Innovation is America’s economic engine. Inventions and ideas that are born in the laboratories of researchers or garages of budding entrepreneurs can lead to new industries and powerhouse companies.
However, patents are a critical step in turning ideas into products. Patents offer years of protection that ensures innovators’ investment won’t be beaten by copycats. Patents add value, as Abraham Lincoln famously put it. “the fuel of interest to the fire of genius.”
It’s no surprise that intellectual property is so valuable. From licensing patents, universities make millions every year. Patent holders have been sued by companies for infringement and received billions of dollars in damages.
Some patents are so valuable that people and companies simply grab obscure patents (often of dubious quality) to be used as weapons to get licensing fees or damages for major corporations. These entities are often called “tech industry” by the tech industry. “patent trolls”And has established an “anti-troll”Unified Patents to contest the validity of patents
Is it possible to discern the genuine innovators from the trolls? There are two possible ways. There are two ways to find out. Do the patents have resisted the inevitable challenge of Unified Patents?
For one company, both are true.
Voip-Pal engineers (OTCQB VPLM), had a vision long before the iPhone was invented. They envisioned that text messages, telephone calls and other information could be sent over the Internet. They invented and patent all technology necessary to route calls from the Internet to other networks.
Major telecom and social media companies are using this technology, but they have not licensed the patents. Voip-Pal was created to address this issue. has suedA number of huge telecom companies were hit with billions of dollars of damages. Unified Patents attempted to invalidate Voip Pal patents but failed.
Voip Pal hopes to win the cases or settle them, proving again the tremendous value of high-quality patents.
