Network-1 Commences Patent Litigation against Citadel Securities and Jump Trading
Network-1 Technologies (NYSE American:NTIP) has announced that its subsidiary, HFT Solutions Technologies, has initiated patent litigation against Citadel Securities and Jump Trading for alleged infringement of three U.S. patents. The litigation focuses on the HFT Patent Portfolio, acquired in March 2022, which covers technologies used in high-frequency trading with FPGA hardware, particularly clock domain management technology for critical transaction latency improvements.
The HFT Patent Portfolio includes 11 issued U.S. patents and 2 pending applications, with terms extending until 2040. Network-1 currently owns 106 U.S. patents and has generated over $188 million in licensing revenue from its Remote Power Patent and $47.15 million from its Mirror Worlds Patent Portfolio through September 30, 2024.
Network-1 Technologies (NYSE American:NTIP) ha annunciato che la sua controllata, HFT Solutions Technologies, ha avviato una causa per violazione di brevetto contro Citadel Securities e Jump Trading per presunta violazione di tre brevetti statunitensi. La causa si concentra sul Portafoglio Brevetti HFT, acquisito a marzo 2022, il quale comprende tecnologie utilizzate nel trading ad alta frequenza con hardware FPGA, in particolare la tecnologia di gestione del dominio orario per miglioramenti critici nella latenza delle transazioni.
Il Portafoglio Brevetti HFT include 11 brevetti statunitensi rilasciati e 2 domande pendenti, con termini che si estendono fino al 2040. Network-1 attualmente possiede 106 brevetti statunitensi e ha generato oltre 188 milioni di dollari di entrate da licenze dal suo Brevetto per Energia Remota e 47,15 milioni di dollari dal suo Portafoglio Brevetti Mirror Worlds fino al 30 settembre 2024.
Network-1 Technologies (NYSE American:NTIP) ha anunciado que su subsidiaria, HFT Solutions Technologies, ha iniciado un litigio por patente contra Citadel Securities y Jump Trading por presunta violación de tres patentes de EE. UU. El litigio se centra en el Portafolio de Patentes HFT, adquirido en marzo de 2022, que cubre tecnologías utilizadas en el comercio de alta frecuencia con hardware FPGA, particularmente la tecnología de gestión del dominio de reloj para mejorar la latencia crítica de las transacciones.
El Portafolio de Patentes HFT incluye 11 patentes estadounidenses otorgadas y 2 solicitudes pendientes, con términos que se extienden hasta 2040. Network-1 actualmente posee 106 patentes en EE. UU. y ha generado más de 188 millones de dólares en ingresos por licencias de su Patente de Energía Remota y 47.15 millones de dólares de su Portafolio de Patentes Mirror Worlds hasta el 30 de septiembre de 2024.
Network-1 Technologies (NYSE American:NTIP)는 그 자회사인 HFT Solutions Technologies가 Citadel Securities와 Jump Trading를 상대로 세 개의 미국 특허를 침해했다는 혐의로 특허 소송을 시작했다고 발표했습니다. 이 소송은 2022년 3월에 인수한 HFT 특허 포트폴리오에 중점을 두고 있으며, 이는 FPGA 하드웨어를 사용한 고주파 거래에 사용되는 기술을 포함하고 있습니다. 특히 중요한 거래 지연 개선을 위한 클록 도메인 관리 기술이 포함됩니다.
HFT 특허 포트폴리오는 11개의 발급된 미국 특허와 2개의 대기 중인 신청서를 포함하고 있으며, 그 기한은 2040년까지 연장됩니다. 현재 Network-1은 106개의 미국 특허를 보유하고 있으며, 원격 전력 특허에서 1억 8,800만 달러 이상의 라이센스 수익을 발생시켰고, 4715만 달러는 Mirror Worlds 특허 포트폴로에서 발생시켰습니다(2024년 9월 30일 기준).
Network-1 Technologies (NYSE American:NTIP) a annoncé que sa filiale, HFT Solutions Technologies, a engagé des poursuites en matière de brevets contre Citadel Securities et Jump Trading pour violation présumée de trois brevets américains. Le litige porte sur le Portefeuille de Brevets HFT, acquis en mars 2022, qui couvre des technologies utilisées dans le trading à haute fréquence avec du matériel FPGA, en particulier la technologie de gestion de domaine horaire pour améliorer la latence critique des transactions.
Le Portefeuille de Brevets HFT comprend 11 brevets américains délivrés et 2 demandes en instance, avec des termes s'étendant jusqu'en 2040. Actuellement, Network-1 possède 106 brevets américains et a généré plus de 188 millions de dollars de revenus de licences pour son Brevet de Puissance à Distance et 47,15 millions de dollars pour son Portefeuille de Brevets Mirror Worlds jusqu'au 30 septembre 2024.
Network-1 Technologies (NYSE American:NTIP) hat angekündigt, dass ihre Tochtergesellschaft, HFT Solutions Technologies, eine Klage wegen Patentverletzung gegen Citadel Securities und Jump Trading eingereicht hat, weil angeblich drei US-Patente verletzt wurden. Der Prozess konzentriert sich auf das HFT Patentportfolio, das im März 2022 erworben wurde und Technologien abdeckt, die im Hochfrequenzhandel mit FPGA-Hardware verwendet werden, insbesondere Technologien zur Verwaltung von Taktdomänen zur Verbesserung der kritischen Transaktionslatenz.
Das HFT Patentportfolio umfasst 11 erteilte US-Patente und 2 anhängige Anträge, deren Laufzeit bis 2040 reicht. Network-1 besitzt derzeit 106 US-Patente und hat über 188 Millionen US-Dollar an Lizenzgebühren aus seinem Remote Power Patent und 47,15 Millionen US-Dollar aus seinem Mirror Worlds Patentportfolio bis zum 30. September 2024 generiert.
- Portfolio of 11 issued patents and 2 pending applications extending until 2040
- Strong historical licensing revenue: $188M from Remote Power Patent
- Additional $47.15M revenue from Mirror Worlds Patent Portfolio
- Entering potentially lengthy and costly patent litigation
- Uncertain outcome of patent enforcement against major trading firms
Insights
This patent litigation against major market makers Citadel Securities and Jump Trading is strategically significant. The HFT Patent Portfolio's focus on FPGA hardware and clock domain management for high-frequency trading represents critical intellectual property in an industry where nanosecond advantages translate to millions in profits. The patents' extension until 2040 provides substantial long-term monetization potential.
Network-1's track record of generating
This litigation could significantly impact Network-1's revenue potential. High-frequency trading firms like Citadel Securities and Jump Trading are industry giants with substantial resources, making them prime licensing targets. With 106 patents in their portfolio and a proven monetization strategy, Network-1's market position in intellectual property licensing looks promising.
For retail investors, think of this as David taking on Goliath - but with a strong legal precedent. Network-1's small
NEW YORK, NY / ACCESSWIRE / December 26, 2024 / Network-1 Technologies, Inc. (NYSE American:NTIP) announced today that its wholly-owned subsidiary, HFT Solutions Technologies, LLC ("HFT"), has initiated patent litigation against Citadel Securities, LLC ("Citadel") and Jump Trading, LLC ("Jump") in the United States District Court for the Northern District of Illinois for infringement of U.S. Patent No. 10,931,286, U.S. Patent No. 11,128,305, and U.S. Patent No. 11,575,381 (collectively, the "Patents-in-Suit").
The Patents-in-Suit are part of the HFT patent portfolio acquired by HFT Solutions, LLC in March 2022 (the "HFT Patent Portfolio"). The HFT Patent Portfolio relates to, among other things, technologies used by firms engaged in high frequency trading activities that utilize field-programmable gate array (FPGA) hardware, including clock domain management technology that provides critical transaction latency gains in trading systems where the difference between success and failure may be measured in nanoseconds.
The HFT Patent Portfolio now includes eleven (11) issued U.S. patents and two (2) pending U.S. patent applications. The patent terms of the HFT Patent Portfolio are currently expected to extend until 2040. HFT Solutions anticipates further issuances of new claims for the HFT Patent Portfolio covering additional technologies contemplated by the patent applications.
The HFT Patent Portfolio is available for licensing to firms that make use of FPGA systems that utilize the HFT Solutions' patented technology to engage in low-latency high frequency trading as part of their market making activities in equities and derivative securities, or as part of their proprietary trading activities.
ABOUT NETWORK-1 TECHNOLOGIES, INC.
Network-1 Technologies, Inc. is engaged in the development, licensing and protection of its intellectual property and proprietary technologies. Network-1 works with inventors and patent owners to assist in the development and monetization of their patented technologies. Network-1 currently owns one hundred and six (106) U.S. patents covering various telecommunications and data networking technologies as well as technologies relating to document stream operating systems, the identification of media content and high frequency trading. Network-1's current strategy includes continuing to pursue licensing opportunities for its intellectual property. Network-1's strategy is to focus on acquiring and investing in high quality patents which management believes have the potential to generate significant licensing opportunities as Network-1 has achieved with respect to its Remote Power Patent and Mirror Worlds Patent Portfolio. Network-1's Remote Power Patent has generated licensing revenue in excess of
This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning Network-1's business plans. Such statements are subject to a number of risk factors and uncertainties as disclosed in the Network-1's Annual Report on Form 10-K for the year ended December 31, 2023 and its Quarterly Reports on Form 10-Q for 2024 filed with the Securities and Exchange Commission including, among others, Network-1's uncertain revenue from licensing its intellectual property, uncertainty as to the outcome of pending litigation involving Network-1's Remote Power Patent, whether Network-1 will be successful in its appeal to the Federal Circuit of the District Court judgment dismissing its claims against Google and YouTube involving its Cox Portfolio, the ability of Network-1 to successfully execute its strategy to acquire or make investments in high quality patents with significant licensing opportunities, Network-1's ability to achieve revenue and profits from its Cox Patent Portfolio, M2M/IoT Patent Portfolio, HFT Patent Portfolio and additional revenue from its Remote Power Patent as well as a return on its investment in ILiAD Biotechnologies, LLC or other intellectual property it may acquire or finance in the future, the ability of Network-1 to enter into additional license agreements, uncertainty as to whether cash dividends will continue be paid, Network-1's ability to enter into strategic relationships with third parties to license or otherwise monetize their intellectual property, the risk in the future of Network-1 being classified as a Personal Holding Company which may result in Network-1 issuing a special cash dividend to its stockholders, future economic conditions and technology changes and legislative, regulatory and competitive developments. Except as otherwise required to be disclosed in periodic reports, Network-1 expressly disclaims any future obligation or undertaking to update or revise any forward-looking statement contained herein.
Corey M. Horowitz, Chairman and CEO
Network-1 Technologies, Inc.
917-692-0000
SOURCE: Network-1 Technologies, Inc.
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FAQ
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