(Source: Business Wire)
Acacia Research Corporation (Nasdaq:ACTG) announced today that its
subsidiary, Acacia Patent Acquisition LLC, has acquired rights toa
patent portfolio comprising 31USpatentsand associated US patent
applications andforeign counterparts. The majority of the patents in
the portfolio were issued to a major electronics company.
"Five of Acacia's last nine portfolio acquisitions primarily consist of
patents issued to major technology companies," commented Paul Ryan,
Acacia Chairman and CEO. "Acacia's success as a leader in patent
licensing is increasing our opportunities to partner with large
companies,"concluded Mr. Ryan.
The patent portfolio includes patents relating to the synchronization of
data between mobile and fixed computer systems. This technologymay
beused to keep email, contacts, calendar information and other data
synchronized between mobile devices (such as PDA's and smart phones) and
servers or desktop computers.
ABOUT ACACIA RESEARCH CORPORATION
Acacia Research's subsidiaries develop, acquire, and license patented
technologies. Acacia Research's subsidiaries control over 125 patent
portfolios, covering technologies used in a wide variety of industries.
Information about Acacia Research is available at www.acaciatechnologies.com
and www.acaciaresearch.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This news release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These statements are based upon
our current expectations and speak only as of the date hereof. Our
actual results may differ materially and adversely from those expressed
in any forward-looking statements as a result of various factors and
uncertainties, including the recent economic slowdown affecting
technology companies, the ability to successfully develop
licensing programs and attract new business, rapid technological change
in relevant markets, changes in demand for current and future
intellectual property rights, legislative, regulatory and competitive
developments addressing licensing and enforcement of patents and/or
intellectual property in general, and general economic conditions. Our
Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on
Form 10-Q, recent Current Reports on Forms 8-K and 8-K/A, and other SEC
filings discuss some of the important risk factors that may affect our
business, results of operations and financial condition. We
undertake no obligation to revise or update publicly any forward-looking
statements for any reason.
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