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Quest Patent Research Corporation (QPRC) is a New York-based intellectual property asset manager specializing in both mature and emerging technologies. The company provides a spectrum of financial, strategic, and legal resources aimed at the monetization of intellectual property (IP). By partnering with individual inventors, small businesses, corporations, and law firms, Quest enables its partners to realize the value of their IP assets through a variety of methods, including customized engagement strategies, license and royalty revenue generation, new venture creation, active management, legal and financial network resources, risk sharing, and asset brokerage.
Quest's approach allows for the rapid and effective assessment of the inherent value of IP, followed by the design of customized solutions to bring viable assets to market. Their partnership structures are designed to align the interests of all vested parties while enhancing the ultimate economic value realized.
As of the end of 2023, Quest reported significant financial achievements, generating a net income of approximately $3.6 million on revenues of about $13.2 million, a notable increase from a loss of $0.8 million on revenues of $0.5 million in 2022. This revenue was primarily generated from the settlement of patent infringement litigation.
Quest currently owns, controls, or manages 22 intellectual property portfolios, with a focus on monetizing twelve of them, primarily consisting of patent rights. Quest's business operations, including acquisition, licensing, and enforcement of intellectual property rights, are comprehensively detailed in its annual report on Form 10-K for the year ended December 31, 2023.
For the latest updates and detailed information about Quest Patent Research Corporation, visit their official website at www.qprc.com.
Quest Patent Research Corporation (OTCQB: QPRC) has launched Digital IP Advisors Inc. (DIPA), an advisory service focusing on intellectual property (IP) in the realms of NFTs, cryptocurrencies, and digital assets. With the growing complexity of IP issues in digital spaces, DIPA aims to provide guidance on ownership, licensure, and monetization. The Company recently secured a capital facility of up to $27.0 million and has been involved in multiple patent acquisitions and licensing campaigns, positioning itself as a leader in IP management.
Quest Patent Research Corporation (OTCMKTS: QPRC) has secured a $27.0 million capital facility from QPRC Finance LLC, aimed at acquiring intellectual property portfolios and providing working capital. The Company extinguished its legacy secured convertible notes, replacing them with a contingent interest obligation linked to monetization proceeds. Additionally, Quest appointed Ryan Logue as an independent director and engaged a team of advisors for strategic initiatives. This financial backing is expected to enhance operational capabilities and drive growth. A shareholder update call is scheduled for March 2, 2021.
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