Renesas Electronics and Acacia Research Strengthen Their Patent Partnership Alliance

  RenesasElectronicsand AcaciaResearchStrengthen Their Patent Partnership
  Alliance

Collaboration of Japanese High-TechCompanies with U.S. Patent Licensing
Leader isa New Trend in Japanese Patent Monetization

Business Wire

TOKYO & NEWPORT BEACH, Calif. -- July 3, 2014

Acacia Research Corporation (http://acaciaresearch.com/)(NASDAQ:ACTG)
announced today that Renesas Electronics Corporation
(http://am.renesas.com/)(TSE: 6723), a premier supplier of advanced
semiconductor solutions, and Acacia, a leader in patent licensing, have agreed
to a new phase intheirstrategic patent licensing alliance. Pursuant to this
new agreement, Acacia willreceivebroad andlengthyaccess to the worldwide
patentportfolio of Renesas Electronics.

“We are veryexcitedabout thisnew and strengthened
strategicrelationshipbetweenthese two leading companies,” said Matthew
Vella,CEOof Acacia Research Corporation. “In this new agreement,Acacia will
enjoy considerableflexibility and latitude in licensingthe expansivepatent
portfolio of Renesas. This is going to greatly benefit both companies
foryears to come.”

The head of Acacia’s Tokyo Office, Hiro Seki, Sr. VP & GM Asia, said, “This is
a great honor for Acacia and isproof that we are regarded as a
valuablebusiness partner to Renesas. I am extremely pleasedthat Acaciahas
successfully met the sensitivebusiness needs of ourJapanese partner
resulting in this new and enhanced strategic patent licensing agreement.”

ABOUT ACACIA RESEARCH CORPORATION

Founded in 1993, Acacia Research Corporation (NASDAQ: ACTG) is the industry
leader in patent licensing. An intermediary in the patent marketplace, Acacia
partners with inventors and patent owners to unlock the financial value in
their patented inventions. Acacia bridges the gap between invention and
application, facilitating efficiency and delivering monetary rewards to the
patent owner.

For more information, visit: 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 Matthew Vella relating to
receiving broad and lengthy access to the Renesas patent portfolio, along with
the latitude to license the same portfolio, are based upon our current
expectations and speak only as of the date hereof. Our ability to ensure
continued access to the Renesas patent portfolio and our success in licensing
this broad portfolio, including our ability to grow our base of future
revenues from access to the Renesas patent portfolio may differ materially and
adversely from that expressed in any forward-looking statements as a result of
various factors and uncertainties, including the extent to which Acacia can
identify patent portfolios of sufficient quantity and quality which have
substantial economic life and which cover technological advances that are
prevalent in the relevant markets, the ability to successfully develop
licensing programs based on specific Renesas patent portfolios, 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:

Investor Relations:
Acacia Research Corporation
Rob Stewart
949-480-8300
rs@acaciares.com
or
Media:
SpecOps Communications
Adam Handelsman
President & Founder
212-518-7721
Acacia@SpecOpsComm.com
 
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