iPEL Doubles Its Capital To $200 Million In Preparation for Expanding Its Patent Portfolio and International Enforcement Campaigns

PASADENA, Calif., Nov. 28, 2018 /PRNewswire/ -- iPEL, Inc. announced today that it has secured an additional $100 million in capital, bringing its total capital raise to $200 million USD. Although iPEL remains committed to its Ethical NPE^TM principles, the marketplace has largely rejected iPEL's good faith offer to have amicable prelitigation discussions regarding a license to its entire worldwide patent portfolio under predefined, haggle-free terms. As a result, iPEL is increasingly required to rely on the courts to hold infringers accountable.

To date, iPEL has filed ten patent infringement lawsuits in China against AsusTek, and within the next week, several dozen new lawsuits will be filed in China against four additional companies, including prominent "household" names. Each of these companies was approached by iPEL and rejected iPEL's invitation to hold an amicable prelitigation licensing discussion. Dozens of additional companies have chosen to be equally dismissive of iPEL's attempts at dialogue and will soon face litigation in China and other jurisdictions.

With its additional capital, iPEL will continue its ongoing efforts to acquire high value patents in key countries, including China, Germany, and the United States. A public patent buying program will be launched in early 2019, which will solicit offers for patents covering specific industry sectors where iPEL wishes to expand its current portfolio's coverage, including technologies in the automotive, gaming, internet of things (IOT), cryptography, digital rights management (DRM), and network security areas. As an all-cash buyer, iPEL has been able to acquire high quality patents and will continue to expand throughout 2019.

As promised, iPEL will honor its published licensing rates through the end of 2018. Companies wishing to purchase a license at those rates must express their good faith desire to do so by December 31, 2018. Thereafter, iPEL will adjust its licensing rates to reflect the increased value of its expanded patent portfolio and successful litigation outcomes.

Unless operating companies modify their policies towards prelitigation licensing, iPEL expects to file a significant number of infringement lawsuits against a large number of companies. The additional capital provides iPEL the luxury of controlling and funding its litigations, retaining outstanding legal and technical talent, and maintaining its resolve in litigation.

Learn more about iPEL at www.ipel.com.

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SOURCE iPEL, Inc.