Acacia Subsidiary and Philips enter into settlement and license agreement

Oct 4th, 2010
Date Announced: 04 Oct 2010

NEWPORT BEACH, Calif. - Acacia Research Corporation (NASDAQ: ACTG) announced today that Light Transformation Technologies LLC, a subsidiary of Acacia Research Corporation, has entered into a settlement and license agreement with Koninklijke Philips Electronics N.V. The agreement resolves patent litigation, Civil Action Case No. 2:09-cv-00357, pending in the United States District Court for the Eastern District of Texas.

The patented technology in this litigation generally relates to light emitting diodes (LEDs) and, more particularly, to light transformers for efficiently directing and redistributing light from a light source.

ABOUT ACACIA RESEARCH CORPORATION

Acacia Research's subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia Research's subsidiaries control over 150 patent portfolios, covering technologies used in a wide variety of industries.

Information about Acacia Research is available at www.acaciatechnologies.com and www.acaciaresearch.com.

Contact
Acacia Research Corporation Rob Stewart, Investor Relations Tel 949-480-8300 Fax 949-480-8301

E-mail:info@acaciares.com

Web Site:

More in Company Newsfeed