“In many ways, leading Lexington is a perfect opportunity to leverage the two phases of my career: leading technology startups and monetizing IP,” Ronaldi says. “One of the things that attracted me to Lexington is the quality of the portfolio. I’ve been monetizing patents for more than 10 years and I’ve had a lot of success. I expect this portfolio to be every bit as successful as any of the others I’ve managed.”
Lexington’s current CEO, Will Rosellini will remain as an advisor to Lexington’s Bascom Research subsidiary and will continue to support ongoing R&D for Bascom Research’s development of electronic medical records in collaboration with MedNest.
“I believe the Lexington model offers an incredible opportunity to catalyze technology development through the use of patent monetization,” Rosellini says. “As a technologist first and foremost, I look forward to working with the team on development opportunities including the great work we are doing with Bascom Research.”
With Ronaldi’s appointment, Lexington will be headquartered in McLean, Virginia, where Lexington’s subsidiary Bascom Research is already based. After completion of the DSS merger, Lexington Technology Group will become that company’s intellectual property division.Ronaldi’s appointment as CEO will be discussed during DSS’s earnings call on Tuesday November 20. During the call, DSS will also provide an update on its pending merger with Lexington Technology Group, Inc. (“Lexington”), which it announced on October 2, 2012. CONFERENCE CALL DSS management will host a teleconference and webcast on November 20, at 4:30 p.m. ET to discuss the results with the investment community: Time: 4:30 p.m. ETDate: Tuesday, November 20, 2012Investor Dial In (Toll Free): 877-407-9205Investor Dial In (International): 201-689-8054 Live Webcast URL: http://www.investorcalendar.com/IC/CEPage.asp?ID=170041 A replay of the teleconference will be available until November 29, 2012, which can be accessed by dialing (877)660-6853 within the United States or (201)612-7415 if calling internationally. Please enter account #286 and conference ID #402581 to access the replay.
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