About Drakes Bay Company LLCDrakes Bay Company LLC is a leading patent brokerage firm that serves the IP defense and cash generation needs of operating companies, funds and inventors. Drakes Bay Company was founded by Joseph W. Jennings in 2005 and provides sell- and buy-side services. The company was awarded the Intellectual Ventures President’s Award in 2012, is a member of the IAM 300 -- The World's Leading IP Strategists, and a member of the Licensing Executives Society USA. Safe Harbor Statement This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to certain risks, uncertainties and assumptions. These risks and uncertainties, which are more fully described in TranSwitch’s Annual and Quarterly Reports filed with the Securities and Exchange Commission, include changes in market conditions in the industries in which the Company operates. Should one or more of these risks or uncertainties materialize, or should the assumption prove incorrect, actual results may vary in material aspects from those currently anticipated.
TranSwitch® Corporation (NASDAQ: TXCC) today announced that the Company has retained Drakes Bay Company LLC a leading patent brokerage firm, to sell selected TranSwitch patent families. The TranSwitch patent families relate to Wide Area and Local Area Networking, DSL, and Ethernet Semiconductor and Systems Technologies. 77 US patents, 39 US patent applications and 32 international patents and applications will be offered for sale. TranSwitch will retain use licenses for these patents enabling the continued sale of legacy telecom products. “Over the past two decades TranSwitch has built a vast portfolio of patent families addressing widely adopted telecommunications technologies. As the company shifts its focus to the HD video connectivity market these patents no longer serve our long term business strategy; however, they are a valuable and marketable asset which can be further utilized to increase our working capital,” said Ali Khatibzadeh, President and CEO of TranSwitch. “Drakes Bay Company has a proven track record of executing multi-million dollar IP sales and we look forward to working with them. Excluding the patents we have identified for sale, TranSwitch maintains an industry-leading portfolio of patents related to our strategic HD video business and we will continue to invest in expanding our IP position.” “We are very pleased to be selected by TranSwitch to sell these assets,” said Joseph W. Jennings, Drakes Bay Company LLC, President. “The TranSwitch portfolio has very strong priority dates and forward citations and should garner considerable interest. We look forward to marketing these patent families.” About TranSwitch Corporation TranSwitch Corporation (NASDAQ: TXCC) designs, develops and supplies innovative integrated circuit (IC) and intellectual property (IP) solutions that provide core functionality for voice, data and video communications equipment for network, enterprise and customer premises applications. We provide integrated multi-core network processor System-on-a-Chip (SoC) solutions and software solutions for Fixed, 3G and 4G Mobile, VoIP and Multimedia Infrastructures. For the customer-premises market, we offer interoperable connectivity solutions that provide a bridge between HDMI and DisplayPort and enable the distribution and presentation of high-definition (HD) content for consumer electronic and personal computer markets and also provide a family of communications processors that provide best-in-class performance for a range of applications. Overall, we have over 100 active customers, including the leading global telecom equipment providers, semiconductor and consumer product companies. For more information, please visit www.transwitch.com. Or follow us at Facebook or twitter. TranSwitch is a registered trademark of TranSwitch Corporation.