U.S. National Academy of Sciences Appoints Patent Properties' Jay Walker to Board on Science, Technology and Economic Policy (STEP) Business Wire STAMFORD, Conn. -- January 21, 2014 Patent Properties, Inc. (OTCQB:PPRO), an intellectual property company that develops and commercializes its unique portfolio of asserts and is creating a disruptive licensing solution for the mass market of patent owners and users, today announced that Jay Walker, Executive Chairman and Lead Inventor of Patent Properties, has joined the Board on Science, Technology and Economic Policy (STEP) of the United States National Academy of Sciences. The mission of STEP is to advise federal, state and local governments and to inform the public about economic and related public policies to promote the creation, diffusion and application of new scientific and technical knowledge to enhance the productivity and competitiveness of the U.S. economy and foster economic prosperity for all Americans. “I am honored to be asked by the National Academy to help STEP in advancing American competitiveness and innovation through policies and practices that leverage scientific and technical ingenuity,” said Mr. Walker. “Innovation plays an integral role in America’s economic vitality, and, as an entrepreneur and inventor concerned about our nation’s economic future, I have a stake in seeing that the U.S. remains at the forefront of science and technology. In joining this Board of distinguished Americans, I hope to be able to contribute to STEP’s mission.” Mr. Walker is best known as the founder of Priceline.com, which brought a new level of value to the travel industry. He is also the curator and chairman of TEDMED, a global community of people from every field who are passionate about the future of health and medicine. He is 11^th on the list of the world’s most patented living inventors, named on more than 450 issued and pending U.S. and international patents. The STEP board and its committees marshal research and the expertise of scholars, industrial managers, investors and former public officials in a wide range of policy areas that affect the speed and direction of scientific and technological change and their contributions to the growth of the U.S. and global economies. Mr. Walker joins other distinguished members of the STEP board, including: Chair, Paul Joskow (Alfred P. Sloan Foundation); Ernst Berndt (MIT); Jeff Bingaman (Former U.S. Senator); Ellen Dulberger (Ellen Dulberger Enterprises LLC); Alan Garber (Harvard University); Kathryn Shaw (Stanford University); Laura Tyson (UC-Berkeley); and Hal Varian (Google Inc.). About Patent Properties, Inc.: Patent Properties, Inc. (OTCQB: PPRO) will continue to develop and commercialize its unique portfolio of intellectual property assets, which were created by Walker Digital, LLC, the research and development lab led by internationally recognized inventor and entrepreneur Jay Walker, and will also introduce a disruptive licensing solution for the mass market of patent owners and users. Mr. Walker is best known as the founder of priceline.com and has twice been named by TIME magazine as “one of the top 50 business leaders of the digital age.” All of the patents owned by the company were developed internally by Walker Digital, LLC with Jay Walker as a named inventor on all issued patents and the lead inventor on the vast majority. Additional information regarding the company can be found at www.patentproperties.com. Contact: Investor Contact for Patent Properties, Inc.: ICR Don Duffy, (203) 682-8215 or Media Contact: ICR Michael Fox, (203) 682-8218
U.S. National Academy of Sciences Appoints Patent Properties' Jay Walker to Board on Science, Technology and Economic Policy
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