San Francisco, CA (PRWEB) September 14, 2010
Pinnacle Licensing Group, a new patent licensing services company, today announced available licensing of over 650 issued and pending U.S. and international patents from more than 30 companies. Pinnacle’s new licensing models are designed to eliminate litigation costs, help resolve existing disputes, and reduce costs of patent licenses while delivering a positive return to inventors.
“We believe that inventors deserve a fair return, that unnecessary legal fees often become a tax on commerce, and that risk and disputes often discourage product innovation,” said Reed Stager, Pinnacle CEO. “Therefore, we are delivering a range of licensing services and options that address these issues. In a short time, the Pinnacle team has already helped settle more than a dozen existing disputes against leading technology and consumer electronics companies.”
Pinnacle does not own or enforce intellectual property. As a licensing services company, Pinnacle’s objective is to facilitate business discussions as an alternative to patent disputes. Pinnacle enables access to license rights of individual patents or patent portfolios while customers benefit from access to new technologies, lower acquisition costs, and reduced litigation risk. Pinnacle clients currently hold patent assets related to mobile devices, location-based services, social networking, media distribution and sharing, imaging, and other technologies.
Pinnacle works with clients and potential licensees to creatively structure the resolution of existing disputes with options to license additional patents. Representative clients include FlashPoint Technology, VTran Media Technologies, Ambato Media, and Zamora Radio.
Using a risk model, Pinnacle estimates that litigation-related expenses often consume 50% or more of net settlement values. This “tax” encourages intellectual property (IP) owners to assert more aggressively, resulting in potential licensees paying more for IP rights and unnecessary legal fees. The lack of an effective and efficient IP market forces patent owners toward litigation and feeds the growth of patent assertions.
To address these issues, Pinnacle enables access to single or multiple patent assets and patent portfolios. While resolving assertions, Pinnacle can reduce risk beyond the litigated patent by incorporating other relevant patents into the resolution for an incremental cost. Finally, with multi-year IP subscriptions, Pinnacle can lower risk and the immediate cost of licensing while vesting rights to IP and increasing the subscription value with the addition of future IP.
"Creating an efficient market for intellectual property is key to unleashing the innovative power of inventors around the world, which enables new products and services to be efficiently brought to market," said Stager. "Pinnacle will be working collaboratively with both large and small companies as well as individual inventors to help build this new market and to cost-effectively enable fair exchange of intellectual property value. "
About Pinnacle Licensing Group
Pinnacle Licensing Group provides licensing services for both inventors and product companies. Pinnacle currently supports more than 30 client companies with patents related to mobile devices, location-based services, social networking, media distribution and sharing, imaging, and other technologies. Pinnacle does not own or enforce intellectual property.
Pinnacle helps inventors monetize their patents through innovative approaches to licensing, creative resolution of patent disputes, and portfolio subscriptions. Our clients benefit from lower costs, accelerated revenues, and retaining more value for their IP. Licensees and subscribers benefit from access to new innovation, lower acquisition costs, and reduced litigation risk.
Pinnacle Licensing Group
425 Market Street, Suite 2200
San Francisco, CA 94105