Third Commercial Agreement for Inventergy Subsidiary
CAMPBELL, CA -- (Marketwired) -- 08/03/16 -- Inventergy Global, Inc. (NASDAQ: INVT), an intellectual property licensing company, announced today that Inventergy Innovations, LLC, INVT's recently formed subsidiary, has secured a commercial agreement with Lopoco, a Company that designs and manufactures ultra-efficient green-tech servers. As part of the agreement, Inventergy Innovations will be the exclusive representative in the licensing of Lopoco's technology, which uses up to 75% less energy and 50% less space than conventional servers.
Lopoco's servers are engineered for energy efficiency, rack-space density and low power consumption through the selection of off-the-shelf energy-efficient components, the reduction or elimination of unnecessary power-hungry features, and the advanced engineering of the overall server for efficiency and power savings. Lopoco's servers achieve much higher server densities per rack with significantly lower power and cooling requirements, thus providing advantages in throughput as well as virtual machine, or VM, deployment efficiencies. Lopoco's technology is aimed at markets with high demand for energy efficient products. A recent article in The San Jose Mercury News stated that companies with large data centers spend an aggregate of approximately $7 billion a year on electricity, even with improvements to energy efficiency. Lopoco servers are ideally positioned in a growing market of data center servers, which, according to IDC, is an approximately $60 billion per year market.
Joe Beyers, CEO of Inventergy, stated, "We are excited to be partnering with Lopoco in licensing its groundbreaking, ultra-efficient technology. In a short time, Inventergy Innovations has been able to secure the license rights to unique and powerful disruptive technology and we believe this will allow us to provide additional revenue opportunities for Inventergy Innovations and our partners. This is our third commercial agreement as part of this initiative, with more coming. Progress is also being made on previously signed agreements as we have already initiated licensing and partnership discussions relating to these opportunities."
"We are pleased with our decision to partner with Inventergy Innovations to maximize our growth potential in this dynamic server market," said Andy Sharp, CEO of Lopoco. "Our ultra-efficient server design uses far less power than conventional servers without compromising performance or business continuity. Our servers are built on proven, currently available technology, without costly custom silicon. We chose to work with Inventergy Innovations because of its reputation and successful IP strategies."
About Inventergy Global, Inc.
Inventergy Global, Inc. is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing 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 and other technology companies in leveraging the value of their innovations to achieve greater returns. For more information about Inventergy, visit www.inventergy.com.
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Source: Inventergy Global, Inc.