Network-1 Solidifies Patent Validity; Launches Audit Against Cisco
- Recent key decision by Patent Office on a Network-1 patent helps to solidify a major revenue stream.
- Company quietly launched an audit on Cisco's royalty payments. Based on preliminary audit findings, Network-1 "believe[s] there will be additional royalties due".
- Audit could positively impact revenue projections by of several million over the patent's life.
- There is a total lack of coverage and analysis of these developments in the investment world.