Terabeam Sells Two Patents for $2.5M
Terabeam Inc., a developer and supplier of Mesh, WiMAX, Wi-Fi and Millimeter Wave wireless products and solutions, has sold two of its patents for $2.5 million. As part of the sale, Terabeam and its subsidiaries received a license to continue to make and sell its products generally in the ordinary course of business, subject to certain limitations.
Robert Fitzgerald, Terabeam’s CEO, commented: “We are pleased that we were able to monetize some of our assets in a manner which we believe will not adversely impact the continued operation of our business. This purchase validates the value of our patent portfolio. After the sale of these two patents, we still have over 130 patents with numerous patent applications pending.”
