Network-1 Receives Two New Patents from U.S. Patent Office Expanding Its Cox and M2M/IoT Patent Portfolios

Network-1 Technologes (NYSEA:NTIP), a company engaged in the development, licensing and protection of intellectual property announced that the U.S Patent and Trademark Office issued U.S. Patent for Machine to Machine communications between modules and servers.

Further, the company said that the patents that were issued to the company were Patent No. 10,057,059 and Patent No. 10,057,408.

As quoted in the press release:

The claims in the newly issued ‘059 patent are generally directed towards methods of communication between Machine to Machine modules and servers.  The claims of the newly issued ‘408 patent are generally directed towards methods of content identification and performance of actions following therefrom.

The newly issued ‘059 patent arises from a patent application contained in the M2M/IoT patent portfolio acquired by Network-1 in December 2017 (the “M2M/IoT Patent Portfolio”). The M2M/IoT Patent Portfolio relates to, among other things, the enabling technology for authenticating and using embedded SIM cards in next generation IoT, Machine-to-Machine, and other mobile devices, including smartphones, tablets and computers as well as automobiles and drones. With this latest issuance, the M2M/IoT Patent Portfolio now includes seventeen (17) issued U.S. patents and five (5) pending U.S. patent applications, plus seven (7) additional pending non-U.S. patent applications. Network-1 anticipates further issuances of additional claims for its M2M/IoT Patent Portfolio.

The newly issued ‘408 patent arises from a patent application contained in the patent portfolio acquired by Network-1 from Professor Ingemar Cox in 2013 (the “Cox Patent Portfolio”) The Cox Patent Portfolio includes patents relating to enabling technology for identifying media content, such as music and videos, and taking further actions to be performed based on such identification including, among others, the insertion of advertisements and the facilitation of the purchase of goods and services relating to the media content.  Since December 2016, Network-1 has received twelve (12) new patents in the Cox Patent Portfolio.  Since the acquisition of the Cox Patent Portfolio, Network-1 has filed twenty-four (24) additional patent applications, eighteen (18) of which have been issued bringing the total Cox Patent Portfolio of granted patents to twenty-four (24).  Five (5) applications relating to the original specification are still pending and Network-1 anticipates further issuances of additional claims for its Cox Patent Portfolio.

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