August 5, 2009 - General Patent Corporation (GPC), a leading US patent licensing and enforcement firm, announced today that it has licensed two patents of its client, Advanced Card Technologies LLC (ACT), to Signature Cards, LP of Richardson, TX.
"We've now licensed over 25 companies under the ACT patents," said Kathlene Ingham, GPC's Director of Licensing. "Needless to say, we are very pleased with the results we've been able to generate for our client."
Advanced Card Technologies owns US Patents Nos. 5,720,158 and 5,921,584. These patents generally relate to gift, loyalty and phone cards, as well as other card products that fall within the scope of the patents.
In addition to negotiating licensing agreements on behalf of ACT, General Patent has assisted Advanced Card Technologies in four patent infringement lawsuits related to these patents.
About Advanced Card Technologies LLC
Advanced Card Technologies (ACT) is the owner of US Patent No. 5,720,158 titled "Information Card Package" and US Patent No. 5,921,584 titled "Card Display Package". A non-exclusive license under these patents is available. For licensing terms, contact Kathlene Ingham at (845) 368-4000, x107.
About IP Holdings LLC
IP Holdings LLC, an affiliate of General Patent Corporation, is an IP-centric merchant banking organization. IP Holdings provides IP-related finance as well as IP brokerage services, and operates an idea incubator. IP Holdings is a member of AVT. For more information on IP Holdings, visit www.ip holdings.com.