Acacia Subsidiary Enters into Settlement and Patent License Agreement with Castle Street Investments plc
July 02 2015 - 6:00AM
Business Wire
Acacia Research Corporation (NASDAQ: ACTG) announced today that
its Unified Messaging Solutions LLC subsidiary has entered into a
settlement and patent license agreement with Castle Street
Investments plc (fka Cupid plc). The agreement resolves litigation
that was pending in the United States District Court for the
Eastern District of Texas and the United States District Court for
the Northern District of Illinois.
ABOUT ACACIA RESEARCH CORPORATION
Founded in 1993, Acacia Research Corporation (NASDAQ: ACTG) is
the industry leader in patent licensing. An intermediary in the
patent marketplace, Acacia partners with inventors and patent
owners to unlock the financial value in their patented inventions.
Acacia bridges the gap between invention and application,
facilitating efficiency and delivering monetary rewards to the
patent owner.
For more information, visit: www.acaciaresearch.com
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This news release may contain forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Such statements are based
upon our current expectations and speak only as of the date hereof.
Our actual results may differ materially and adversely from those
expressed in any forward-looking statements as a result of various
factors and uncertainties, including the recent economic slowdown
affecting technology companies, our ability to successfully develop
products, rapid technological change in our markets, changes in
demand for our future products, legislative, regulatory and
competitive developments and general economic conditions. Our
Annual Report on Form 10-K, recent and forthcoming Quarterly
Reports on Form 10-Q, recent Current Reports on Forms 8-K and
8-K/A, and other SEC filings discuss some of the important risk
factors that may affect our business, results of operations and
financial condition. We undertake no obligation to revise or update
publicly any forward-looking statements for any reason.
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Acacia Research CorporationRob StewartInvestor
Relations949-480-8300rs@acaciares.comorMedia Contact:SpecOps
CommunicationsAdam HandelsmanPresident &
Founder212-518-7721Acacia@SpecOpsComm.com
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