Network-1 Receives New Patent from U.S. Patent Office

05:01 10/15/2017

Network-1 Technologies, Inc. NTIP , a company engaged in the development, licensing and protection of its intellectual property, announced that the U.S. Patent and Trademark Office issued U.S. Patent No. 9,781,251 to Network-1.

The new patent deals with methods of content identification and the performance of actions afterwards.

Network-1 recently acquired a patent portfolio from Professor Ingemar Cox in 2013. Dr. Cox is a professor at the University of Copenhagen and a Professor at University College London. He is also Head of the Media Futures Group at University College London.

The Portfolio acquired from Dr. Cox 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 advertisements and the facilitation of the purchase of goods and services relating to the media content.

In a world dominated by marketing and advertising, these patents could prove to be very successful.

Since its acquisition of Dr. Cox’s portfolio, Network-1 has filed twenty-two (22) additional patent applications, thirteen (13) of which have been issued bringing the total Portfolio of granted patents to eighteen (18).

Dr. Cox continues to provide consulting services to Network-1 with respect to the patents and the related pending and future patent applications and helps in Network-1's efforts of future development of the portfolio.

This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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