“We recently received our first periodic royalty payment from one of the two companies that have entered into on-going royalty agreements.”

“In connection with our plans to expand our IP business beyond the Flash-R patent portfolio, we are collaborating with Dr. Pat Nunally on developing new technologies,” Falk added. “Also, we’ve received and responded to the first USPTO office action on our digital storage media encryption patent application.”

IFE remains about the service and repair versus new sales.

It's pretty much all about the IP, but that surprises few...and now a new dimension as the encryption patent front is moving forward.