Marathon Patent Group Receives a Favorable Ruling from USPTO
LOS ANGELES, CA -- (Marketwired) -- 02/01/16 -- Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon" or the "Company"), a patent licensing company, announced today that, on January 29, 2016, the Patent Trial and Appeal Board ("PTAB") of the United States Patent and Trademark Office ("USPTO") issued a final decision upholding the patentability of certain asserted claims of Marathon subsidiary Clouding Corp.'s U.S. Patent No. 5,944,839 ("'839 patent") that were challenged by EMC Corporation in the inter partes review ("IPR"), IPR2014-01309.
The PTAB ruled: "..., we conclude that Petitioner has not shown by a preponderance of the evidence that any of claims 6, 8, and 14 of the '839 patent is unpatentable."
"We are pleased with the USPTO's decision denying EMC Corporation's petition," said Doug Croxall, Founder and CEO of Marathon Patent Group. "This ruling continues to demonstrate the value of our proprietary process to assess, value, and acquire high quality patent assets that have the potential of generating meaningful return on investment for both the Company and its shareholders."
The '839 patent is directed to a system and method for automatic maintenance of a computer system and has been asserted against EMC Corporation and VMWare, Inc. in Clouding IP LLC v. EMC Corporation et al. (DED 1-13-cv-01455).
Clouding Corp. was represented by the Ascenda Law Group at the PTAB proceedings.
About Marathon Patent Group
Marathon is a patent acquisition and monetization company. The Company acquires patents from a wide-range of patent holders from individual inventors to Fortune 500 companies. Marathon's strategy of acquiring patents that cover a wide-range of subject matter allows the Company to achieve diversity within its patent asset portfolio. Marathon generates revenue with its diversified portfolio through actively managed concurrent patent rights enforcement campaigns. This approach is expected to result in a long-term, diversified revenue stream. To learn more about Marathon Patent Group, visit www.marathonpg.com.
Safe Harbor Statement
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Marathon Patent Group
Source: Marathon Patent Group
Released February 1, 2016