a combination of ways to
enhance and enable the operation of wireless systems. The patents
may be of value to manufacturers and operators of certain types of
wireless systems. The Speedus patent portfolio includes: -- U.S.
Patent 4,747,160 relating to a broadband multi-function cellular
data and video system -- U.S. Patent 5,594,937 relating to
transmission and reception of directional radio signals utilizing
gigahertz implosion concepts -- U.S. Patent 5,668,610 relating to a
broadband multi-function cellular data and video system utilizing
transmitter configuration with polarization-diversity which allows
frequency re-use -- U.S. Patent 5,949,793 relating to simultaneous
transmission of digital and analog signals in the same band -- U.S.
Patent 5,983,078 relating to radio signal distortion reduction --
U.S. Patent 6,438,359 relating to a redundant transmitter arranged
with backup switching -- 37 foreign counterparts for the above
patents in 22 countries, including China, Japan, Russia, France and
Israel. Speedus has established a Web site at
http://www.speedus.com/patents that contains information on the
Company's patent portfolio. Interested parties may also contact
Peter Hodge at 888-773-3669 (ext. 23) or for additional
information. About Speedus Corp. Speedus Corp. is a holding company
with controlling interests in Zargis Medical Corp. and F&B
Gudtfood Holdings, Inc. Speedus Corp. also owns broadband
intellectual property and controls licensed wireless frequencies.
Additional information on Speedus Corp. and its services may be
obtained at http://www.speedus.com/ or by contacting Peter Hodge at
888-773-3669 (ext. 23) or . Statements contained herein that are
not historical facts, including but not limited to statements about
the Company's product, corporate identity and focus, may be
forward-looking statements that are subject to a variety of risks
and uncertainties. There are a number of important factors that
could cause actual results to differ materially from those
expressed in any forward- looking statements made by the Company,
including, but not limited to, the continuing development of the
Company's sales, marketing and support efforts. DATASOURCE: Speedus
Corp. CONTACT: Peter Hodge of Speedus Corp., +1-888-773-3669, ext.
23, or Web site: http://www.speedus.com/
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