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Patent Rights Group Inc. Acquires Patent and Trademark Portfolio as Part of a $45 Million Dollar Receivership of Manufacturing Company in the Transportation Industry(July 03, 2012)
TORONTO, ONTARIO -- (Marketwire) -- 07/03/12 -- Patent Rights Group Inc. of Toronto Canada (PRG) Announced Today its Subsidiary has acquired a large group of Patents and Trademarks of a North American Manufacturer and Distributor of Transportation related products.
This portfolio will provide PRG two forms of future revenue, one by way of licensing and the other by way of litigation. According to published GDP statistics, the North American Road Transportation Industry is worth $136 Billion in the US and $23.8 Billion in Canada each year.
"These assets are especially valuable because of the tremendous number of licensing prospects in this very large Industry sector," said Tony Canapini, CEO of PRG, "and by acquiring this portfolio, it keeps PRG on track with its aggressive patent acquisition strategy launched earlier this year."
PRG is actively identifying manufacturers, distributors and retailers throughout the Transportation Industry that are interested in licensing these newly acquired rights. PRG will focus on North American Manufacturer's and Distributor's since the products are of high quality and industry dealers are already familiar with these brand names.
About Patent Rights Group Inc.
Founded in Toronto, Canada, Patent Rights Group Inc. is an intellectual property management company that buys, sells, licenses, and defends patents. We focus on inventors, entrepreneurs, small and medium sized businesses, non-profit enterprises, and innovation labs in Canada and the US. Our markets include, but are not limited to Manufacturing, Mobile/High Tech, Health Care, and Green Energy. Please visit www.patentrightsgroup.com for more details.
Patent Rights Group Inc.
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