KUDELSKI SA The Kudelski Group and RPX Corporation Enter into Broad Patent Licensing Agreement
Cheseaux-sur-Lausanne, Switzerland and San Francisco - August 03, 2016 - The Kudelski Group (SIX: KUD.S), a leading independent provider of media protection and value-added service technology, and RPX Corporation (NASDAQ: RPXC), the leading provider of patent risk solutions, today announced they have entered into a broad-based patent licensing agreement.
Under the terms of the agreement, RPX receives the right to sublicense a limited number of companies to Kudelski Group patents. Kudelski receives an upfront payment, mutual patent risk clearance, and a future transfer of patents from RPX. Additionally, Kudelski joins the RPX client network.
"We are pleased to finalize this agreement with RPX," said Joe Chernesky, Senior Vice President of Intellectual Property and Innovation at the Kudelski Group. "The Kudelski Group has a proud track record as an innovator and technology leader that spans six decades. Building on that solid foundation, we continue to differentiate ourselves in the industry as a principled and pragmatic leader in developing and licensing technology and intellectual property. Operating companies benefit when they respect each other's intellectual property rights and license patents in a reasonable and collaborative manner."
"In bringing together operating companies in complex deals such as this one, we reduce the uncertainty of patent-related risk and continue to transform the patent market with our clearinghouse approach," said Mallun Yen, Executive Vice President of RPX. "By moving patent transactions out of the courtroom and into the deal room, we introduce transparency, scalability, and efficiency, leading to rational outcomes for all parties."
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