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Prism Technologies Group, Inc. (PRZM)

Established in 1995, Prism Technologies Group, Inc. is an intellectual property (IP) licensing and technology research & development (R&D) company. The company, via its wholly-owned subsidiaries, owns a patent portfolio consisting of nine patent families incorporating 61 issued and six pending patents in the Computer & Network Security, Semiconductors, and Medical Technology space.

Prism Technologies Group is the parent company of Prism Technologies, LLC, which is a Nebraska Limited Liability company (LLC) headquartered in Omaha, Nebraska. Prism Technologies Group is headquartered in Folsom, California.

Prism Technologies Group licenses and enforces a portfolio of patents relating to its technologies. The company continues to develop and patent new technologies. Its commitment is to continuing R&D efforts in several fields. The company's mission is to continue to develop and invent new technologies in computer and network security, wearable computing, transaction processing, and healthcare to expedite time to market opportunities for its clients.

In May 2017, Prism Technologies Group announced that the Court of Appeals for the Federal Circuit rejected a request by Sprint Spectrum LP d/b/a Sprint PCS for a rehearing of Sprint's appeal of the patent infringement verdict, in favor of Prism Technologies Group subsidiary, Prism Technologies LLC.

In June 2015, a jury in the United States District Court for the District of Nebraska found that the accused Sprint network systems and methods infringe many claims of U.S. Patent Nos. 8,387,155 and 8,127,345, and Prism LLC was awarded trial damages of $30 million. Prism LLC was also awarded $2 million in prejudgment interest. It will be entitled to post-judgment interest in an amount to be determined.

The suit against Sprint is the second of five patent infringement lawsuits filed by Prism LLC against wireless carriers in U.S. District Court for the District of Nebraska.

Recently, Prism Technologies Group announced that it entered into an Asset Purchase Agreement with Amorphous Technologies International (ATI). This Agreement is to acquire certain intellectual property (IP) assets related to unique uses for amorphous metals. After the close of the transaction, Prism will commercialize the acquired IP assets to create new amorphous metal technology offerings for the consumer electronics, automotive, industrial, and other business sectors.

ATI is a leader in development of inventive amorphous alloy solutions founded on proprietary materials technology. Its solutions deliver value through removing the limits of existing materials technology that result in high costs throughout the lifecycle of a product.

 

 

 

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