On the subject of Cyber security purchasing your patents
Me to marklkay@strikeforcetech.comSent
Good morning, I am an investor hoping to clarify how the purchase of your patents by Cyber security may affect the current lawsuits being dealt with at this moment. Do you as the company
Strike Force Technologies still retain intellectual property over your keystroke technology, or has the rights been given up to the company Cyber Security? If so, how does this affect your on
going lawsuits? Do you still own patents on the technology or not.
Thank you in advance
-
Mark L. Kay to you
We only have our Out-of-band authentication patents with lawyers where we have announced beside winning Phone Factor (bought by Microsoft) lawsuit for our published (10k) almost $10million lawsuit, now announced lawsuits with Duo, Centrify and Trustwave, with others to follow. This includes Push technology which is part of out-of-band authentication and our biometric out-of-band are also part of our patents.
Our GuardedID patents are still owned by us, but Cyber Safety or ACS, their mother company bought an option, report in last years 8k, that bought the option to pay us $9mm by Sept 30, 2020 or sooner. Until which time or sooner, we own the patents and products but we can not sue anyone or sell the products to anyone else.
During which time we sell GuardedID and MobileTrust, and any sales they complete of those products until then we receive 15 or 20% royalties. Which I can’t discuss the status of this at this time, other than there is a lot of big business going on right now. After they pay us the $9mm, we still own a perpetual right to sell the products to the retail space for full value, and we then pay them 15 or 20% royalties for sales to the enterprise space.
Hope this helps.
Thanks
Mark
If this clears things up.
