I've been trying to decide if this patent is worth something or nothing. I purchased a small position on the basis that Thinkfire has taken it to market exclusively and that it passed Thinkfire's own DD. PowerDsine(PDSN) initiated a lawsuit to protect themselves last year, after NSSI had contacted them about the PoE patent.
The company(NSSI) was delisted and gone then was relisted and refinanced for its patent portfolio alone. My simple understanding of the patent is that covers discovery/delivery of power-over-ethernet which 'seems' it could be huge. I don't know whether to buy more or dump it(like most OTCBB's)
Entry Material Agreement, Financial Statements and Exhibits
Item 1.01 Entry into a Material Definitive Agreement
On December 2, 2004, Network-1 Security Solutions, Inc. ("Network-1") issued a press release announcing that it has entered into a strategic agreement with ThinkFire Services USA, Ltd. ("ThinkFire") pursuant to which ThinkFire will act as worldwide licensing partner for Network-1's remote power patent (U.S. Patent No. 6,218,930) owned by Network-1. A copy of the press release is attached to this Report as Exhibit 99.1 and it is incorporated herein by reference.
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