Grants five-year term license to a US-based provider of IP-PBXs, VoIP telephones and related services
Canadian intellectual property firm Mosaid Technologies has granted the first license to its new portfolio of 300 communications patents, which it purchased in February 2009. The five-year term license was granted to a US-based provider of IP-PBXs, VoIP telephones and related services. Financial details of the agreement are confidential.
Under the terms of the agreement, the unnamed US company is licensed to certain of Mosaid’s 300 communications patents. The new portfolio relates to wired and wireless communications products and systems, including power over ethernet, VoIP, IP-PBXs, IP Digital Subscriber Line Access Multiplexers (IP-DSLAMs), cable modems, and Asynchronous DSL (ADSL) modems.
John Lindgren, president and CEO of Mosaid, said: Monetizing a new patent portfolio within 10 weeks of acquisition is a record for our Company. We are now generating licensing revenues from four distinct portfolios – memory, wireless, microcomponents and as of today, communications patents. This new deal is further evidence that Mosaid’s licensing diversification strategy is gaining momentum.
These proven, tested patents are ready to be licensed into a wide range of large and growing markets, from PoE data switches and IP telephony equipment to home networking products.