Acacia Research Announces Licensing Agreement for Wi-Fi 6 Patents

Rhea-AI Summary

Acacia Research Corporation (NASDAQ: ACTG) has announced that its subsidiary, Atlas Global Technologies LLC, has granted a license to Samsung Electronics, resolving previous patent litigation. This is the first licensing deal for Atlas Global's Wi-Fi 6 standard essential patents, reflecting the strength of its portfolio. The financial terms of the agreement remain confidential. Acacia specializes in acquiring undervalued businesses and leveraging unique capabilities to create value in mature technology sectors.

Positive

• Successful licensing agreement with Samsung strengthens intellectual property portfolio.
• Resolution of patent litigation may lead to further licensing opportunities.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Acacia Research Corporation (Nasdaq: ACTG) today announced that its subsidiary, Atlas Global Technologies LLC, has granted a license to Samsung Electronics Co., Ltd., related to Atlas Global’s Wi-Fi 6 standard essential patents and resolved patent litigation between the two parties.

Acacia’s Chief Intellectual Property Officer, Marc Booth, commented, “The rapid completion of the first Atlas Global license is a testament to the strength of its portfolio of Wi-Fi 6 standard essential patents.”

Financial terms are confidential and will not be disclosed.

About Acacia Research Corporation

Acacia Research (NASDAQ: ACTG) seeks to acquire undervalued businesses and pursues opportunities for value creation. We leverage our (i) access to flexible capital that can be deployed unconditionally, (ii) expertise in corporate governance and operational restructuring, (iii) willingness to invest in out of favor industries and businesses that suffer from a complexity discount and untangle complex, multi-factor situations, and (iv) expertise and relationships in certain sectors, to complete strategic acquisitions of businesses, divisions, and/or assets with a focus on mature technology, healthcare, industrial and certain financial segments. We seek to identify opportunities where we believe we are advantaged buyers, where we can avoid structured sale processes and create the opportunity to purchase businesses, divisions and/or assets of companies at an attractive price due to our unique capabilities, relationships, or expertise, or where we believe the target would be worth more to us than to other buyers. Information about Acacia Research Corporation and its subsidiaries is available at www.acaciaresearch.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This news release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These 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 ability to successfully implement our strategic plan, the ability to successfully identify and complete strategic acquisitions of businesses, divisions, and/or assets, the ability to successfully develop licensing programs and attract new business, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments addressing licensing and enforcement of patents and/or intellectual property in general, general economic conditions, including the impact of the COVID-19 pandemic and the success of our investments. Our Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and any amendments to the foregoing, 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.

The results achieved in the most recent quarter are not necessarily indicative of the results to be achieved by us in any subsequent quarters, as it is currently anticipated that Acacia Research Corporation’s financial results will vary, and may vary significantly, from quarter to quarter. This variance is expected to result from a number of factors, including risk factors affecting our results of operations and financial condition referenced above, and the particular structure of our licensing transactions, which may impact the amount of inventor royalties and contingent legal fees expenses we incur from period to period.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211110005881/en/

Investor Contact:

Rob Fink

FNK IR

646-809-4048

rob@fnkir.com

Source: Acacia Research Corporation

FAQ

What recent agreement did Acacia Research announce?

Acacia Research announced a licensing agreement with Samsung Electronics for Wi-Fi 6 standard essential patents.

What is the stock symbol for Acacia Research?

The stock symbol for Acacia Research is ACTG.

What impact does the licensing deal have on Acacia Research's business?

The licensing deal strengthens Acacia Research's intellectual property portfolio and could open the door for additional licensing opportunities.

Are the financial terms of the Samsung licensing deal disclosed?

No, the financial terms of the licensing deal between Acacia Research and Samsung are confidential.

Did Acacia Research resolve any legal disputes with Samsung?

Yes, the licensing agreement resolved prior patent litigation between Acacia Research and Samsung.