DALLAS, Sept. 29, 2016 /PRNewswire/ -- Securus Technologies, a leading provider of civil and criminal justice technology solutions for public safety, investigation, corrections and monitoring announced that its unique patent licensing strategy has given it access to an additional 60 patents and technology from competitors in addition to its existing portfolio of 248 pending and issued patents.
"Since 1996, we have negotiated and executed 19 different patent license agreements with 17 different competitors – a group that represents over 95% of the revenue generated in the outbound inmate calling sector," said Richard A. ("Rick") Smith, Chief Executive Officer and Chairman of the Board of Securus Technologies. "This list includes Global Tel Link (GTL) twice, i.e., they had multiple agreements with us that spanned a decade."
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 competitors' 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 approximately 30 additional patents per year routinely and extending that over the next decade gives the licensee another 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 facility customers benefit as well. All of this is true except for one (1) competitor, 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. On a combined basis, I estimate that the both of us have spent in excess of $40 million fighting about patents in the last two (2) years – clearly money that can be put to better uses. But I do not expect to let up on that litigation – we will outspend and out-patent them. 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 300 product management and information technology development associates and contractors 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/securus-bilateral-patent-license-agreements-allow-facilities-to-share-technology-developed-and-bring-more-products-to-correctionslaw-enforcement-quicker-300336813.html
SOURCE Securus Technologies, Inc.