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| Patent Value |
January 19, 2007 |
After years of build up and angst, the conclusion of the patent battle between NTP and Research in Motion was a bit anticlimactic: the BlackBerry giant penned a quick cheque for US$612.5 million and the whole thing went away. The dispute had put patent law under the North American public-opinion microscope, caused U.S. government leaders to worry publicly about going cold turkey on their e-mail addiction, and left the rest of our southern neighbours considering BlackBerry alternatives. It also highlighted the value and power patents have assumed in modern society. Business leaders now see that a successful product or service could grind to a halt if a patent owner claims infringement. Business can be gored, investor returns can suffer and new capital can suddenly dry up. On the other side of the legal coin, a patent and the product borne of it can power a successful business. Toronto-based Star Navigation Systems Group, for example, was awarded its first patent in 2005. Star Navigation signed approximately $17 million in orders for its In-flight Safety Monitoring System (ISMS), the first such product to combine inflight data monitoring and diagnostics with a real-time, secure satellite connection between aircraft and ground.
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