Most recently, the patent license agreements that Securus has negotiated contained these provisions:
- "Patent Peace" forever, i.e.; no future lawsuits;
- Full access to the Securus patent portfolio by our competitors and we get access to our competitor's patents as well;
- All future patents (pending and not yet filed) are covered, i.e.; embracing the notion of "Patent Peace" forever.
"With the above criteria that we have – both parties to the licensing agreement get benefit now – and forever," said Smith. "We file 20 to 30 additional patents per year routinely and extending that over the next decade gives the licensee another 200 to 300 patents that they and their customers get benefits and value from, for NO ADDITIONAL COST – and that is important. This works both ways," said Smith. "Securus also gets access to future developments of our competitors – so we both develop and we both benefit – and our customers benefit as well. All of this is true except for GTL, we attempted to bring them into the technology and patent sharing partnership, but they decided they did not want to participate – and took a costly litigation route with us. This is a shame – but it is their choice and they WILL NOT get the benefits of what we and others are developing for sure," Smith stated.
"We have approximately 250 product management and information technology development Associates at Securus that are potential inventors – so the big patent machine just keeps rolling along here. Do I mind letting others use what we have developed? Absolutely not – we have patent license agreements and that is what we promised and it keeps inmates, friends/family members, corrections, law enforcement and all of society safer. It is good for all of us," concluded Smith.
ABOUT SECURUS TECHNOLOGIES
Headquartered in Dallas, Texas, and serving more than 3,450 public safety, law enforcement and corrections agencies and over 1,200,000 inmates across North America, Securus Technologies is committed to serve and connect by providing emergency response, incident management, public information, investigation, biometric analysis, communication, information management, inmate self-service, and monitoring products and services in order to make our world a safer place to live. Securus Technologies focuses on connecting what matters®. To learn more about our full suite of civil and criminal justice technology solutions, please visit SecurusTechnologies.com.
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SOURCE Securus Technologies