Renesas Electronics and Acacia Research (ACTG) Enter Portfolio Patent Licensing Agreement
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Renesas Electronics Corporation and Acacia Research Corporation (Nasdaq: ACTG) announced today that Renesas Electronics and Acacia have entered into a strategic patent licensing alliance. Pursuant to this relationship, those patents selected by Acacia and Renesas Electronics from Renesas Electronics’ portfolio of over 40,000 patents and patent applications will be assigned to Acacia for patent licensing.
“In today’s new paradigm of intellectual property where patent transactions are a part of everyday business, patent licensing has become increasingly important. In the meantime, it is important for Renesas Electronics to protect its own customers in the marketplace,” said Hironori Seki, General Manager of Intellectual Property Division of Renesas Electronics Corporation. “After thoroughly evaluating all of our various options for this essential aspect of our business, we chose an alliance with Acacia, the leading patent licensing company.”
“We are honored to have been selected to license the patents of Renesas Electronics, the world’s third largest semiconductor company by revenue,” commented Paul Ryan, Acacia’s Chairman and CEO. “This alliance with Renesas Electronics is part of our company’s mission to help patent holders worldwide realize fair value from their investment in research and development. Our licensing success helps support future R&D by patent holders for the benefit of their customers.”
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“In today’s new paradigm of intellectual property where patent transactions are a part of everyday business, patent licensing has become increasingly important. In the meantime, it is important for Renesas Electronics to protect its own customers in the marketplace,” said Hironori Seki, General Manager of Intellectual Property Division of Renesas Electronics Corporation. “After thoroughly evaluating all of our various options for this essential aspect of our business, we chose an alliance with Acacia, the leading patent licensing company.”
“We are honored to have been selected to license the patents of Renesas Electronics, the world’s third largest semiconductor company by revenue,” commented Paul Ryan, Acacia’s Chairman and CEO. “This alliance with Renesas Electronics is part of our company’s mission to help patent holders worldwide realize fair value from their investment in research and development. Our licensing success helps support future R&D by patent holders for the benefit of their customers.”
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