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Quest Patent - QPRC STOCK NEWS

Welcome to our dedicated page for Quest Patent news (Ticker: QPRC), a resource for investors and traders seeking the latest updates and insights on Quest Patent stock.

Quest Patent Research Corporation (QPRC) is a leader in intellectual property asset management, specializing in patent monetization and strategic licensing solutions. This page provides investors and industry professionals with comprehensive updates on QPRC's initiatives in technology commercialization and IP rights enforcement.

Access real-time announcements including earnings reports, partnership agreements, and legal developments shaping the company's position in IP markets. Our curated news collection simplifies tracking QPRC's progress in converting patent portfolios into measurable financial returns through licensing, litigation support, and innovative venture creation.

Key updates cover strategic acquisitions, royalty revenue milestones, and industry collaborations critical for assessing the company's operational performance. Bookmark this resource for streamlined access to QPRC's evolving strategies in managing both mature technologies and emerging innovation ecosystems.

Rhea-AI Summary
Quest Patent Research (QPRC) reports a significant turnaround in financial performance for the year ended December 31, 2023, with a net income of $3.6 million and revenues of $13.2 million, compared to a loss of $0.8 million and revenues of $0.5 million in 2022.
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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.

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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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