Monday, September 19, 2016 8:16:08 AM
LOS ANGELES, CA--(Marketwired - Sep 19, 2016) - Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon" or "Company"), an IP licensing and commercialization company, announced today that its wholly owned subsidiary Traverse Technologies has acquired a portfolio of approximately 40 worldwide patents from CPT IP Holdings, LLC.
The 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.
Doug Croxall, Marathon's Chief Executive Officer, stated, "We're pleased to have secured this portfolio, especially on the heels of our other recent acquisitions. Our portfolio of assets and opportunities continues to expand at a pace never previously seen in our corporate history. Importantly, 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."
Ronald A. Rojeski, the lead inventor on these patents and the CEO of CPT, 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 was quoted as stating.
Marathon Advisors S.a.r.l., a wholly owned affiliate of Marathon, will be leading the licensing and strategic transaction negotiations related to this technology. A representative of Marathon Advisors stated, "Energy storage will be a key technology focus for us going forward. We are working with some of the leading experts in the world and are seeking to find creative ways through pooling and other structures to partner with other leaders in the energy storage space. We have already had a number of early conversations with potential licensing and strategic partners and hope to expand the universe of companies and experts we are already working with."
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20160919:nMKWBkgxSa
Recent MARA News
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 05/24/2024 08:57:52 PM
- Marathon Digital Holdings Enters into Agreement with the Ministry of Energy and Petroleum of the Republic of Kenya To Enhance Kenya’s Energy Sector • GlobeNewswire Inc. • 05/24/2024 03:23:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/15/2024 07:50:51 PM
- Inactive BTC Wallets Transact $62.8 Million, Degen Chain Faces Shutdown, and More Crypto News • IH Market News • 05/13/2024 05:04:14 PM
- Weekly Surge for Render and Toncoin, US Bancorp Expands Bitcoin ETF Investments, and More in Crypto • IH Market News • 05/10/2024 07:32:06 PM
- JFrog and Akamai Drop Over 10% Despite Strong Profits; Sweetgreen, Array, SoundHound Surge, and More in Earnings • IH Market News • 05/10/2024 11:58:39 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 09:00:09 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 08:17:02 PM
- Marathon Digital Holdings Reports First Quarter 2024 Results • GlobeNewswire Inc. • 05/09/2024 08:05:00 PM
- U.S. Index Futures Dip, Bank of England Holds Interest Rates at 5.25% • IH Market News • 05/09/2024 11:47:20 AM
- Tellor Tributes Skyrocket 104% in May, Marathon Digital Set to Enter S&P SmallCap 600, and More Crypto News • IH Market News • 05/07/2024 06:48:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 01:05:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 01:05:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 01:05:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 01:05:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 01:05:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 01:05:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 01:05:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 01:00:21 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 01:00:16 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/06/2024 01:00:15 PM
- Perficient Stock Soars 52.9% Post-Acquisition; Luminar Declines 10% Amid Workforce Cutbacks, and Other News • IH Market News • 05/06/2024 12:09:00 PM
- Vistra Set to Join S&P 500; Aaon to Join S&P MidCap 400; Marathon Digital Holdings to Join S&P SmallCap 600 • PR Newswire (US) • 05/03/2024 11:05:00 PM
- Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for April 2024 • GlobeNewswire Inc. • 05/03/2024 12:30:00 PM
- ARK Invest Exits BITO ETF Position, Runes Generates $135 Million in 7-Day Fees, and More Crypto News • IH Market News • 04/26/2024 06:59:18 PM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM