Acacia subsidiaries ink patent license agreement with ZTE

Acacia Research Corporation (NASDAQ: ACTG) subsidiaries Saint Lawrence Communications LLC and Saint Lawrence Communications GmbH have entered into a patent license agreement with ZTE Corporation, the company said.

The agreement resolves litigation actions that were pending in the United States District Court for the Eastern District of Texas and in the Mannheim district court of Germany.

Founded in 1993, Acacia Research Corporation (NASDAQ: ACTG) is the industry leader in patent licensing. An intermediary in the patent marketplace, Acacia partners with inventors and patent owners to unlock the financial value in their patented inventions. Acacia bridges the gap between invention and application, facilitating efficiency and delivering monetary rewards to the patent owner.