Monday, September 26, 2016 5:27:10 PM
Marathon sees enforcement opportunities in Asia, Europe and U.S. from acquisition of CPT IP energy storage patents
Marathon Patent Group Inc. (MARA), the patent licensing company that hired IP Navigation Group owner and founder Erich Spangenberg to head its enforcement efforts in Asia and Europe, said its wholly owned subsidiary Traverse Technologies has acquired a portfolio of approximately 40 worldwide patents from privately held CPT IP Holdings LLC.
Los Angeles-based Marathon didn’t disclose the terms of the transaction. Officials from Marathon couldn’t be reached immediately for comment. Spangenberg is Marathon's largest shareholder with about a 16.3% stake in the company.
Marathon’s Traverse Technologies portfolio relates to battery anodes and cathodes that utilize bulk, thin film, and nanostructure fabrication techniques. It enables exceptional battery performance for large-scale applications such as electric vehicles and consumer electronics, and also allows for integration into microsystems to enhance overall functionality. The technology utilizes both nano-materials and nano-structures to significantly improve battery performance, and covers all the major global economies including China, Germany, Japan, Korea, the United Kingdom and the United States.
“Our portfolio of assets and opportunities continues to expand at a pace never previously seen in our corporate history,” CEO Doug Croxall said in a statement. “This portfolio will further expand Marathon's patent licensing activity into Asia, while remaining active in both the United States as well as countries in Europe."
Marathon said its IP advisory unit Marathon Advisors S.a.r.l. will be leading the licensing and strategic transaction negotiations related to the acquired technology.
Marathon Advisors said in the statement that energy storage will be a key technology focus for Marathon going forward. The firm said it is working with some of the leading experts in the world and is seeking to find creative ways through pooling and other structures to partner with other leaders in the energy storage space.
In addition, the firm said it has already had a number of early conversations with potential licensing and strategic partners and hopes to expand the universe of companies and experts it is already working with.
CPT IP Holdings appears to be related to Catalyst Power Technologies, which is the applicant on a number of battery power storage patents invented by Ronald A. Rojeski who Marathon says is CEO of CPT IP Holdings.
Marathon said Rojeski is the lead inventor on the patents being acquired, and is a recognized thought leader in finding ways to incorporate high energy density materials, such as silicon, into energy storage devices. The results of this effort are batteries with enhanced power performance, improved safety, and reduced charging times.
"We invested heavily in the R&D that underlies these patents and solved a significant problem that enhances battery performance. I look forward to working with Marathon Advisors to encourage adoption of this technology and to work with other innovators to expand the Traverse technology offering," Rojeski said in a statement.
According to his profile on the LinkedIn professional networking site, Rojeski is based in the San Francisco Bay area. He lists his current experience as senior systems engineer for Nanonmetrics from May 2010 to present. He previously had been a senior systems engineer at Cymer, an ASML Company from July 2008 to April 2010, a consultant at Triple Ring Technologies from November 2007 to June 2008. He also previously worked as a senior systems engineer at Nanoconduction and KLA-Tencor.
He has a BSE in electrical engineering and an MSE in nuclear engineering from the University of Michigan.
—To reach the reporter responsible for this story, please contact Dan Lonkevich at 707 318-7899 or at dan@thepatentinvestor.com
Recent MARA News
- Crypto: AI Token Merger, Hashdex ‘DEFI’ ETF Launch, and Latest News • IH Market News • 03/27/2024 08:06:59 PM
- Marathon Digital Holdings Unveils Two-Phase Immersion Cooling System To Optimize Data Center Operations • GlobeNewswire Inc. • 03/26/2024 12:30:00 PM
- Marathon Digital Holdings Releases Industry-Leading Bitcoin Mining Firmware and Control Board • GlobeNewswire Inc. • 03/25/2024 12:30:00 PM
- Crypto: Bitcoin ETFs Experience 3 Consecutive Days of Outflows, CryptoPunk Fetches $16.42M in Sale, and More • IH Market News • 03/21/2024 07:17:25 PM
- Marathon Digital Holdings Enters Definitive Agreement To Acquire 200-Megawatt Bitcoin Mining Data Center Adjacent to a Wind Farm • GlobeNewswire Inc. • 03/15/2024 12:30:00 PM
- Applied Digital Announces Agreement to Sell Garden City Campus to Marathon Digital Holdings • GlobeNewswire Inc. • 03/15/2024 12:00:00 PM
- Sam Altman Rejoins OpenAI Board; Coinbase, MicroStrategy Surge Pre-Market Amidst Bitcoin’s Latest Milestone • IH Market News • 03/11/2024 10:39:03 AM
- Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for February 2024 • GlobeNewswire Inc. • 03/05/2024 10:23:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 03/04/2024 10:29:48 PM
- Crypto: Bitcoin and Ether Skyrocket in February, Gemini Earn Refunds $1.1 Billion to Clients, and More • IH Market News • 02/29/2024 07:01:10 PM
- Snowflake Stock Plummets 20.3% After CEO Transition; C3.ai, Okta, and Duolingo Surge Post-Strong Quarterly Reports, and More • IH Market News • 02/29/2024 11:09:45 AM
- Marathon Digital Holdings Reports Fourth Quarter and Fiscal Year 2023 Results • GlobeNewswire Inc. • 02/28/2024 09:30:00 PM
- Marathon Digital Holdings Introduces Anduro, a New Multi-Chain Bitcoin Layer-Two Network • GlobeNewswire Inc. • 02/28/2024 09:05:00 PM
- Expedia Announces 1,500 Job Cuts; Hims & Hers Surges 19.8% Post Financial Results, and More News • IH Market News • 02/27/2024 11:15:07 AM
- OrdinalsBot Mints Full BRC-20 Token Supply in a Single Bitcoin Transaction with Marathon Digital Holdings • Business Wire • 02/24/2024 06:48:00 PM
- Marathon Digital Holdings Launches Slipstream • GlobeNewswire Inc. • 02/22/2024 08:12:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 12:55:52 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 12:55:47 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 12:55:42 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 12:55:37 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 12:55:30 AM
- Marathon Digital Holdings Schedules Conference Call for Fourth Quarter and Fiscal Year 2023 Financial Results • GlobeNewswire Inc. • 02/14/2024 09:23:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/09/2024 09:41:06 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 02/07/2024 02:59:10 AM
- Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for January 2024 • GlobeNewswire Inc. • 02/05/2024 12:00:00 PM
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • POET • Mar 27, 2024 10:52 AM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM