Inventergy Expands Mobile Telecommunications Portfolio With Acquisition of Select Nokia Patents
2014年6月9日 - 9:55PM
Marketwired
Inventergy Expands Mobile Telecommunications Portfolio With
Acquisition of Select Nokia Patents
Transaction Marks Company's Third Acquisition From Global
Technology Leaders
CAMPBELL, CA--(Marketwired - Jun 9, 2014) - Inventergy Global,
Inc. (NASDAQ: INVT) ("Inventergy") announced today it has acquired
a patent portfolio from Nokia, a leader in network infrastructure,
location intelligence and advanced technology development. The
portfolio includes 16 patent families comprised of 77 patents and
patent applications pertaining to IP Multimedia Subsystems (IMS).
The acquisition is Inventergy's third significant patent
acquisition in the past year and increases the Company's portfolio
to more than 750 patents globally. While the terms of the
transaction are confidential, it has no immediate effect on
Inventergy's cash position.
"This represents an important acquisition for Inventergy. When
combined with the portfolio we acquired from Huawei last year,
these patents increase our IMS holdings by roughly 50 percent,"
said Joe Beyers, Chairman and CEO of Inventergy. "Leveraging these
additional assets with an outstanding R&D pedigree from Nokia,
a known and respected industry leader, will allow us to broaden our
reach in the high growth telecommunications infrastructure space as
we continue moving forward with our commercialization efforts."
The acquired patents address key telecommunications
infrastructure technologies that increasingly play a major role in
the industry's ongoing build-out of high-speed, next generation
cellular services for handsets, tablets, notebooks and other mobile
devices. Telecommunications operators throughout the world are
upgrading their network infrastructures to deliver advanced, higher
quality voice, data and video content services -- a global market
projected to generate US$354 billion in capital expenditures in
2014, according to an Infonetics Research report, a
telecommunications market research firm.
The acquired patents have wide geographic coverage in the United
States and 25 other countries in Europe and parts of Asia,
including Japan and China. The portfolio, among other things,
applies broadly to IMS technologies and spans a number of key
market segments including telecommunications operators, hardware
and software companies, equipment companies, and end-user equipment
vendors.
About Inventergy Global, Inc.
Inventergy Global, Inc. (NASDAQ: INVT) is a Silicon Valley-based
intellectual property company dedicated to identifying, acquiring
and licensing the patented technologies of market-significant
technology leaders. Led by IP industry pioneer and veteran Joe
Beyers, the company leverages decades of corporate experience,
market and technology expertise, and industry connections to assist
Fortune 500 companies in leveraging the value of their innovations
to achieve greater returns. For more information about Inventergy
Global, visit www.inventergy.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release includes "forward-looking statements"
intended to qualify for the safe harbor from liability established
by the Private Securities Litigation Reform Act of 1995. These
statements include statements about our plans, strategies,
financial performance, prospects or future events and involve known
and unknown risks that are difficult to predict. As a result, our
actual results, performance or achievements may differ materially
from those expressed or implied by these forward-looking
statements. These statements may be identified by the use of words
like "anticipate", "believe", "estimate", "expect", "intend",
"may", "plan", "will", "should", "seek" and similar expressions and
include any projections or estimates set forth herein. Such
forward-looking statements are necessarily based upon estimates and
assumptions that, while considered reasonable by Inventergy and our
management team, are inherently uncertain. A more complete
description of these risks and uncertainties can be found in our
filings with the U.S. Securities and Exchange Commission. We
caution you not to place undue reliance on any forward-looking
statements, which are made as of the date of this press release. We
undertake no obligation to update publicly any of these
forward-looking statements to reflect actual results, new
information or future events, changes in assumptions or changes in
other factors affecting forward-looking statements, except to the
extent required by applicable laws. If we update one or more
forward-looking statements, no inference should be drawn that we
will make additional updates with respect to those or other
forward-looking statements.
Contact Investors: Chris Camarra Director, Investor Relations
(212) 260-0579 Email
Contact Media Contact: Wendy Chou CHOUmedia LLC (718) 812-6707 Email
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