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TeleCommunication Systems and Patent Monetization Associates, L.P. Sign Patent Agreement

Tuesday, March 18, 2014   (0 Comments)
Posted by: Lindsay Powell
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TeleCommunication Systems and Patent Monetization Associates, L.P. Sign Patent Agreement
Agreement Transfers Ownership of Certain Messaging Patents

ANNAPOLIS, Md. and JUPITER, Fla., March 17, 2014 /PRNewswire/ -- TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a world leader in highly reliable and secure mobile communication technology, and Patent Monetization Associates, L.P. (PMA), today announced that TCS and PMA have signed an agreement as part of TCS' Patent Monetization Program, whereby PMA has acquired certain patents from TCS' messaging patent portfolio. This agreement positions TCS to receive future royalties.

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