logo
  Join        Login             Stock Quote

Telecommunication Systems (TSYS) Sells Navigation Patents To South Korea's IP Cube Partners

 December 27, 2012 07:45 AM
 


(By Balachander) TeleCommunication Systems Inc. (NASDAQ: TSYS) said it has sold two of its U.S. patents to IP Cube Partners of South Korea for a multi-seven-figure payment.

The patents involve the use of a stylus for navigating a map application on a hand-held device, such as a personal digital assistant or smartphone, the Annapolis, Maryland-based company said.

TeleCommunication said the sale of these two patents represents a next step in its program of monetizing its growing IP (intellectual property) portfolio.

"TCS' IP monetization efforts are not limited to patent sales – we are also pursuing direct licensing, represented licensing/enforcement and direct enforcement of our intellectual property as best suited to the situations," said TCS CEO Maurice Tose.

[Related -Stocks Slip Amid Hopes For 'Cliff' Deal; J.C. Penney (JCP) Retreats]

In calendar year 2012, the company said it was issued 52 U.S. patents, which brings the total number of patents issued worldwide to date to 271; TCS also filed 86 U.S. patents, with more than 380 patent applications pending worldwide.

TSYS shares closed at $2.61 on Wednesday.

Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageTackling China's Debt Problem: Can Debt-Equity Conversions Help?

China’s high and rising corporate debt problem and how best to address it has received much attention read on...

article imageWill Job Growth Kill The Bear-Market Signal For Stocks?

It’s all about jobs now. Actually, it’s always been about jobs. But the stakes are even higher—perhaps more read on...

article imageAutomating Ourselves To Unemployment

In this current era of central planning, malincentives abound. We raced to frack as fast we could for the read on...

article imageFed: Waiting For June… Or Godot?

The Federal Reserve left interest rates unchanged yesterday, as widely expected. But the possibility of a read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.