|By Business Wire||
|September 24, 2012 02:47 PM EDT||
RSL Holdings Inc., an intellectual property development company focused on providing comprehensive solutions to IP brokerage, monetization, licensing, assertion evaluation, and acquisition challenges, today announces that the final bid date for the sale of a seminal 4G/LTE patent portfolio will be extended until November 15, 2012. Bids will not be accepted after this date.
“Since releasing the 4G/LTE patents onto the market, we’ve seen significant interest from buyers who recognize the rarity and value of these patents and applications,” said Francis Rushford, Managing Director of RSL Holdings, Inc. and an experienced patent attorney and patent asset exploitation practitioner. “We’ve received several indicative bids and also several requests by buyers to perform further due diligence to more fully explore the potential value of the assets.”
The patents and applications impact a broad swath of technologies across the 4G/LTE landscape involving mobile handset makers, mobile service providers, core network infrastructure equipment makers, and more for wireline and wireless networking. Given the scope of impact and high value of the portfolio, RSL is providing buyers with additional time to finalize their research on the assets for sale.
The assets for sale provide for both micro and macro “carrier class” network infrastructures capable of terminating voice and data traffic and their associated protocols at a central internet backbone access point, providing for all of the necessary transport and remote management capabilities to deliver fully-featured voice and data telecommunications services. The patents in the portfolio were developed early in the 2000s and provide for wide-band, wide-area wireless systems which today are simply called “4G/LTE.”
The patents and applications support technologies in a market currently showing explosive growth. The portfolio touches on key areas of emerging mobile technology markets including smartphone handsets, macro and micro network infrastructure, wireless networking products and the mobile service providers. RSL estimates that the market size in 2011 was approximately US$250 billion.
For more information about this portfolio, please contact Matthew Lea at firstname.lastname@example.org.
About RSL Holdings Inc.
RSL Holdings is an intellectual property development company focused on providing comprehensive solutions to IP brokerage, IP development, buy and sell side, and asset monetization support. Our team leverages decades of expertise in technology, law, and business to determine the best way of resolving the complex issues surrounding IP development, acquisition, and divestiture. With a global reach and an understanding of the global brokerage marketplace, IP commercialization opportunities, scope of protection, and the needs of buyers and sellers, RSL Holdings Inc. delivers bottom-line results.