Management Has Collectively Secured More Than $10 Billion in IP Value in Previous Roles
CAMPBELL, CA -- (Marketwired) -- 07/08/14 -- Inventergy Global, Inc. (NASDAQ: INVT) ("Inventergy"), announced today that it has identified the initial 135 companies that it believes are currently using the Intellectual Property assets covered by its patent portfolios. The Company's management team, whose collective track record in previous roles has attained over $10 billion in IP value, looks to further accelerate its licensing efforts and strategic growth.
"With the successful completion of the merger with eOn Communications Corporation (previously NASDAQ: EONC) behind us, we are now able to sharpen our efforts on licensing and monetizing upon our current patent portfolios," stated Chairman and CEO, Joe Beyers. "We are currently in various stages of discussions with more than 20 companies in an effort to secure licensing revenue. Although the outcomes of these discussions are yet uncertain, they demonstrate the breadth of our activities. Our business strategy can be credited to the strength of our excellent team and to the development of top-quality patent portfolios from leading global companies. Going forward, we will continue to enrich our telecommunications IP licensing focus and branch out into other industries in order to broaden our reach to additional licensees."
Inventergy has a built a world-class team by strategically recruiting industry experts including a team of technologists with deep domain expertise, licensing executives with strong personal connections and extensive deal experience from the markets the Company addresses and legal and litigation counsel with strong track records. The Company's depth and breadth of its portfolio strategy makes sensible licensing discussions and agreements far more attractive than litigation for potential licensees. Inventergy's portfolio is a mix of standards related and technology improvement patents that provide an attractive combination for both usage and value discussions.
Mr. Beyers continued, "Inventergy now owns more than 750 patent assets developed by and acquired from Huawei, Panasonic and Nokia, each acknowledged leaders in the telecommunications sector. We acquire strong patent portfolios from leading global companies in an attempt to monetize the assets in a professional manner. Going forward, we remain committed to monetizing our assets, identifying potential licensing relationships and enhancing shareholder value."
About Inventergy Global, Inc.
Inventergy Global, Inc. is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing the patented technologies of market-significant technology leaders. Led by IP industry pioneer and veteran Joe Beyers, the Company leverages decades of corporate experience, market and technology expertise, and industry connections to assist Fortune 500 companies in leveraging the value of their innovations to achieve greater returns. For more information about Inventergy Global, visit www.inventergy.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These statements include statements about our plans, strategies, financial performance, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. These statements may be identified by the use of words like "anticipate", "believe", "estimate", "expect", "intend", "may", "plan", "will", "should", "seek" and similar expressions and include any projections or estimates set forth herein. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by Inventergy and our management team, are inherently uncertain. A more complete description of these risks and uncertainties can be found in our filings with the U.S. Securities and Exchange Commission. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.
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Source: Inventergy, Inc.