QPX qpsx limited

Telstra Deal

  1. 7,520 Posts.
    lightbulb Created with Sketch. 381
    QPX TLS - ASX Company Announcement
    21 May 2002
    Part 1/1

    HOMEX - Perth
    Media Release Partners with Telstra on Intellectual Property

    Leading technology commercialisation company QPSX Ltd (ASX: QPX)
    today announced a new partnering arrangement with Telstra that
    provides QPSX with the licensing rights to parts of Telstra's
    research patent portfolio.

    The agreement with Telstra's research and development group, Telstra
    New Wave Pty Ltd (TNW), grants QPSX the licensing rights to a
    portfolio covering 3 technologies, including 19 patents in 10
    countries. Additional pending patent applications relating to other
    technologies will be added to the portfolio as they are granted.

    "Outsourcing of patent portfolio licensing by corporations such as
    Telstra and other research institutions is common practice
    internationally. QPSX is the market leader in assisting holders of
    intellectual property rights (IPR) realise maximum value from their
    portfolios and represents the emergence of a new asset class in this
    region," William Holden, QPSX Commercialisation Manager, said.

    QPSX and Telstra will share the proceeds of license revenues
    generated from licensing the technologies.

    "QPSX is well placed to advance Telstra's commercial licensing
    capability. Our track record in generating millions of dollars in
    license royalties speaks for itself," Mr Holden said.

    The worldwide market for licensing Intellectual Property (IP)
    represented some US$150 billion last year and is forecast to grow at
    more than 30 per cent annually over the next five years.

    He said much of the investments which companies have made in research
    are lying dormant or being used exclusively for defensive purposes,
    rather than for generating new revenues. This highlighted the
    strategic outsourcing opportunity that QPSX is addressing by
    partnering with Telstra.

    "In today's environment where companies have cut costs to the bone,
    intellectual property represents the single largest opportunity to
    generate bottom line profits," Mr Holden said. "IP commercialisation
    is the hidden treasure just waiting to be discovered in every company
    and research institution that invests in research and development,"
    he added.

    Telstra is leading the way in transforming IP strategy for the Asia
    Pacific region, as companies realise the value of their IP asset base
    and seek to create new value through licensing.

    TNW General Manager, Chris Rowles, said "the decision to partner with
    QPSX is a reflection of Telstra's determination to secure maximum
    value for our investment in technology development. With QPSX's
    impressive record in IP management, we're confident that QPSX will be
    able to progress commercial licensing opportunities for these patents
    with new and existing technology users from around the world."

    The Telstra partnership adds to the significant IP portfolio that has
    already been assembled by QPSX. The portfolio includes the company's
    'Segmentation and Reassembly' (SAR) technology for which a licensing
    program was initiated last year in Europe. After securing an early
    global license deal with Ericsson, QPSX continues its negotiations
    with leading European users of the SAR technology, including major
    telecommunications vendors.

    "We are very pleased to be partnering with Telstra, with its
    impressive team, reputation and rich portfolio of technologies," Mr
    Holden said. "Companies like Telstra are increasingly seeking to
    exploit the revenue generating benefits that IP provides, beyond
    viewing IP as purely a defensive asset."


    QPSX's focus is the profitable commercialisation of a range of
    technologies on a global basis. QPSX works with research institutions
    and companies across the Asia Pacific to capture value in such
    technologies. This value is realised by QPSX's licensees and
    commercial partners through products that shape the future within
    their global markets.


    Telstra New Wave (TNW) Pty Ltd is the commercialisation arm of
    Telstra Research Laboratories. It aims to bridge the gap between an
    R&D prototype that proves the technology and a commercially
    supported, market ready product. TNW also looks for opportunities to
    develop new business opportunities for Telstra, leveraging the
    technical expertise of Telstra's research program and Telstra's

    Further Information: Graham Griffiths
    QPSX Ltd
    Tel: 08 9381 9518
    Mobile: 0412 294 802
    Email: graham.griffithsqpsx.com
    Website: http://www.qpsx.com

    ends - AAP

watchlist Created with Sketch. Add QPX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.