TeleCommunication Systems and IPNav Client Marathon Patent Group Enter into Patent Alliance |
Agreement Transfers Ownership of a Portion of TCS’ Wireless Data Patents to Marathon ANNAPOLIS, Md. and DALLAS, Sept. 30, 2013 – TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, and a subsidiary of Marathon Patent Group (MARA), a client of IPNav, the world’s leading full-service patent monetization firm, today announced that TCS and Marathon have entered into a patent alliance, whereby Marathon has acquired certain patents from TCS’ wireless data patent portfolio. News Facts:
TCS holds a substantial intellectual property portfolio resulting from more than 15 years of investing in mobile location, messaging, public safety and related wireless communication innovations. Supporting Quotes: TCS Chairman and CEO Maurice B. Tose said: “IPNav is one of the leading intellectual property companies in the world and has some of the most perceptive talent in their industry. Our program of working with experienced intellectual property companies like IPNav is meeting with success, as exemplified by this alliance. We will continue our efforts to maximize the potential return not just on our Aether portfolio, but on all of our patents.” IPNav CEO Erich Spangenberg said: “TCS’ communication technology patents and related intellectual property offer many different opportunities for our clients. This alliance is helping TCS in its ongoing efforts to achieve fair value for its significant efforts and investments in research and development. About TeleCommunication Systems, Inc. About IPNav About Marathon Patent Group:
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