Acacia Subsidiaries Sign License Agreement, Settle Litigation, Acquire Patent
Friday, December 07, 2007; Posted: 09:47 AM

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(financialwire.net via COMTEX) -- S | charts | news | PowerRating -- December 7, 2007 (FinancialWire) Contacts Synchronization Corp., a subsidiary of Acacia Resear ch Corp. (NASDAQ: ACTG), has entered into a license agreement with Sprint Nextel (NYSE: S | charts | news | PowerRating) for rights to practice United States Patent No. 7,072,687 in connection with the settlement of Sprint Nextel's part in a patent infringement lawsuit. Terms of the agreement are confidential.

Acacia's subsidiary Telematics Corp. has settled litigation against @Road Inc. that was pending in the United States District Court for the Northern District of Georgia. The Telematics technology generally relates to systems and methods for displaying mobile vehicle information on a map. This technology can be used in navigation and fleet management systems that combine wireless communication with GPS tracking and map displays.

The company's Acacia Patent Acquisition Corp. has acquired patents for allocating funds in spending accounts. This patented technology generally relates to systems and methods for allocating funds in authorized financial spending accounts. This technology may be used in products such as Internet-related purchase accounts and pre-paid credit accounts.

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