Acacia Research Corporation : Acacia Subsidiary Enters into License Agreement with American Ballast Corp.
01/09/2012 | 06:00am
Acacia Research Corporation (Nasdaq: ACTG) announced today that its
Lighting Ballast Control LLC subsidiary has entered into a settlement
and license agreement with American Ballast Corp. covering patents
relating to electronic lighting ballasts. The agreement resolves
litigation that was pending in the United States District Court for the
Northern District of Texas.
The technology relates generally to controlling power to fluorescent
lamps. The technology may be used in lighting ballasts for commercial
and industrial applications.
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 200
patent portfolios, covering technologies used in a wide variety of
industries.
Information about Acacia Research Corporation and its subsidiaries is
available at www.acaciaresearchgroup.com
and www.acaciaresearch.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This news release may contain forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. Such statements are based upon our
current expectations and speak only as of the date hereof. Our
actual results may differ materially and adversely from those expressed
in any forward-looking statements as a result of various factors and
uncertainties, including the recent economic slowdown affecting
technology companies, our ability to successfully develop products,
rapid technological change in our markets, changes in demand for our
future products, legislative, regulatory and competitive developments
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.
Investor Relations:
Acacia Research Corporation
Rob
Stewart, 949-480-8300
Fax: 949-480-8301
or
Media
Contact:
Lippert/Heilshorn & Associates
Adam
Handelsman, 212-201-6622
Managing Director
ahandelsman@lhai.com
© Business Wire 2012
