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Network-1 Technologies Shares Volatile Over Last 30 Mins Following Co. Press Release Highlighting Co. Receives New Patent from U.S. Patent Office Expanding Its M2M/IoT Patent Portfolio To Include 28 Issued Patents

Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in the development, licensing and protection of intellectual property, announced today that the U.S. Patent and Trademark Office issued U.S. Patent No.

Benzinga · 05/12/2020 16:40

Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in the development, licensing and protection of intellectual property, announced today that the U.S. Patent and Trademark Office issued U.S. Patent No. 10,652,017 (Set of Servers for "Machine-to-Machine" Communications Using Public Key Infrastructure). The claims in the newly issued patents are generally directed towards methods of communication between Machine-to-Machine modules and servers.

The newly issued patent arises from a patent application contained in the M2M/IoT patent portfolio acquired by Network-1 in December 2017 (the "M2M/IoT Patent Portfolio"). The M2M/IoT Patent Portfolio relates to, among other things, the enabling technology for authenticating and using embedded SIM cards in next generation IoT, Machine-to-Machine, and other mobile devices, including smartphones, tablets and computers as well as automobiles. With this latest issuance, the M2M/IoT Patent Portfolio now includes twenty-eight (28) issued U.S. patents and five (5) pending U.S. patent applications, plus seven (7) additional pending non-U.S. patent applications. Network-1 anticipates further issuances of additional claims for the M2M/IoT Patent Portfolio.