Market Overview

Acacia Subsidiary Acquires Patents Relating to Oil and Gas Production Technology

Acacia Research (NASDAQ: ACTG) announced today that it has
expanded its business to include patented technologies in the energy
industry, as a subsidiary has acquired patents relating to oil and gas
production. The patents relate to solids separation technology which
addresses removal of solids from drilling fluids used in oil and gas
wells.

Acacia's CEO Paul Ryan, commented, “We see the energy industry as a
significant new market for the continued expansion of our patent
licensing business in 2013. Acacia has been very successful in
generating revenue sharing with patent owners in the technology sector.
In 2012 Acacia began to expand its business with the successful entry
into the medical technology and automotive

See full press release

Posted-In: News Guidance Financing Management M&A

 

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