TranSwitch to Sell Patents

TranSwitch Corporation retains Drakes Bay Company to sell selected telecommunications patent families

August 1, 2012

1 Min Read

SHELTON, Conn. -- TranSwitch® Corporation (TXCC) today announced that the Company has retained Drakes Bay Company LLC a leading patent brokerage firm, to sell selected TranSwitch patent families. The TranSwitch patent families relate to Wide Area and Local Area Networking, DSL, and Ethernet Semiconductor and Systems Technologies. 77 US patents, 39 US patent applications and 32 international patents and applications will be offered for sale. TranSwitch will retain use licenses for these patents enabling the continued sale of legacy telecom products.

“Over the past two decades TranSwitch has built a vast portfolio of patent families addressing widely adopted telecommunications technologies. As the company shifts its focus to the HD video connectivity market these patents no longer serve our long term business strategy; however, they are a valuable and marketable asset which can be further utilized to increase our working capital,” said Ali Khatibzadeh, President and CEO of TranSwitch. “Drakes Bay Company has a proven track record of executing multi-million dollar IP sales and we look forward to working with them. Excluding the patents we have identified for sale, TranSwitch maintains an industry-leading portfolio of patents related to our strategic HD video business and we will continue to invest in expanding our IP position.”

“We are very pleased to be selected by TranSwitch to sell these assets,” said Joseph W. Jennings, Drakes Bay Company LLC, President. “The TranSwitch portfolio has very strong priority dates and forward citations and should garner considerable interest. We look forward to marketing these patent families.”

TranSwitch Corp. (Nasdaq: TXCC)

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