WirelessDevNet.com Press Release
TeleCommunication Systems and IPNav Client Marathon Patent Group Enter into Patent Alliance
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, and a subsidiary of Marathon Patent Group (MARA), a client of IPNav, the world's leading full-service patent monetization firm, today announced that TCS and Marathon have entered into a patent alliance, whereby Marathon has acquired certain patents from TCS' wireless data patent portfolio.
- TCS' wireless technology enables the seamless synchronization of data between handheld devices, tablets, e-readers and servers.
- These patents resulted from some of the foundational wireless data development work by Aether Systems in the 1990s for secure and accurate synchronization of data between networks and handheld devices. TCS acquired the Enterprise Mobility Solutions division of Aether Systems in 2004.
- TCS also reported that it has sold three U.S. patents from its "System For An Open Architecture Development Platform With Centralized Synchronization" patent family (Patent Nos. 7,353,289; 8,127,025 and 8,224,886) to an undisclosed buyer.
TCS holds a substantial intellectual property portfolio resulting from more than 15 years of investing in mobile location, messaging, public safety and related wireless communication innovations.
TCS Chairman and CEO Maurice B. Tose said: "IPNav is one of the leading intellectual property companies in the world and has some of the most perceptive talent in their industry. Our program of working with experienced intellectual property companies like IPNav is meeting with success, as exemplified by this alliance. We will continue our efforts to maximize the potential return not just on our Aether portfolio, but on all of our patents."
IPNav CEO Erich Spangenberg said: "TCS' communication technology patents and related intellectual property offer many different opportunities for our clients. This alliance is helping TCS in its ongoing efforts to achieve fair value for its significant efforts and investments in research and development.
About TeleCommunication Systems, Inc.
TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS) is a world leader in highly reliable and secure mobile communication technology. TCS infrastructure forms the foundation for market leading solutions in E9-1-1, text messaging, commercial location and deployable wireless communications. TCS is at the forefront of new mobile cloud computing services providing wireless applications for navigation, hyper-local search, asset tracking, social applications and telematics. Millions of consumers around the world use TCS wireless apps as a fundamental part of their daily lives. Government agencies utilize TCS' cyber security expertise, professional services, and highly secure deployable satellite solutions for mission-critical communications. Headquartered in Annapolis, MD, TCS maintains technical, service and sales offices around the world. To learn more about emerging and innovative wireless technologies, visit www.telecomsys.com.
Established in 2003, IPNav is the world's leading full-service patent monetization firm, helping forward-thinking corporations, universities, organizations and individuals profit from innovation. IPNav's integrated, end-to-end solution turns idle IP assets into revenue streams. Using its proprietary Patent Monetization Platform, IPNav unlocks the value trapped in our clients' IP portfolios – with timetables and objectives set by the client.
About Marathon Patent Group
Based in Alexandria, VA, Marathon Patent Group is a patent licensing company serving a wide range of patent owners from Fortune 500 companies to independent inventors. Marathon provides its clients advice and services that enable them to realize financial and strategic returns on their intellectual property rights. Marathon's operating subsidiaries acquire patent assets, partner with patent holders, and monetize patent portfolios through actively managed patent licensing campaigns. To learn more about Marathon Patent Group, visit http://www.marathonpg.com/.