We welcomed and relied on Pinnacle to structure equitable access to critical technology as we focus on moving our business forward.
San Francisco, CA (PRWEB) September 22, 2010
Pinnacle Licensing Group, a new patent licensing services company, today announced that it has helped negotiate and complete a patent license and settlement agreement on behalf of FlashPoint Technologies with VistaQuest Corporation. The agreement resolved two patent disputes involving ten digital camera patents that FlashPoint had asserted against VistaQuest. The new license from FlashPoint to VistaQuest and associated settlement has led to the dismissal of all claims between the companies in Civil Action No. 1:08-cv-00139-GMS and Civil Action No. 1:09-cv-00106-GMS, in the United States District Court For Delaware. VistaQuest joins more than 20 other licensees of FlashPoint Technology digital imaging patents.
“As a third-party, Pinnacle was uniquely valuable in negotiating a license agreement which enabled the settlement of this matter and helping us avoid future litigation costs,” said Hamed Hejran, VistaQuest CEO. “We welcomed and relied on Pinnacle to structure equitable access to critical technology as we focus on moving our business forward.”
Pinnacle Licensing Group works with companies and inventors to enable business discussions and provide access to patent rights and technology. Pinnacle acts to help resolve patent disputes early so that inventors can receive fair value for their innovation and companies can benefit from access to patents and technology without unnecessary legal costs, potentially saving millions of dollars and eliminating distractions for the business.
“We were pleased to facilitate this dispute resolution by working with the principal parties and their outside counsel,” said Reed Stager, Pinnacle CEO. “Our model of creative licensing services has now been proven to help resolve dozens of disputes.”
Pinnacle does not own or enforce intellectual property. As a licensing services company, Pinnacle facilitates business discussions as an alternative to litigation. Pinnacle offers access to single or multiple patent assets and patent portfolios. While resolving assertions, Pinnacle can reduce risk beyond the litigated patents by enabling access to other potentially relevant patents for an incremental cost. Customers benefit from access to new technologies, lower acquisition costs, and reduced litigation risk.
Pinnacle clients currently hold more than 650 patent assets related to mobile devices, location-based services, social networking, media distribution and sharing, imaging, and other technologies.
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