Due diligence on patent #5,491,774 prior to monetization effort
in response to
by
posted on
Jan 20, 2011 09:45AM
In this nearly 5 years old PR ,looking at the wording it surely indicate they thoroughly
checked the patent (and claims ) before going after IP monetization.
The preliminary independent evaluations we have received to date on our flash memory-related patents and claims are encouraging, particularly on our #5,491,774 patent. Based on this progress, and with the assistance of outside parties, we are beginning an intensive three-month process to identify the products and companies that may be utilizing our intellectual property and attempt to determine a monetary value on our claims and patents as they relate to the revenues being generated by these products. This effort will also include preparing the agreements and materials necessary to begin approaching potential licensees of our patent portfolio. We expect to provide more details about this in June.