(By Balaseshan) Aware Inc. (NASDAQ:AWRE), a supplier of signal processing and digital communications technology, said it has completed the sale of selected patents and patent applications to TQ Delta LLC for $16 million in cash.
The patents and patent applications relate to DSL technology. The sale is part of Aware's patent management operation's efforts to sell and/or license portions of its patent portfolio. Global IP Law Group LLC represented Aware in this transaction.
The company's business operation focuses on three product lines: biometrics and imaging, digital subscriber line (DSL) service assurance and patent management. It operates in two segments: Biometrics & Imaging and DSL Service assurance.
Aware's biometrics software products and services are provided to solution vendors and system integrators for use by government agencies towards applications including border management, secure credentials, law enforcement, and national defense.
Aware's DSL Service Assurance Group offers test and diagnostics software products that enable broadband service providers to manage their DSL networks.
AWRE closed Friday's regular session up 0.32% at $6.27. The stock has been trading between $2.30 and $7.50 for the past 52 weeks.