ContentGuard Granted Nine New Digital Rights Management Patents

       ContentGuard Granted Nine New Digital Rights Management Patents

PR Newswire

EL SEGUNDO, Calif., July 9, 2013

EL SEGUNDO, Calif., July 9, 2013 /PRNewswire/ --ContentGuard Holdings, Inc.
(or "ContentGuard"), a subsidiary of Pendrell Corporation (NASDAQ: PCO)
announced today that it has been granted nine new patents since March 2013 for
its digital rights management (DRM) technologies. The nine patents granted
include four in the United States, two in Japan, and three patents in Europe,
South Korea, and China.These new inventions apply to a variety of audio,
video and e-publishing digital delivery techniques that use DRM for content
protection. These nine new patents coupled with sixteen additional patents
announced in March 2013 brings the number of patents in ContentGuard's
intellectual property portfolio to 306, with an additional 160 patent
applications pending worldwide.

"The universe of devices which rely on digital rights management technologies
to deliver protected content continues to grow exponentially," commented Rob
Mechaley, chief scientist for Pendrell. "With these latest inventions added to
its intellectual property portfolio, ContentGuard remains at the forefront of
innovation in delivering DRM solutions to consumer electronics manufacturers
worldwide."

Information regarding ContentGuard's technology, intellectual property and
patent portfolio can be found at www.contentguard.com.

ABOUT CONTENTGUARD

ContentGuard is a leading inventor, developer and licensor of digital rights
management (DRM) and related content distribution patents and technologies.
ContentGuard's intellectual property (IP) portfolio features 297 patents and
169 pending patent applications worldwide. ContentGuard currently has
licensing agreements in place with leading technology companies, including
Casio, Fujitsu, Hitachi, LG Electronics, Microsoft, NEC, Nokia, Panasonic,
Pantech, Sanyo, Sharp, Sony, Technicolor, Time Warner, Toshiba, and Xerox.
ContentGuard is jointly owned by Pendrell Corporation and Time Warner, Inc.
(NYSE: TWX). For more information about ContentGuard and its licensing
programs, visit www.contentguard.com.

ABOUT PENDRELL

Pendrell Corporation, through its subsidiaries, is a fully integrated
intellectual property (IP) investment, advisory services and asset management
firm. Pendrell seeks to invest in or acquire companies or assets that
represent unique, foundational intellectual property rights with outstanding
growth potential. Pendrell is headquartered in Kirkland, Washington, with
offices in Berkeley, Los Angeles and Washington, DC. For more information,
visit www.pendrell.com.

SOURCE Pendrell Corporation

Website: http://www.pendrell.com
Website: http://www.contentguard.com
Contact: Christopher Doherty, Pendrell Corporation, 425-278-7102,
christopher.doherty@pendrell.com