DTL Licenses Key Cell Phone Patent to Nokia
General Patent Corporation acts as licensing agent
SUFFERN, NY, January 15, 2008 - General Patent Corporation (GPC), a leading patent licensing and enforcement firm, announced today a major licensing agreement between its client, Digital Technology Licensing LLC (DTL), and Nokia for a widely used and essential piece of patented cell phone technology.
The agreement with Nokia constitutes the first major licensing deal for DTL, which owns an essential patent for the cell phone technology.
"We are very pleased to have arranged this agreement on behalf of our client, DTL," said Alexander Poltorak, GPC's Chairman and CEO. "This license agreement is a resounding endorsement of our client's innovation and foresight."
The patented technology is essential to using Adaptive Multi-Rate (AMR) codec, an audio data compression algorithm used for speech coding that is widely employed in GSM standard for cell phone communications. The patented technology also provides backward compatibility, which allows cell phones to effectively communicate with older technology in existing cellular towers.
DTL is pursuing litigation with Verizon Wireless, T-Mobile, Sprint/Nextel and Motorola for infringement of the DTL patent, titled Digital Output Transducer. The licensing agreements reached with Nokia did not involve litigation.
About Digital Technology Licensing, LLC
Digital Technology Licensing LLC (DTL), of Suffern, N.Y., is the owner of U.S. Patent No. 5,051,799 titled "Digital Output Transducer." DTL is a portfolio company of an idea incubator affiliated with IP Holdings LLC. DTL is managed by GPC. A non-exclusive license under the patent is available on reasonable and non-discriminatory terms. For licensing terms, please contact Paul Lerner at (845) 368-4000. For more information, please visit www.digitaltechnologylicensing.com.
About General Patent Corporation
General Patent Corporation (GPC), headquartered in Suffern, NY, is a premier intellectual property (IP) boutique focusing on patent licensing and patent enforcement, as well as IP strategy and IP valuation. GPC represents clients in assertive licensing and infringement matters on a contingency basis. General Patent, the oldest patent enforcement firm in the U.S., is the managing member of DTL. For more information on GPC, please visit www.generalpatent.com.
About IP Holdings LLC
IP Holdings LLC, an affiliate of General Patent Corporation, is an IP-centric merchant banking organization. IP Holdings provides IP-related financial services as well as IP brokerage services. IP Holdings also operates an idea incubator. IP Holdings is a member of DTL. For more information on IP Holdings visit www.ip-holdings.com.