Developing and Licensing Intellectual Property
At Network-1, we are focused on the development, licensing and protection of our intellectual property assets. We work with individual inventors and corporate and academic patent owners to fully develop and license their intellectual property assets in order to maximize the value of the underlying inventions.
Generating Robust Licensing Revenues
Parties that work with Network-1 generally retain a stake in our company and the royalties generated by our efforts to develop and monetize their intellectual property. This enables them to fully develop and protect their technologies without the considerable expense and effort required to realize the fruits of their intellectual labor. Our goal generally is to maximize the value of our portfolio for the benefit of our shareholders and partners.
Network-1 presently owns twenty-eight (28) patents including:
- The Remote Power Patent covering the delivery of power over Ethernet (PoE) cables for the purpose of remotely powering network devices, such as wireless access ports, IP phones, and network based cameras;
- The Mirror Worlds patent portfolio (the "Mirror Worlds Patent Portfolio") relating to foundational technologies that enable unified search and indexing, displaying and archiving of documents in a computer system;
- The Cox patent portfolio relating to enabling technology for identifying media content on the Internet and taking further action to be performed based on such identification; and
- Patents covering systems and methods for the transmission of audio, video and data over computer and telephony networks in order to achieve a high quality of service (QoS) (the "QoS Patents").
The Company's strategy is to focus on working with third parties to develop high-quality intellectual property assets that can generate significant licensing opportunities, such as the Remote Power Patent, which has generated licensing revenue in excess of $100,000,000 from May 2007 through September 2016.