OTTAWA, Ontario – Feb 18, 2009- MOSAID Technologies Inc. (TSX:MSD) today announced that it has acquired a significant portfolio of 300 patents from SercoNet Ltd. The new portfolio of wired and wireless communications patents will enable MOSAID to expand its licensing activity into the enterprise and consumer communications, networking, and Internet access markets.
"A key element of our growth strategy, along with continuous innovation, is to expand and diversify our patent licensing activities into new markets through the acquisition of rigorously selected patent portfolios," said John Lindgren, President and Chief Executive Officer, MOSAID. "These are strong, tested patents, and we look forward to seeing them deliver new licensing revenues."
Under the terms of the patent purchase agreement, MOSAID receives full title to the portfolio for an undisclosed amount, paid over the next four months. MOSAID will also pay SercoNet a percentage of the net royalty revenues earned from licensing these patents to third parties.
The acquired portfolio relates to wired and wireless communications products and systems. These include Power over Ethernet (PoE), Voice over Internet Protocol (VoIP), IP Private Branch Exchanges (IP-PBXs), Wireless Access Points (WAPs), IP Digital Subscriber Line Access Multiplexers (IP-DSLAMs), cable modems, and Asynchronous DSL (ADSL) modems. The portfolio is geographically diverse, with U.S, European and Asian patents and patent applications.
With this new portfolio, MOSAID will begin granting patent licenses in a range of well established and growing markets, from PoE-enabled data switches, IP-PBXs and IP telephones, to home networking and Powerline plug-ins. The new patents also complement MOSAID's licensing activity in the communications router and wireless access point markets.