New York City-based intellectual-property, asset-management company Quest Patent Research’s (OTCQB: QPRC) wholly owned subsidiary Semcon IP Inc. recently resolved all claims and disputes by and between Semcon IP Inc. and AsusTek Computer Inc. relating to Semcon’s Power Management Portfolio. A recent article discussing the company reads, “In May 2018, Semcon brought a patent infringement action in the United States District Court for the Eastern District of Texas against AsusTeK Computer Inc. for infringement of certain of the Power Management Portfolio, alleging that ‘Asus has infringed and is continuing to infringe the Patents-in-Suit by making, using, selling, offering to sell, and/or importing, and by actively inducing others to make, use, sell, offer to sell and/or importing, products that utilize SoCs and associated software that perform DCVS or DVFS for power management, including Qualcomm Snapdragon SoCs including at least the Snapdragon 800, 820 and 821 SoCs. Such Asus products include at least the Zenfone 3 Ultra, Zenfone 3 Deluxe, Zenfone AR, Zenpad 3 and Padfone X smartphones and tablets. Additionally, these Asus products include software that utilizes DCVS and/or DVFS for power management.’ A copy of the complaint is available at (http://ibn.fm/eAq6o). . . . The Supplemental Mediators Report, filed with the court on Nov. 18, 2019, states that ‘a settlement has been reached as to all claims by and between Plaintiff Semcon IP, Inc. and Defendant AsusTek Computer Inc. This case is now settled.’ A copy of the mediator’s report is available at (http://ibn.fm/k97QB).”
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About Quest Patent Research Corp.
Quest Patent Research operates as an intellectual-property, asset-management company delivering financial, strategic and legal resources for IP monetization. The company partners with inventors, businesses, corporations and law firms to fully realize the value of IP assets through its suite of value-added services. Quest currently owns, controls or manages more than 115 patents across 11 intellectual property portfolios. Quest trades on the OTCQB Venture Market for early-stage and developing U.S. and international companies. For more information, visit the company’s website at www.QPRC.com.
NOTE TO INVESTORS: The latest news and updates relating to QPRC are available in the company’s newsroom at http://ibn.fm/QPRC
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