· 14 Matters Resolved in 2019
· 4 Matters Resolved or Stayed Pending Settlement YTD
· 16 Active Licensing Programs: 10 Claim Construction Hearings and 12 Trials Docketed in 2020
· Patent licensing revenues totaled $2 million in first three quarters of 2019; Full year results due March 30, 2020
Quest completed an active year of licensing programs, resolving 14 matters in 2019. With 16 active programs and a 2020 docket that currently includes 10 claim construction hearings and 12 trials, Quest is well positioned to maintain an active calendar across a solid portfolio of diverse intellectual property (IP) assets this year. A summary of the upcoming events is available here.
The company settled actions with the likes of Amazon, TiVo, Pier 1 Imports, and Netgear to name a few. the Company resolved two actions in 2019 with AsusTek Computer Inc, involving its wholly owned subsidiaries Photonic Imaging Solutions and Mariner IC, and resolved the case involving wholly owned subsidiary Semcon IP’s Power Management Portfolio on January 28, 2020.
By way of example, the Power Management/Bus Controller Portfolio, acquired by Quest from Intellectual Ventures in October 2015 and transferred to Semcon IP Inc., consists of four United States patents that cover basic technology for adjusting the processor voltage and clock to save power based on processor operating characteristics and one United States patent that relates to coordinating direct bus communications between subsystems in an assigned channel. Since acquiring the portfolio, Semcon has resolved matters against Texas Instruments, MediaTek, ZTE, Huawei, STMicroelectronics, Michael Kors, Kyocera and Amazon. Semcon currently has three pending matters involving the portfolio against TCT Mobile International, Louis Vuitton North America, Inc., and Shenzhen OnePlus Science & Technology. Trials have been docketed in all three matters for the late third and fourth quarters of 2020, though all dates are subject to change by the court.
In a recent interview, Quest’s CEO Jon Scahill stated that the Company “certainly saw significant activity in 2019, further demonstrating the value of our intellectual property portfolio. However, our goal as management is always to strive to do more, build more, and deliver more long-term value to our shareholders and partners. That means a continued focus on adding high quality assets to create more opportunities to do so.” With 4 matters already resolved or stayed pending settlement this year, and 16 active matters – and 12 trials docketed for 2020 – management appears to have Quest well positioned in that regard.