MOSAID Buys AST Patents

MOSAID a well-know Canadian NPE that owns approximately 2,000 semiconductor, communications and related patents disclosed on March 3 in a regulatory filing that it acquired patents from Allied Security Trust, the defensive patent aggregator. Trust members include H-P, Google, Cisco, Verizon and other large operating companies. See statement below.

“Subsequent to quarter end, MOSAID purchased a portfolio of Power Control and Memory Management patents from Allied Security Trust of New Jersey. The portfolio consists of five U.S. patents and foreign counterparts. MOSAID received full title to the portfolio for an undisclosed non- material amount, paid immediately. Licensing revenues are not subject to revenue sharing arrangements with the seller.”