Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

Acacia Subsidiary Partners with Owner of Patent Portfolio for Oil and Gas Production Technology



  Acacia Subsidiary Partners with Owner of Patent Portfolio for Oil and Gas
  Production Technology

Business Wire

NEWPORT BEACH, Calif. -- February 1, 2013

Acacia Research Corporation (Nasdaq: ACTG) announced today that a subsidiary
has obtained rights to a patent portfolio relating to oil and gas production
and will share licensing revenue with the patent owner. The portfolio
comprises 4 US and 27 foreign patents that relate to polymer based drilling
fluids which are widely used in the drilling of oil and gas wells.

Acacia’s CEO Paul Ryan, commented, “We see the energy industry as a
significant new market for the continued expansion of our patent licensing
business in 2013. Acacia plans to continue this expansion and partner with
patent owners who have developed new technological advances in all areas of
the energy industry.”

ABOUT ACACIA RESEARCH CORPORATION

Acacia Research Corporation’s subsidiaries partner with inventors and patent
owners, license the patents to corporate users, and share the revenue. Acacia
Research Corporation’s subsidiaries control 250 patent portfolios, covering
technologies used in a wide variety of industries.

Information about Acacia Research Corporation and its subsidiaries is
available at www.acaciaresearchgroup.com and www.acaciaresearch.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995

This news release contains forward-looking statements within the meaning of
the “safe harbor” provisions of the Private Securities Litigation Reform Act
of 1995. These statements, including those of Paul Ryan relating to the energy
industry as a significant new market for expansion and Acacia’s plans to
continue partnering with patent owners in the energy industry, are based upon
our current expectations and speak only as of the date hereof. Our ability to
become the licensing partner for patent owners in the energy industry, and our
ability to grow our base of future revenues by adding new patent portfolios
within the energy industry may differ materially and adversely from that
expressed in any forward-looking statements as a result of various factors and
uncertainties, including the ability to identify and secure patent partners in
the energy industry, the ability to successfully develop licensing programs
and attract new business within the energy industry, the recent economic
slowdown affecting technology companies, rapid technological change in
relevant markets, changes in demand for current and future intellectual
property rights, legislative, regulatory and competitive developments
addressing licensing and enforcement of patents and/or intellectual property
in general, and general economic conditions. Our Annual Report on Form 10-K,
recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports
on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important
risk factors that may affect our business, results of operations and financial
condition. We undertake no obligation to revise or update publicly any
forward-looking statements for any reason.

Contact:

Acacia Research Corporation
Rob Stewart
Investor Relations
Tel (949) 480-8300
Fax (949) 480-8301
or
Media Contact:
SpecOps Communications
Adam Handelsman
President & Founder
(212) 518-7721
adam@specopscomm.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement