- Quest delivers financial, strategic and legal resources for IP monetization
- 2019 has been a productive year for Quest with six active licensing programs and 23 or more current litigations
- Quest’s strong, diversified portfolio includes 115 patents across 11 IP portfolios in a variety of markets
New York City-based intellectual property (IP) asset management company Quest Patent Research Corp. (OTCQB: QPRC) continues to deliver strong revenue growth while offering shareholders the opportunity to participate in a broad portfolio of dynamic assets (http://ibn.fm/F7BHS). In a recent interview with NetworkNewsAudio, Quest President and CEO Jon Scahill detailed the company’s focus on creating a liquid marketplace for innovation while protecting the underlying intellectual property.
“From patent prosecution, drafting, as well as issued patents, we’re pretty involved throughout the lifecycle of the invention,” Scahill stated in the interview (http://ibn.fm/LkXUU). “We pride ourselves on helping to sustain a liquid marketplace for innovation, helping investors with compelling inventions bring those to market, or finding other exit strategies.”
Quest’s commitment to helping owners monetize compelling IP can be found in a recently filed infringement case relating to the iPhone’s payments technology. The lawsuit, filed April 12 against Apple Inc. through Quest’s majority-owned and controlled subsidiary, Quest NetTech, alleges willful and deliberate infringement involving a universal financial data system technology currently in Quest’s portfolio (http://ibn.fm/hNWd2). The case is pending in the U.S. District Court for the Eastern District of Texas; Case No. 2:19-cv-00118-JRG.
As an intellectual property asset management company that delivers financial, strategic and legal resources for IP monetization, Quest partners with inventors, businesses, corporations and law firms to fully realize the value of IP assets through its suite of value-added services. Along the course of building a strong, diversified portfolio, Quest recorded $7 million in patent licensing fees in 2018.
The company currently owns, controls or manages over 115 patents across 11 intellectual property portfolios. Quest began trading on the OTCQB Venture Market in May 2019, which Scahill said in a news release (http://ibn.fm/2qvAZ) was “an exciting milestone for QPRC.”
For more information, visit the company’s website at www.QPRC.com
NOTE TO INVESTORS: The latest news and updates relating to QPRC are available in the company’s newsroom at http://ibn.fm/QPRC