Science & Technology
Science and Technology
Science and Technology
Tue, January 13, 2009
Global Crossing and Ronald A. Katz Technology Licensing, L.P. Enter Into License Agreement
LOS ANGELES--([ BUSINESS WIRE ])--Ronald A. Katz Technology Licensing, L.P., headquartered in Los Angeles, announced today the settlement of patent litigation with Global Crossing (NASDAQ:GLBC), a leading global IP solutions provider.
As part of the agreement, Global Crossing will purchase a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications.
The nonexclusive license covers services offered by Global Crossing in the Group Conferencing Field of Use including collaborative and conferencing services delivered through automated systems and live agents. Other terms of the license were not disclosed.
The patents held by Ronald A. Katz Technology Licensing, L.P. cover a wide range of interactive technology including automated forms of: customer service, prescription refill services, securities trading, merchandising, prepaid services, telephone conferences, registration, home shopping, as well as functions involved in securing information from databases by telephone, interactive cable transactions, and various other uses of toll free and local numbers.
Ronald A. Katz stated, "We welcome Global Crossing to the group of leading telecommunications companies who have purchased a license under this portfolio."
There are over 275 companies with license rights under this portfolio, including over 45energy and utility companies. Companies with license rights under this portfolio include: Advanta Corp., Aetna Inc., Alltel Corporation, American Century, American Express, American International Group, Inc., Amtrak, AT&T Inc., Avis Budget Group, Inc., Avon Products, Inc., Bank of America Corporation, Capital One Services Inc., CIGNA Corporation, Chevron U.S.A. Inc., Comerica Inc., Continental Airlines, Costco Wholesale Corporation, CVS Caremark Corporation, Dell Inc., Delta Air Lines, Inc., Discover Financial Services, Experian, Express Scripts, Exxon Mobil Corp., First Data Corporation, FirstMerit Corporation, Frontier Communications Corporation, The Gallup Organization, The Hartford Financial Services Group, Inc., Hewlett-Packard Company, Hilton Hotels Corporation, Household International, Inc., ING North America Insurance Corp., International Business Machines (IBM), Kaiser Permanente Insurance Co., KeyCorp, Kohl's Corporation, Massachusetts Mutual Life Insurance Company, MCI Inc., Mellon Financial Corporation, Merck & Co., Merrill Lynch & Co., Inc., Metris Companies Inc., Microsoft, Morgan Stanley, Navy Federal Credit Union, New York Life Insurance Company, OppenheimerFunds, Inc., Premier Global Services, Inc., Principal Financial Group, Inc., Prudential Financial, Inc., Qwest Communications International Inc., QVC, Inc., Regions Financial Corporation, Rite Aid Corporation, Safeway Inc., Sears, Roebuck and Co., ShopKo Stores, Sprint Corporation, Sunoco, Inc., supervalu Inc., TD Banknorth Inc., T. Rowe Price Associates, Inc., T-Mobile USA, United Air Lines, Inc., UnitedHealth Group, Verizon California Inc., Wachovia Corporation, Walgreen Co., Wal-Mart Stores, Inc, Webster Financial Corporation, WellPoint, Inc., Wells Fargo & Company, West Corporation, Whirlpool Corporation, Wilmington Trust Corporation and Zions Bancorporation.
ABOUT GLOBAL CROSSING
Global Crossing (NASDAQ:GLBC) is a leading global IP solutions provider with the world's first integrated global IP-based network. The company offers a full range of secure data, voice, and video products to approximately 40 percent of the Fortune 500, as well as to 700 carriers, mobile operators and ISPs. It delivers services to more than 690 cities in more than 60 countries and six continents around the globe.
