Company Sees a Positive Shift in the Industry
CAMPBELL, CA -- (Marketwired) -- 12/18/15 -- Inventergy Global, Inc. (NASDAQ: INVT) ("Inventergy" or the "Company") today provided an update to investors regarding its views on the prevailing intellectual property environment.
Joe Beyers, Chairman and CEO of Inventergy, said, "I recently attended the IP Dealmakers Forum in New York City (www.ipdealmakersforum.com), which brought together key participants across the field of intellectual property transactions and monetization. Notable participants commented that they believe the IP marketplace appears to be rebounding and expressed optimism about the importance and value of IP transactions, also noting that Congress is entering its holiday recess without having passed any new patent litigation reform legislation, currently under consideration and facing considerable debate. This additional delay enables further discussion by all critical stakeholders, helping to ensure that future changes, if any, are well thought out and the full consequences thoroughly understood and properly balanced, given the critical importance of a robust U.S. patent system to protect our innovation economy."
Another indication of the changes in the IP environment, as recently reported by RPX Corporation (www.rpxcorp.com, which among other things, provides patent market intelligence), is that filing rates of new inter partes review (IPR) of patent challenge cases at the United States Patent and Trademark Office (USPTO) have flattened over the last several years, and the success rates of such challenges have fallen. Denial rates at the petition stage by the USPTO have recently increased to 42% for complete denial of patent challenges and 16% granted review on only some of the challenged patent claims. And even for those cases where review is granted, only 57% (through September 2015) of such contested cases taken through full review resulted in all challenged claims being cancelled. Indeed, the survival rate of patent claims taken through the IPR challenge process appears to have nearly doubled over the past several years.
Mr. Beyers continued, "The view that filing IPRs against patents is a 'slam dunk' approach that companies can easily use to avoid reasonable licensing negotiations is being appropriately adjusted. The USPTO appears, in both process and outcomes, to be approaching more sensible and fair results.
"In summary, the IP industry seems to be at an inflection point. I believe that in 2016 and 2017 we will see the industry, lawmakers and the courts taking a more appropriate and balanced view of the value of IP and particularly patent rights in the United States," concluded Mr. Beyers.
About Inventergy Global, Inc.
Inventergy Global, Inc. ("Inventergy") 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 companies in leveraging the value of their innovations to achieve greater returns.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains statements, estimates, forecasts and projections with respect to future performance and events, which constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent and belief or current expectations of the Company and its affiliates and subsidiaries and their respective management teams. Forward-looking statements are not statements of historical fact and often contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "will," "should," "seek" and similar expressions. Investors and prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the risk factors set forth from time to time in our filings with the Securities and Exchange Commission. These risks could cause actual results to differ materially from those expressed or implied in the forward-looking statements. We make forward-looking statements based on currently available information, and we assume no obligation to, and expressly disclaim any obligation to, update or revise publicly any forward-looking statements made in this release, whether as a result of new information, future events or otherwise, except as required by law.
For more information about Inventergy, visit www.inventergy.com.
Source: Inventergy Global, Inc.