OTI Retains Global IP Law Group
ROSH PINA, Israel, Jun 17, 2013 (GLOBE NEWSWIRE via COMTEX) -- On Track Innovations Ltd. ("OTI") OTIV today announced that it has partnered with Global IP Law Group, LLC to explore the potential of OTI's intellectual property portfolio.
OTI's engineers have built an intellectual property portfolio that consists of more than two dozen U.S. issued and pending patents as well as numerous patents outside the U.S., including Israel, Europe and Asia. The portfolio covers various technologies such as Near Field Communications (NFC), contactless payments, secure IDs (ePassports, eVisas and security cards) and municipal parking management.
Global IP Law Group will analyze our patent portfolio from legal, technical, and financial perspectives. OTI will use this analysis to determine a long-term plan of action to create the most value for shareholders.
Global IP Law Group, LLC is a law firm that specializes in all aspects of monetizing patents. Since its founding, Global IP has sold more patents for more money than any other entity. They have also secured hundreds of licenses to clients' patented technologies through conventional licensing and litigation.
"OTI is a leader in NFC and contactless technology. Retaining Global IP is part of our strategy to protect and realize the potential of our IP portfolio to further grow sales, build partnerships and maximize shareholder value," said Ofer Tziperman, OTI's CEO.
ROSH PINA, Israel, Jun 17, 2013 (GLOBE NEWSWIRE via COMTEX) -- On Track Innovations Ltd. ("OTI") OTIV today announced that it has partnered with Global IP Law Group, LLC to explore the potential of OTI's intellectual property portfolio.
OTI's engineers have built an intellectual property portfolio that consists of more than two dozen U.S. issued and pending patents as well as numerous patents outside the U.S., including Israel, Europe and Asia. The portfolio covers various technologies such as Near Field Communications (NFC), contactless payments, secure IDs (ePassports, eVisas and security cards) and municipal parking management.
Global IP Law Group will analyze our patent portfolio from legal, technical, and financial perspectives. OTI will use this analysis to determine a long-term plan of action to create the most value for shareholders.
Global IP Law Group, LLC is a law firm that specializes in all aspects of monetizing patents. Since its founding, Global IP has sold more patents for more money than any other entity. They have also secured hundreds of licenses to clients' patented technologies through conventional licensing and litigation.
"OTI is a leader in NFC and contactless technology. Retaining Global IP is part of our strategy to protect and realize the potential of our IP portfolio to further grow sales, build partnerships and maximize shareholder value," said Ofer Tziperman, OTI's CEO.