The market value for this portfolio reflects this and we expect immediate and widespread interest in this portfolio acquisition opportunity.
Portland, Ore. (PRWEB) December 10, 2008
Global Technology Transfer Group, Inc., (GTT), the global leader in patent asset services, announces the availability of Golden Bridge Technology's (GBT) patent portfolio.
The Patent Portfolio covers fundamental aspects of Universal Mobile Telecommunications Systems (UMTS) using Wideband Code Division Multiple Access (WCDMA) as the radio access scheme, which is one of the most common types of wireless network technology deployed on a global basis.
All equipment manufacturers and service providers supplying 3rd Generation ("3G") wireless service adhere to the technical specifications set by the UMTS W-CDMA standard. The Patent Portfolio contains a number of patents that are fundamental to this standard. Significant UMTS related patents include Random Access Channel ("RACH") Ramp-Up and Acknowledgment; Parallel Code Transmission; Rake Receivers and Common Packet Channel ("CPCH").
Users of WCDMA are larger revenue generators than those subscribers on older or legacy networks. Annual revenue for users on 3G networks is 5-20% greater than those using other systems. The demand for more advanced services creates new opportunities for revenue. There will be over one billion handsets sold in the next five years to satisfy these demands.
"Current and future revenue from 3G services plays an integral role in the business planning of major corporations around the world," explains Michael Lubitz, CEO & Chairman of GTT. "The market value for this portfolio reflects this and we expect immediate and widespread interest in this portfolio acquisition opportunity."
About Global Technology Transfer Group, Inc.:
GTT is a world leader in corporate outsourced patent asset services, focused on helping corporations obtain the maximum value for their patent assets. GTT leverages its global network and expertise in patent portfolio management, technology transfer, and investment banking to provide the highest value result. The company's corporate headquarters are in Portland, Oregon.
About Golden Bridge Technology, Inc.:
Formed in 1995 by a consortium of telecommunication technology investors, scientists and intellectual property attorneys, GBT's primary business is the creation, licensing and enforcement of Wideband CDMA technology and intellectual property. The company's corporate headquarters are in Long Branch, New Jersey.
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