Acacia keeps going

Mike AI · 07-22-2004

Have to give them credit for agressiveness.

http://biz.yahoo.com/bw/040721/215181_1.html

Acacia Technologies Acquires Redirection Patent from LodgeNet Entertainment
Wednesday July 21, 8:30 am ET

NEWPORT BEACH, Calif. & SIOUX FALLS, S.D.--(BUSINESS WIRE)--July 21, 2004--Acacia Research Corporation (Nasdaq:ACTG - News; Nasdaq:CBMX - News) announced today that its Acacia Technologies Group has acquired U.S. Patent No. 6,226,677 from LodgeNet Entertainment Corporation (Nasdaq:LNET - News).

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The newly acquired patent has several potential licensing opportunities, including DSL registrations, wireless "hotspots", and hotel high-speed Internet access (HSIA). The patent covers technology and methods for redirecting users to a login page when accessing the Internet.

Acacia expects to launch a licensing and enforcement program for the redirection patent in the third quarter, and will continue to separately license its Digital Media Transmission (DMT®) patent portfolio.

The Patent Purchase Agreement with LodgeNet includes terms by which the companies will divide future revenue received by Acacia from licensing the patent. If certain revenue benchmarks are not reached over the next several years, LodgeNet retains the right to repurchase the patent. Under the Agreement, LodgeNet and its customers are also fully licensed under the patent to conduct LodgeNet's Internet-related businesses.

"We previously announced our intent to acquire additional patented technologies," said Acacia Chairman and CEO, Paul Ryan. "Our goal is to expand revenue generating opportunities by leveraging the expertise of our in-house engineering and licensing teams."

"Our technology development group has created significant intellectual property over the years," said Scott C. Petersen, President and Chief Executive Officer of LodgeNet. "We believe this relationship with Acacia will allow our company to financially benefit from that technology beyond the scope of our core business."

The acquisition of this patent adds to the Acacia patent portfolio, which includes pioneering patents relating to its DMT® technology for transmitting and receiving digital audio and video content via various means, including the Internet, cable television, satellite television, fiber-optic, and wireless systems. Acacia has entered into 156 license agreements for its DMT® technology for cable TV services, corporate websites, e-learning, hotel on-demand TV services, and online entertainment, movies, music, news, and sports.

07-22-2004	#1
Mike AI Administrator Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 11,618	Have to give them credit for agressiveness. http://biz.yahoo.com/bw/040721/215181_1.html Acacia Technologies Acquires Redirection Patent from LodgeNet Entertainment Wednesday July 21, 8:30 am ET NEWPORT BEACH, Calif. & SIOUX FALLS, S.D.--(BUSINESS WIRE)--July 21, 2004--Acacia Research Corporation (Nasdaq:ACTG - News; Nasdaq:CBMX - News) announced today that its Acacia Technologies Group has acquired U.S. Patent No. 6,226,677 from LodgeNet Entertainment Corporation (Nasdaq:LNET - News). ADVERTISEMENT The newly acquired patent has several potential licensing opportunities, including DSL registrations, wireless "hotspots", and hotel high-speed Internet access (HSIA). The patent covers technology and methods for redirecting users to a login page when accessing the Internet. Acacia expects to launch a licensing and enforcement program for the redirection patent in the third quarter, and will continue to separately license its Digital Media Transmission (DMT®) patent portfolio. The Patent Purchase Agreement with LodgeNet includes terms by which the companies will divide future revenue received by Acacia from licensing the patent. If certain revenue benchmarks are not reached over the next several years, LodgeNet retains the right to repurchase the patent. Under the Agreement, LodgeNet and its customers are also fully licensed under the patent to conduct LodgeNet's Internet-related businesses. "We previously announced our intent to acquire additional patented technologies," said Acacia Chairman and CEO, Paul Ryan. "Our goal is to expand revenue generating opportunities by leveraging the expertise of our in-house engineering and licensing teams." "Our technology development group has created significant intellectual property over the years," said Scott C. Petersen, President and Chief Executive Officer of LodgeNet. "We believe this relationship with Acacia will allow our company to financially benefit from that technology beyond the scope of our core business." The acquisition of this patent adds to the Acacia patent portfolio, which includes pioneering patents relating to its DMT® technology for transmitting and receiving digital audio and video content via various means, including the Internet, cable television, satellite television, fiber-optic, and wireless systems. Acacia has entered into 156 license agreements for its DMT® technology for cable TV services, corporate websites, e-learning, hotel on-demand TV services, and online entertainment, movies, music, news, and sports. __________________ Make big money on your Domains! Why wait 40 days to get paid with the other guys? Parked.com pays the most for your traffic, and cuts checks twice a month!