General Patent Corporation Signs a Licensing Deal with Tokyo Electron

SUFFERN, N.Y., June 8, 1999 - General Patent Corporation (GPC) has entered into a license agreement with Tokyo Electron Ltd. with respect to GPC's Connector Interface Patent. This basic "smart connector" patent (U.S. Patent No. 4,603,320) broadly covers electronic connectors with embedded intelligence including certain computer communications devices in PCMCIA form-factor.

"So far, we have licensed our patents to many manufacturers in the US," said Alexander Poltorak, GPC's Chairman and CEO. "We are pleased to welcome Tokyo Electron, a Japanese company, as our first overseas licensee."

The licensed patent, owned by Acticon Technologies LLC, a division of General Patent Corporation, is a part of a portfolio of patents related to smart connectors, PC Card modems and other PCMCIA communication devices. Acticon Technologies has successfully licensed these patents to such industry leaders as IBM, Motorola, Xircom and many others. Several patent infringement lawsuits brought by GPC to enforce its proprietary rights were settled by the defendants by licensing GPC's patents. These patents are available for a non-exclusive license from Acticon Technologies on favorable terms.

GPC is an intellectual property management firm specializing in patent licensing, patent enforcement, international technology transfer, IP portfolio management, strategic alliances and other IP related services. GPC offers its services to R&D firms, academic institutions, as well as private inventors.