Marathon Patent Group's Wholly-Owned Subsidiary Signal IP, Inc. Enters Into Settlement and License Agreement With Volvo Cars of North America, LLC

Marathon Patent Group, Inc.

("Marathon"), a patent licensing company, announced today that its wholly-owned subsidiary, Signal IP, Inc. ("Signal"), has entered into a settlement and license agreement with Volvo Cars of North America, LLC ("Volvo"). The consideration to be paid by Volvo to Signal IP and all other terms of the license agreement are confidential. Signal's U.S. Patents 5,714,927, "Method of Improving Zone of Coverage Response of Automotive Radar," 5,732,375, "Method of Inhibiting or Allowing Airbag Deployment," 6,434,486, "Technique for Limiting the Range of an Object Sensing System in a Vehicle," 6,012,007, "Occupant detection method and apparatus for air bag system," 5,463,374, "Method and apparatus for tire pressure monitoring and for shared keyless entry control," 5,954,775, "Dual Rate Communication Protocol," and 6,775,601, "Method and Control System for Controlling Propulsion in a Hybrid Vehicle," are currently being asserted against various automotive companies including American Honda Motor Co., Inc., Ford Motor Company, Audi of America Inc., Porsche Cars of America Inc., Mazda Motor of America, Inc., Mercedes-Benz USA, LLC., Fiat U.S.A. Inc., BMW of North America LLC., Subaru of America, Inc., Kia Motors America, Inc., Nissan North America, Inc., Mitsubishi Motors North America, Inc., and Jaguar Land Rover North America LLC. in the United States District Court for the Central District of California and/or the United States District Court for the Eastern District of Michigan. Shaked & Co. Law Firm represented Signal in the transaction and Liner LLP represents Signal in these Cases.