Acacia Subsidiary Obtains Rights to Patents for Dynamic, 3-D Modeling Used in Energy Resource Exploration and Production
Acacia Research Corporation (NASDAQ: ACTG) announced today that a
subsidiary has obtained rights to one issued U.S. patent and U.S. and
foreign patent applications relating to methods and systems for
performing dynamic, 3-D geological and geophysical modeling used in oil
and gas exploration and production.
"As Acacia and its subsidiaries licensing success grows, an increasing
number of technology companies are selecting us as their partner for the
licensing of their patented technologies," commented Matt Vella, Acacia
CEO. "Acacia is rapidly becoming the leader in technology licensing and
we continue to grow our base of future revenues by adding new patent
portfolios," concluded Mr. Vella.
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