Network-1 Technologies, Inc. (NYSE: NTIP) has been issued US Patent No. 9,348,820 for content identification from the US Patent and Trademark Office, the company said.
The newly issued patent arises from a patent application contained in the patent portfolio acquired by Network-1 from Professor Ingemar Cox in 2013. The portfolio includes patents relating to enabling technology for identifying media content, such as music and videos, and taking further actions to be performed based on such identification including, among others, the insertion of advertising and the facilitation of the purchase of goods and services relating to the media content.
Since the acquisition of the portfolio, Network-1 has filed 12 additional patent applications, seven of which have been issued bringing the total portfolio of granted patents to 12. Five applications relating to the original specification are still pending and Network-1 anticipates further issuances of additional claims for this portfolio.
Network-1 Technologies, Inc. is a company engaged in the development, licensing and protection of intellectual property. The company works with inventors and patent owners to assist in the development and monetization of their patented technologies. Network-1 currently owns 28 patents covering various telecommunications and data networking technologies as well as technologies relating to document stream operating systems and the identification of media content.