Marathon Patent Group Acquires Important Multi-Casting Patent From MOSAID Technologies
Bell Labs-Generated Patent Is Part of Marathon's Long-Term IP Acquisition Strategy
ALEXANDRIA, VA--(Marketwired - Apr 16, 2013) - Marathon Patent Group, Inc. (OTCBB: MARA) ("MPG"), an Intellectual Property services and monetization company, today announced that its wholly-owned subsidiary, Relay IP, Inc., has acquired US Patent 5,331,637 from MOSAID Technologies, one of the world's leading intellectual property management companies. The asset is a seminal patent cited by over 254 other patents that enables multicasting on Internet protocol networks.
IP multicast is widely deployed in enterprises, commercial stock exchanges, and multimedia content delivery networks. A common enterprise use of IP multicast is for IPTV applications such as distance learning and televised company meetings. This protocol is most widely used for Protocol Independent Multicast (PIM). The '637 patent has been cited by over 254 other patents from patent owners such as: Cisco, Google, Sun Microsystems, Enterasys, IBM, Avaya, Microsoft, Intel, Apple, British Telecom, Ericsson, Foundry, Hon Hai, Motorola, Worldcom, Yahoo, HP, Dell, Alcatel Lucent, Motorola, AT&T, Akamai, 3Com, and others.
MOSAID Technologies Incorporated is a privately-held IP licensing company that owns over 5,000 patents focused on semiconductor and communications technologies. Bell Labs is widely recognized as one of the world's most prestigious research and development organizations, and its researchers have been awarded a total of seven Nobel Prizes. IPNav played a significant role in identifying the asset and facilitating its acquisition.
"The acquisition of the '637 patent underscores Marathon's growth and development strategy," stated Doug Croxall, Marathon Patent Group's Chief Executive Officer. "Securing selective patents and families to establish a diversified base of assets is among MPG's primary goals. Building multiple channels for sourcing transactions will be a key to realizing it. Our close working relationship with IP Navigation Group played a major role in facilitating the acquisition. Marathon is focused on developing a portfolio of highly monetizable patents with the help of sourcing partners with demonstrated ability to identify value."
