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Securus Successfully Defends United States Patent Before Patent Trial and Appeal BoardDALLAS, Dec. 2, 2016 /PRNewswire/ -- Securus Technologies, a leading provider of civil and criminal justice technology solutions for public safety, investigation, corrections and monitoring, announced today that it has received another significant win from the Patent Trial and Appeal Board (PTAB) related to a patent invalidation filing by Global Tel*Link (GTL). Despite GTL's contentions that this patent should be totally invalidated, the court sided with Securus on many significant elements of the Biometric Identity Verification patent. Summary of Patent:
"We were pleased that the Patent Trial and Appeal Board viewed these key elements/claims as being valid and they again ruled in Securus' favor," said Richard A. Smith, Chairman and Chief Executive Officer of Securus Technologies. "We had another win from the PTAB on US Patent No. 8,929,525, the Video Patent, just one (1) day earlier. "Ultimately, we enjoy significant advantages over GTL in Issued Patents, Pending Patents, In-Force Patents, and our Patent Win-Loss Record – and we have license agreements with most significant carriers in our sector including two (2) previous license agreements that GTL had with Securus over a ten (10) year period," said Smith. "This advantage is material and will last for the foreseeable future given our acquisitions and advanced development efforts. The "Patent Related Metrics" that I referred to are provided below in this Press Release."
"GTL has filed twenty three (23) patent invalidations against Securus and has only been successful on invalidating four (4) patents to date. My estimate is that they have spent over $20 million in that effort including patent litigation – so not a very good return on that money for them," said Smith. "At that rate, they will have to spend in excess of $200 million attempting to invalidate all of our patents and fighting with us – and that effort clearly will likely not be successful – but I encourage them to try. A more prudent approach would be to have a license agreement with Securus – from my perspective that is the best business case for them with the highest NPV (Net Present Value). I expect that this IPR invalidation process will continue for a long time – 5 to 10 years, and I am prepared to stick with it and expect to eventually prevail." ABOUT SECURUS TECHNOLOGIES Logo - http://photos.prnewswire.com/prnh/20100831/DA57799LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/securus-successfully-defends-united-states-patent-before-patent-trial-and-appeal-board-300372369.html SOURCE Securus Technologies, Inc. |