QPRC’s M-Red Begins Litigating Patents Recently Received from IV

May 2, 2019

M-Red Inc., a subsidiary of publicly traded Quest Patent Research Corporation (QPRC), has begun to assert in litigation the first of nearly 50 US assets received from Intellectual Ventures LLC (IV) this past March. The NPE accuses Acer (2:19-cv-00143) and MediaTek (2:19-cv-00141) of infringing three patents generally related to measuring and/or adjusting for temperature and voltage fluctuations in an integrated circuit. As RPX reported just last week, QPRC disclosed in its recent 10-K that it entered into an agreement with IV on March 15, under which it will distribute 50% of net proceeds of the M-Red patents to IV as long as QPRC generates revenue from the portfolio. QPRC also reports having paid IV $75K for the portfolio, “treated as an advance against distributions [sic] the first distributions of net proceeds payable to IV”.

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