Xybernaut Announces Licensing Program to Increase Revenue From Intellectual Property
FAIRFAX, Va., Mar 7, 2003 (BUSINESS WIRE) --
Xybernaut(R) and DeltaTech International Complete Agreement to Implement This Plan for Xybernaut Dual Use Computing Device IP
Xybernaut Corporation (NASDAQ:XYBR), a leader in wearable computing technologies, today announced a new licensing plan designed to increase revenue for its intellectual property.
In related news, Xybernaut has also entered into an agreement with DeltaTech International, a leader in technology transfer, to implement and manage licensing activities related to Xybernaut Dual-Use Computing Device intellectual property. The plan and agreement announced today are additional components of the Company's strategic plan to increase revenue from its intellectual property.
This proactive plan offers potential licensees as well as current or potential infringers a non-exclusive licensing opportunity. More than 50 such companies have already been identified and formally contacted by DeltaTech.
The plan also makes it easier for companies to incorporate Xybernaut IP into their computing and communication solutions, and is particularly suitable for certain portions of Xybernaut's patent portfolio -- particularly those patents that address a broad and diverse set of industry solution providers.
This licensing methodology was utilized for another organization with great success by the principals of DeltaTech in providing access to any party interested in the Cohen/Boyer patents. The Cohen/Boyer patents are considered cornerstone IP related to many recent biotechnology advancements, and have generated approximately $200 million in licensing revenue over the life of the patents.
"Xybernaut is a pioneer and the recognized industry leader in wearable/mobile computing for more than a decade and has successfully defended patents when challenged," stated Ernst Ringle, managing partner for DeltaTech International. "As such, we consider Xybernaut to be the 'gateway' to mobile and wearable/mobile computing."
"Xybernaut has built and maintains an extensive portfolio of patents and intellectual property on a worldwide basis. Our own thorough analysis, as well as extensive evaluation from other independent third-parties, shows that Xybernaut IP holds considerable untapped value. We believe that our focused efforts will successfully generate revenue from portions of this IP," added Ringle.
In the past, Xybernaut focused primarily on utilizing its IP to establish protected marketplaces for itself to exploit with goods and services. As a result, Xybernaut wearable products and technologies are now sold and utilized on five continents.
Xybernaut also focused on leveraging its IP by: 1) creating successful licensing agreements in specific markets with companies such as Hitachi; and 2) utilizing IP for strategic negotiations that could lead to closer business alliances or other business combinations with companies such as the activities recently announced with Mitsubishi Heavy Industries (MHI).
These successful relationships demonstrate variations of Xybernaut's initial licensing strategy and will continue to be employed for appropriate portions of Xybernaut IP.
Under the plan announced today, licensing is being conducted in a manner that focuses on partnering and win-win strategies that allow both Xybernaut and partner organizations to bring innovative technologies to market quickly and effectively.
Industry analysts agree that the potential market for wearable and mobile computing technologies is expected to grow significantly over the coming decade.
According to the Gartner Group Research Note, Wearing it Out: The Growth of the Wireless, Wearable World, "By 2007, more than 60 percent of the European Union and U.S. populations aged 15 and 50 will carry or wear a wireless computing and communications device at least six hours a day." The report also emphasizes a dramatic increase to 75 percent of these populations by 2010.
Parties interested in Xybernaut Dual-Use Computing Device IP and/or this licensing plan should contact Ernst Ringle directly via e-mail to ringle@dtintl.com or via telephone at 703-421-8224.
About DeltaTech International
DeltaTech International Partners, LLC is a privately held business development firm specializing in technology commercialization. Client services center on creating cost-effective and opportunistic strategies for successful intellectual property management and the transfer of technologies through licensing, joint ventures, strategic alliances, and new company start-ups.
DeltaTech was founded in 1995 and is headquartered in Dulles, Virginia. A global network of members, representatives, and affiliates support DeltaTech's international endeavors. Visit DeltaTech on the Web at www.dtintl.com.
About Xybernaut
Xybernaut Corporation is the leading provider of wearable/mobile computing hardware, software and services, bringing communications and full-function computing power in a hands-free design to people when and where they need it. Headquartered in Fairfax, Virginia, Xybernaut has offices and subsidiaries in Europe (Germany) and Asia (Japan). Visit Xybernaut on the Web at www.xybernaut.com.
Xybernaut, the Xybernaut logo and Xybernaut products are trademarks or registered trademarks of Xybernaut Corporation in the USA and other countries. All other brand and product names are or may be trademarks of, and are used to identify products or services of, their respective owners.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act").
In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act.
Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements.
Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the Company's products, general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
CONTACT: Xybernaut Corporation, Fairfax
Michael Binko, 703/631-9625
mbinko@xybernaut.com |
