Re: - e.DIGITAL REPORTS FISCAL YEAR 2014 RESULTS - lightsout
posted on
Jun 20, 2014 07:56AM
L.O. So, you're saying the following...
10-K For the fiscal year ended March 31, 2014
http://www.sec.gov/Archives/edgar/data/886328/000101968714002478/edigital_10k-033114.htm
Technology Licensing and Enforcement Strategy
We are expanding our intellectual property portfolio. In fiscal 2013 we were granted six patents related to context and interpersonal awareness systems by the United States Patent and Trademark Office (USPTO). Additionally, in fiscal 2013 we filed three new U.S. patent continuation applications for technologies related to our Nunchi context and interpersonal awareness systems, and may file additional patent applications in the future related to these or other technologies. Our strategy is to select and prioritize new technologies and when deemed appropriate, to develop functional systems employing one or more technologies. Currently we have no plans to introduce new products but seek strategic partners or licensees for commercialization of products and services, based on our technologies.
We use the services of officers, employees and our legal firm, Handal & Associates, to assist us in investigating and evaluating prospective licensees and strategic partners for our intellectual property. With respect to our Flash-R patent portfolio this has included documenting possible current and past infringement. While we have identified a large number of products and companies that we believe are using our Flash-R technology, this is an ongoing process as new products and companies are identified from our research. To date we have filed patent infringement litigation and sought licenses from 91 companies and related distributors with 47 agreeing to license terms as of June 5, 2014. The Flash-R patent portfolio is protected through the years 2014-2016. We will not be able to license or bring action to enforce the Flash-R patent portfolio after.
In April, 2014 we elected to expand our relationship with our legal firm, Handal & Associates, to include monetization activities related to our Nunchi patent portfolio. We may elect or be required to enforce this portfolio of intellectual property in a similar manner to the Flash-R portfolio if we identify parties we believe are infringing on our patented technology.
We believe we are building a track record of demonstrating the strength, validity and clarity of our various patent claims and the value of our intellectual property and we believe that we can build a growing licensing business from our intellectual property portfolios. The timing of future litigation or licensing is subject to many factors, some of which are not within our control.