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Revenues have skyrocketed up over ONE MILLION Dollars and 387% in the last reported 9 month period
-Texas Instruments Incorporated
-LG Electronics, Inc
-Charles Schwab & Co. Inc
-Garden Shows Production
Prior patent litigation cases against Delta Airlines, Continental Airlines, Sun Country Airlines, Southwest Airlines, Bulova, ePrize, Primedia, and Overstock.com ended positively for the company.All of those lawsuits were resolved prior to trial and in each of those cases the parties entered into a mutually agreed arrangement as a means to resolve the litigation.
No dilution, with an agreement to have it's litigation financing provided for Quest Patent Research Corporation (QPRC) also has a credit facility with United Wireless Holdings Inc. through which it can borrow up to $1 million for working capital. Creating shareholder value and increasing the share price are a driving force for CEO Jon Scahill who stated that the company was "always actively seeking high quality assets to add to our portfolio and.... that the majority of our current assets have yet to throw off cash" as he preps the company for future profits down the road.
Quest Patent Research Corporation (QPRC) owns or has a proceeds interest in 21 patents and 4 pending applications. Its patents cover a number of technologies including mobile payments, mobile data, online promotions, packaging, semiconductor, and rich media internet applications.
Quest Patent Research Corporation (QPRC) has entered in 17 licensing agreements in 2015 and 32 since inception. here are some of the licencees that the company has worked with among others:
The A Team
Citrus World, Inc.
Sun Country Airlines
Landmark Communications, Inc.
MM Holding LLC
Val-Pak Direct Marketing Systems, Inc.
B&G Foods, Inc.
Coty US, LLC
Crabtree & Evelyn
Trans World Entertainment, Inc.
Vermont Teddy Bear Co., Inc.
A major US auto manufacturer and distributor
Additionally, two major companies in the airline industry, a major movie studio, a major publisher, a major promotion/integrated marketing services company and a significant online entertainment portal are licensed.
Quest Patent Research Corporation (QPRC) receives consulting fees for its services as well as a percentage of licensing royalty revenues generated from the licensing of Balthaser Online’s patented technology.
Balthaser Online Inc. is one of the world's most acclaimed and respected online technology and development companies. It launched its first online design system in 2000 and was awarded a ground-breaking patent for its technology in 2006. Among Balthaser's clients are Mac|Life (their Tablet Edition iPad app, created by B3, raced to the number one spot in Apple's iPad app store in just three days), Charles Schwab, Wyeth Pharmaceuticals, and Restoration Hardware. More information about the company can be found at http://www.balthaser.com.Quest Patent Research Corporation (QPRC) services look to be in demand, the outlook looks good with 1078 new patent cases filed in the US in the 3rd quarter of 2016 alone and an estimated 6032 cases for the year 2016
More about Quest Patent Research Corporation (QPRC)
Quest Patent Research Corporation (QPRC) generates revenues from three sources:
- Patent licensing fees relating to their intellectual property portfolio, which includes fees from the licensing of our intellectual property, primarily from litigation relating to enforcement of our intellectual property rights.
- Management fees, which they receive for managing structured licensing programs, including litigation, related to their intellectual property rights.
- Licensed packaging sales, which relate to the sale of licensed products
Quest Patent Research Corporation owns outright or has a majority share in the following:
Quest Licensing Corporation (NY)
Wynn Technologies, Inc. Quest Licensing Corporation (NY) Quest Licensing Corporation (DE) (wholly owned) Quest Packaging Solutions Corporation (90% owned)
Quest Nettech Corporation (wholly owned)
Semcon IP, Inc. (wholly owned)
Mariner IC, Inc. (wholly owned)
IC Kinetics, Inc. (wholly owned)