Anu IP LLC To License Computer Peripheral Device Patent Portfolio Developed By Ennova Direct, Inc.

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United States International Trade Commission institutes investigation into widespread infringement of patent portfolio directed to retractable USB drives.

The Medici Portfolio, LLC today announced that the International Trade Commission (ITC) has instituted an investigation into the infringement of a patent portfolio held by Anu IP LLC, a Medici managed company. The patent portfolio was originally developed by Ennova Direct, Inc. and is directed to computer peripheral devices, such as retractable USB drives, MP3 players, and wireless headsets. The patent portfolio consists of six U.S. patents and three pending applications. The investigation is entitled Certain Electronic Devices Having A Retractable USB Connector (Inv. No. 337-TA-843).

Ennova Direct is an innovative American company that pioneered the retractable USB connector concept and brought to market new computer peripheral products. “Ennova was originally set up to invent, manufacture and distribute its patent protected products. During our attempt to sell these products it became apparent that many large companies do not honor the patent rights of other inventors and companies, consequently making it impossible for a startup to gain any significant market share to further its creative efforts,” stated Paul Regen, CEO, Ennova. Ennova sought to license its patent portfolio after becoming aware of other companies selling infringing products.

In 2011, Anu IP entered into an agreement with Ennova to continue Ennova’s licensing program. Under the parties’ agreement, Ennova transferred ownership of its patent portfolio to Anu IP in exchange for a share of licensing profits. “Thanks to their team we now have the wherewithal to take on companies who have profited so handsomely from our intellectual property and are looking forward to this significant injustice being rectified.” stated Peter Garrett, President, Ennova.

ABOUT THE MEDICI PORTFOLIO, LLC

The Medici Portfolio, LLC manages companies which partner with patent owners to license their inventions. Information about The Medici Portfolio, LLC is available at http://www.mediciportfolio.com.

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Matthew Cunningham
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