Network-1 Receives New Patent Additional Claims in Cox Portfolio

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Network-1 Technologies, Inc. (NYSE MKT:
NTIP
), a company engaged in the development, licensing and protection of intellectual property, announced today that the U.S. Patent and Trademark Office issued U.S. Patent No. 9,256,885 ("Method for Linking An Electronic Media Work To Perform An Action") to Network-1. The claims in the newly issued patent are generally directed towards methods of linking an electronic work to perform an action on a user device. The newly issued patent arises from a patent application contained in the patent portfolio (the "Portfolio") acquired by Network-1 from Professor Ingemar Cox in 2013. The Portfolio includes patents relating to enabling technology for identifying media content, such as music and videos, and taking further actions to be performed based on such identification including, among others, the insertion of advertising and the facilitation of the purchase of goods and services relating to the media content. Since the acquisition of the Portfolio, Network-1 has filed twelve additional patent applications (five of which have been issued and seven of which are pending) relating to the original specification and anticipates further issuances of additional claims for this Portfolio. Dr. Cox is currently a Professor at the University of Copenhagen and a Professor at University College London where he is Head of its Media Futures Group. Dr. Cox was formerly a member of the Technical Staff at AT&T Bell Labs and a Fellow at NEC Research Institute. In connection with the acquisition of the Portfolio, Dr. Cox provides consulting services to Network-1 with respect to the acquired patents and the related pending and future patent applications and assists in Network-1's efforts to develop the Portfolio.
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