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Acacia Research Reports Record Fourth Quarter And Record Year End Financial Results

Stocks in this article: ACTG

Revenues for the three months ended December 31, 2012 included fees from the following technology licensing and enforcement programs:

Technology Portfolios

 

  • 4G Wireless technology
  • Automotive Safety, Navigation and Diagnostics technology*
  • Camera Support technology
  • DMT® technology
  • Document Assembly Technology for Printers*
  • Enhanced Mobile Communications technology*
  • Facilities Operation Management System technology
  • Information Portal Software technology
  • Lighting Ballast technology
  • Location Based Services technology
  • Messaging technology
  • Online Auction Guarantee technology
  • Online Gaming technology
  • Pop-up Internet Advertising technology
  • Targeted Content Delivery & Network File Transfer technology
  • Telematics technology
  • Video Analytics for Security technology*
 

Medical Technology Portfolios

 

  • Bone Graft Harvesting technology
  • Bone Spacer Devices*
  • Bone Wedge technology*
  • Hearing Aid technology
  • Medical Image Manipulation technology
  • Minimally Invasive Surgery*
  • Radiation Therapy technology*
  • Suture Anchors technology
  • Surgical Access technology
  • Unicondylar Knee Replacement technology*

________________________ (*) Initial license fees were recorded for these licensing programs in the fourth quarter of 2012.

  • Acacia Research Group LLC and its subsidiaries Advanced Skeletal Innovations LLC, BSI LLC, and Bolt MRI LLC, have entered into a license agreement with a major medical device company.
  • Adaptive Sonics LLC entered into a settlement agreement with Cochlear Limited and Cochlear Americas Corporation. The settlement agreement resolved litigation that was pending in the United States District Court for the Eastern District of Texas.
  • ADAPTIX, Inc. entered into a licensing agreement with Nokia-Siemens Networks.
  • Advanced Printing Solutions LLC reached an agreement that resolved, and the parties dismissed with prejudice, the patent litigation action filed against Zebra Technologies Corporation, Civil Action No. 12-cv-3544, which was pending in the United States District Court for the Northern District of Illinois.
  • American Vehicular Sciences (“AVS”) and Gentex Corporation (“Gentex”) have settled all pending patent litigation between them and Gentex has obtained a multi-year license to AVS’s patent portfolio. Pursuant to the license, Gentex will make a series of fixed cash payments to AVS. Other terms of the license are confidential. As a result of this settlement, civil actions Civil Action No. 6:12-CV-406, Civil Action No. 6:12-CV-410, Civil Action No. 6:12-CV-413 and Civil Action No. 6:12-CV-415 filed by AVS against Gentex in the U.S. District Court for the Eastern District of Texas will be dismissed.
  • Brain Life LLC entered into a settlement and license agreement with Medtronic, Inc. The agreement resolved litigation that was pending in the United States District Court for the Southern District of California.
  • Content Delivery Solutions LLC entered into a settlement and license agreement with SAVVIS. The settlement and license agreement resolved patent litigation, Civil Action No. 1:11-cv-00216-LY that was pending in the United States District Court, Western District of Texas.
  • Criminal Activity Surveillance LLC entered into a settlement agreement with Siemens Industry, Inc. covering a patent directed to video analytics used in the field of security. This agreement resolved litigation that was pending in the United States District Court for the Eastern District of Texas.
  • Criminal Activity Surveillance, LLC entered into license and settlement agreements with the following licensees that resolved litigation that was pending.
  • UDP Americas, Inc.
         
  • Mango DSP, Inc.
  • Gametek LLC entered into license and settlement agreements with the following licensees that resolved litigation that was pending in the United States District Court for the Southern District of California.
  • NHN USA, Inc., NHN Corporation, IJJIGames, LLC, Aeria Games &Entertainment, Inc. and Red Duck Inc.
         
  • The Playforge, LLC, Playforge Games LLC,Playforge Games II LLC, Saban Brands LLCand Saban Properties LLC
  • Mobile Enhancement Solutions LLC and Apple, Inc. entered into an agreement that resolved the dispute between the parties currently pending in the United States District Court for the Northern District of Texas, Civil Action No. 3:12-cv-795.
  • Portal Technologies LLC entered into a settlement agreement with IAC/INTERACTIVE CORP. The agreement resolved litigation that was pending in the United States District Court for the Eastern District of Texas.
  • Radiation Stabilization Solutions LLC entered into a settlement agreement with Varian Medical Systems, Inc. The agreement resolved litigation that was pending in the United States District Court for the Northern District of Illinois.
  • Radiation Stabilization Solutions LLC entered into a Settlement and Patent License Agreement with Accuray, Incorporated, Cancer Treatment Centers of America, Inc., and Midwestern Regional Medical Center, Inc. The agreement resolved lawsuits pending in the United States District Court, Northern District of Illinois, case numbers 11-cv-6462 and 11-cv-7700.
  • Telematics Corporation entered into a settlement and license agreement with CarrierWeb, L.L.C. This agreement resolved patent litigation that was pending in the United States District Court for the Northern District of Georgia.
  • Unified Messaging Solutions LLC entered into license and settlement agreements with the following licensees that resolved litigation that was pending.
  • Avalanche, LLC
  • Avid Life Media, Inc
  • Comcast Cable Communications LLC
  • Discover Financial Service
         
  • Doostang, Inc. UBS Financial Services, Inc.
  • Plentyoffish Media Inc.
  • Where Are You Now? Ltd.
  • Unified Messaging Solutions LLC and Etsy, Inc. entered into a settlement agreement which resolved the dispute between the parties currently pending in the United States District Court for the Southern District of New York, Case No. 1:12-cv-03829 and pending in the United States District Court for the Northern District of Illinois, Case No. 12-cv-06286.
  • Unified Messaging Solutions LLC entered into agreements with the following licensees which resolved all disputes between the parties currently pending in the United States District Court for the Northern District of Illinois, Case No. 12C6286.
  • Facebook, Inc.
         
  • AOL Inc.
  • Acacia Research Group LLC and its affiliates continued their patent and patent rights acquisition activities, acquiring a total of 9 new patent portfolios in the fourth quarter of 2012, including the following:
    • In December 2012, acquired patents for Micro-Location Technology.
    • In December 2012, acquired patents for Wireless Infrastructure and User Equipment Technology from Nokia Siemens Networks relating to second (2G), third (3G) and fourth (4G) generation wireless technologies.
    • In December 2012, acquired rights to patents in the orthopedic technology sector.
    • In December 2012, TeleCommunication Systems, Inc. (“TCS”) and a subsidiary of Acacia entered into a patent licensing alliance, whereby the Acacia subsidiary has acquired the rights to a portion of TCS’ wireless data synchronization & data transfer patent portfolio.
    • In December 2012, acquired patents covering broadband communications technologies such as digital subscriber line (DSL) modems and voice-over-internet-protocol (VoIP) phones.

    _______________________

(1) As used herein, “Acacia Research Corporation,” “we,” “us,” and “our” refer to Acacia Research Corporation and/or its wholly and majority-owned operating subsidiaries. All intellectual property acquisition, development, licensing and enforcement activities are conducted solely by certain of Acacia Research Corporation’s wholly and majority-owned operating subsidiaries.

(2) Acacia Research Group LLC, Adaptive Sonics LLC, ADAPTIX, Inc., Advanced Printing Solutions LLC, Advanced Skeletal Innovations LLC, American Vehicular Sciences LLC, BSI LLC, Bolt MRI LLC, Brain Life LLC, Content Delivery Solutions LLC, Criminal Activity Surveillance LLC, Gametek LLC, Mobile Enhancement Solutions LLC, Portal Technologies LLC, Radiation Stabilization Solutions LLC, Telematics Corporation and Unified Messaging Solutions LLC are wholly and majority-owned operating subsidiaries of Acacia Research Corporation.

(3) The income tax provision for the three months and year ended December 31, 2012 is preliminary and subject to adjustment resulting from finalization of the income tax provision in connection with the completion of our year end audit and the filing of our 2012 annual report on form 10-K. We do not expect any final adjustments to be material to the financial information contained herein.

Copyright Business Wire 2010
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