Acacia Subsidiary Partners with Owner of U.S. and Canadian Patents Relating to Energy Efficiency in Commercial and Residential Building Markets
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Acacia Research Corporation (NAS: ACTG) announced today that a subsidiary has obtained U.S. and Canadian patents relating to energy efficiency in commercial and residential building markets. The portfolio broadly covers reflective and radiant barrier insulation technology which dramatically improves heating and cooling efficiency.
"As our licensing success grows, an increasing number of companies are selecting us as their partner for the licensing of their patented technologies," commented Paul Ryan, Acacia CEO. "Acacia is rapidly becoming the leader in licensing and we continue to grow our base of future revenues by adding new patent portfolios," concluded Mr. Ryan.
ABOUT ACACIA RESEARCH CORPORATION
Acacia Research Corporation's subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia Research Corporation's subsidiaries control over 250 patent portfolios, covering technologies used in a wide variety of industries.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.These statements including those of Paul Ryan relating to our licensing success, the number of technology companies selecting us as their partner, and the growth of our base of future revenues are based upon our current expectations and speak only as of the date hereof.Our ability to become the licensing partner for companies, and our ability to grow our base of future revenues by adding new patent portfolios may differ materially and adversely from that expressed in any forward-looking statements as a result of various factors and uncertainties, including the economic slowdown affecting technology companies, theability to successfully develop licensing programs and attract new business, rapid technological change in relevantmarkets, changes in demand for current and future intellectual property rights, legislative, regulatory and competitive developments addressing licensing and enforcement of patents and/or intellectual property in general, and general economic conditions.Our Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition.We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Acacia Research Corporation
Rob Stewart, Investor Relations
Adam Handelsman, President & Founder
KEYWORDS: United States North America California
The article Acacia Subsidiary Partners with Owner of U.S. and Canadian Patents Relating to Energy Efficiency in Commercial and Residential Building Markets originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.