Network-1 Announces Acquisition of Patent Portfolio
Rhea-AI Summary
Network-1 Technologies (NYSE American:NTIP) has announced the acquisition of a significant patent portfolio focused on advanced security technologies. The portfolio comprises 8 U.S. patents and 1 international patent related to smart home IoT device interoperability, quantum computer security, and Internet transport layer security improvements.
The acquisition includes 11 pending U.S. patent applications and 5 pending international applications, with patent terms extending into 2038. The portfolio was acquired from IoT Technologies and M2M Technologies, , with patents based on applications filed since 2018. Network-1 plans to continue prosecuting pending applications and file new ones.
Network-1 currently owns 114 U.S. patents and 17 international patents covering telecommunications and data networking technologies. The company's Remote Power Patent has generated over $188 million in licensing revenue from May 2007 through December 2024, while its Mirror Worlds Patent Portfolio has achieved $47.15 million in licensing revenue through December 2024.
Positive
- Acquisition expands patent portfolio in emerging technologies (IoT, quantum security)
- Long patent terms extending to 2038 ensure long-term monetization potential
- Strong track record of patent monetization with $188M from Remote Power Patent
- Additional revenue stream of $47.15M from Mirror Worlds Patent Portfolio
- Multiple pending patent applications provide growth opportunities
Negative
- Success of new patent monetization remains uncertain
- Dependency on patent licensing for revenue generation
- Potential legal costs for patent prosecution and enforcement
News Market Reaction – NTIP
On the day this news was published, NTIP declined 0.91%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEW YORK, NY / ACCESS Newswire / April 2, 2025 / Network-1 Technologies, Inc. (NYSE American:NTIP), a company engaged in the acquisition, development, licensing and monetization of intellectual property, today announced the acquisition of a patent portfolio relating to several key advanced security technologies.
The acquired portfolio includes eight (8) issued United States patents and one (1) international patent relating to, among other things, the enabling technology to support the interoperability of smart home IoT devices, advanced security against quantum computers and improvements in Internet transport layer security.
In addition to the granted United States patents, the portfolio also includes eleven (11) pending United States patent applications and five (5) pending international patent applications. The patents are based on a series of patent applications filed as early as 2018 and have patent terms extending into 2038. Network-1 anticipates continuing to prosecute the pending patent applications and plans on filing several new patent applications with the United States Patent and Trademark Office based on the inventions contemplated by the original patent filings.
The newly acquired patent portfolio was acquired from IoT Technologies and M2M Technologies, LLC, an intellectual property development company in Evanston, Illinois ("IOT"). The Managing Member of IOT is John Nix, an entrepreneur and established inventor, and CEO of Vobal Technologies, LLC. In 2016, Mr. Nix was recognized as "Creator of the Year" by the Intellectual Property Law Association of Chicago for his intellectual property related to embedded SIM technology. Mr. Nix earned B.S. in Physics from Davidson College, an MBA from Kellogg School of Management and a Masters in Engineering Management from Northwestern University.
ABOUT NETWORK-1 TECHNOLOGIES, INC.
Network-1 Technologies, Inc. is engaged in the acquisition, development, licensing and protection of its intellectual property and proprietary technologies. Network-1 works with inventors and patent owners to assist in the development and monetization of their patented technologies. Network-1 currently owns one hundred and fourteen (114) U.S. patents and seventeen (17) international patents covering various telecommunications and data networking technologies as well as technologies relating to document stream operating systems and the identification of media content. Network-1's current strategy includes efforts to monetize three patent portfolios (the Cox, M2M/IoT and HFT portfolios). Network-1's strategy is to focus on acquiring and investing in high quality patents which management believes have the potential to generate significant licensing opportunities as Network-1 has achieved with respect to its Remote Power Patent and Mirror Worlds Patent Portfolio. Network-1's Remote Power Patent has generated licensing revenue in excess of
Contacts: Network-1 Technologies, Inc. Corey M. Horowitz, 212-829-5770
SOURCE: Network-1 Technologies, Inc.
View the original press release on ACCESS Newswire
FAQ
What patents did Network-1 (NTIP) acquire in the April 2025 acquisition?
How long do the newly acquired NTIP patent terms extend?
What is Network-1's (NTIP) total patent portfolio size after the acquisition?
How much revenue has Network-1's Remote Power Patent generated?
What is the licensing revenue from NTIP's Mirror Worlds Patent Portfolio?
