Company Overview
Network-1 is focused on the acquisition, development, licensing
and general enforcement of its intellectual property portfolio.
We identify and acquire intellectual property from companies and
inventors and implement industry-wide licensing programs on
reasonable terms to enable widespread adoption. In this manner,
Network-1 is able to maximize the value of the technologies and
generate returns for the inventor's research and development
investments.
Inventors and firms that sell
their intellectual property to Network-1 may retain a stake in
the royalties generated by our licensing efforts. This
enables them to protect and monetize their technology without
the considerable expense and effort required to enforce
intellectual property rights. Our goal is to maximize the value
of our portfolio for the benefit of our shareholders and
partners by generating high margin licensing revenues with
limited operating risk and expenses.
Network-1’s current portfolio
consists of six patents issued by the U.S. Patent Office that
were originally developed and assigned to Merlot
Communications. They relate to two rapidly growing technology
spaces: delivery of
Power over Ethernet (PoE) and quality of service (QoS)
measures for delivery of multi-media traffic.
Current licensing efforts are
focused on providers of PoE source equipment and powered devices
based on the IEEE 802.3af standard, which was ratified in June
2003. These devices are used for such emerging
applications as Voice over IP (VoIP) phones, wireless access
points, RFID sensors and networked security cameras, among
others. PoE technology delivers tremendous cost savings,
reliability and network consolidation
benefits that have an immediate and substantial impact on a
business’s bottom line.
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