Network-1 Technologies Inc. (NTIP)

[Gregory_]

Old news by now:
http://www.stocknewswires.com/2015/07/ntip-smlr-ffwm-pre-market-news-alert-on-network-1-technologies-nysemkt.html

On Tuesday, Network-1 Technologies Inc (NYSEMKT:NTIP)’s shares inclined 3.89% to $1.87.

Network-1 Technologies, Inc. (NTIP) declared that the Patent Trial and Appeal Board (“PTAB”) of the United States Patent and Trademark Office (“USPTO”) issued a decision in favor of Network-1 denying institution of a Covered Business Review (“CBM”) from a petition filed by Sony Corporation of America (“Sony”) rejecting yet another challenge to the patentability of Network-1’s Remote Power Patent (U.S. Patent No. 6,218,930).

In the CBM Petition, Sony Corporation of America, petitioned to cancel as unpatentable certain claims of the Remote Power Patent. In its decision denying institution of the Petition, the PTAB ruled that the Petitioner failed to show that Remote Power Patent is a “covered business patent” as defined by Congress in the America Invents Act. The CBM Petition was the fourth attempt by Sony to have the claims of the Remote Power Patent invalidated at the PTAB.