QPX TLS - ASX Company Announcement
$tel4 THIS IS A PRIORITY ITEM
21 May 2002
Part 1/1
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QPSX LIMITED
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HOMEX - Perth
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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
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
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
business.
Further Information: Graham Griffiths
CHIEF EXECUTIVE OFFICER
QPSX Ltd
Tel: 08 9381 9518
Mobile: 0412 294 802
Email: graham.griffithsqpsx.com
Website: http://www.qpsx.com
ends - AAP
QPX
qpsx limited