Military vet battles government over intellectual property –
BETHESDA, MARYLAND – Snipp Interactive Inc. (TSX VENTURE: SPN) (“Snipp”), an international provider of marketing promotions, rebates, rewards and loyalty solutions listed on the TSX Venture Exchange, is pleased to announce that it has appointed Mr. Michael J. Cannata onto its board of directors.
Mr. Cannata is a business strategist and serial entrepreneur with seven start-ups to his credit and senior management experience across a vast array of industries including office products, telecommunications, medical devices, system management software, web-based financial services software and patent brokerage and advisory services. In particular, Mr. Cannata has deep expertise in the field of intellectual property and has been elected to the IAM Strategy 300 list of World Leading IP Experts every year since the inception of the program in 2009.
“We are very excited that Mike has agreed to be on our board,” said Atul Sabharwal, CEO of Snipp Interactive. “In addition to having highly relevant experience starting and growing companies, his expertise in IP will be invaluable to us as we strengthen and deepen our products and technology. As we continue to scale Snipp, we can only benefit from his cross-industry entrepreneurial and board experiences.”
Mr. Cannata is currently Partner and Co-founder at Patent Monetization Inc. (PMI), one of the first specialist patent brokerage firms in North America. PMI has sold over 400 patent assets for its clients and today provides patent brokerage services, strategic patent advisory services and patent litigation management services to its clients… [view full press release]
Patent Monetization Inc’s principals have again been named to the IAM Strategy 300 – The World’s Leading IP Strategists. Michael Cannata has been named to this highly respected and influential list since its inception in 2009, while Paul Cannata has made the list for the second straight year. You can view our profiles here.
The world’s top IP value creators are named in new edition of market-leading publication
London (11/06/2015) – The world’s leading IP strategists are named today in the online edition of a unique guide published by Intellectual Asset Management (IAM). IAM Strategy 300: The World’s Leading IP Strategists lists individuals that in-depth research has shown to possess world class skills in the development and roll-out of strategies that maximise the value of patent, copyright, trademark and other IP rights.
IAM researchers in the United States, Europe and Asia spoke to a wide range of senior corporate IP managers, as well as third-party IP service providers, in order to identify these IP leaders: men and women whose business is the creation, development and deployment of strategies that enable IP owners to gain maximum value from their portfolios. Only those individuals nominated multiple times by different parties as outstanding IP strategists are listed in the IAM Strategy 300.
For the first time, the 2015 edition of the IAM Strategy 300 includes individuals that work at operating companies. This reflects the growing importance that businesses across the world attach to having in-house IP value creation expertise, alongside the legal expertise that has traditionally characterised in-house IP functions. Notably, there is now an emerging group of senior corporate IP leaders that are not lawyers by training, but instead have backgrounds in other disciplines.
Alongside the operating company listees, the IAM Strategy 300 also features individuals on which the guide has always focused: third-party service providers. These too have a wide range of professional backgrounds and areas of specialisation, including: brokering, defensive patent aggregation, finance, insurance, management consultancy, the law, licensing, mergers and acquisitions, tax and valuation. They are based in centres across the world. A number have been involved in IP-related transactions valued in the hundreds of millions, or even billions, of dollars; while others have advised clients on monetisation strategies that have reaped eight, nine and 10-figure sums.
“As in previous years, we have dedicated significant editorial and research resources to ensuring we identify only world class IP strategists, so we are confident that all those named in the IAM Strategy 300 2015 fully merit the recognition that they have received,” says IAM editor Joff Wild. “With intellectual property now central to the success of so many companies across the globe, we are delighted that this publication has become the recognised source of reference for those seeking to identify the world’s leading IP strategists. What’s more, we believe that the roles all those named in the IAM Strategy 300 play is only going to increase in importance over the coming years. We salute each and every one of them.”
Michael J. Cannata Named for 4th straight year as one of the World’s Leading IP Strategist in the IAM 300
Toronto, June 9, 2011 – In Washington DC today, the Supreme Court of the United States has ruled unanimously in favor of i4i in the long‐running i4i v Microsoft patent infringement lawsuit. The Supreme Court did not accept Microsoft’s request to lower the standard of proof, for challenges to the validity of a properly issued patent, from clear and convincing evidence to a preponderance of evidence. As a result of this decision, i4i has won its patent infringement case against Microsoft. At trial the jury ruled in favor of i4i and awarded $200 million in damages (now upwards of $300 million with enhancements and interest). The Honorable Judge Leonard Davis entered judgment on the verdict and issued a permanent injunction against Microsoft.
Loudon Owen, Chairman of i4i, says, “Microsoft tried to gut the value of patents by introducing a lower standard for invalidating patents. It is now 100% clear that you can only invalidate a patent based on “clear and convincing” evidence.” Owen adds, “This is one of the most significant business cases the Court has decided in decades. Affirmation of the Federal Circuit on a ruling in favor of patent holders is virtually unprecedented. While this ruling maintains the prevailing standard, the innovation community must be ever‐vigilant to defend its property rights.”
Michel Vulpe, founder of i4i and co‐inventor, says, “This has been a 16‐year journey with a clearly defined purpose – to build a world leader in managing data. It is an important stepping stone for i4i and we can now continue to build our company the way we intended.” Vulpe adds, “Our army was small but mighty and we are grateful to our team, partners, investors, legal counsel, those who filed amici briefs, and everyone supporting the rights of patent holders. Naturally, we are particularly appreciative of our shareholders who continue to support us.” i4i’s legal team includes WilmerHale, McKool Smith, Finnegan Henderson, and Sterne Kessler.
In March 2007, i4i sued Microsoft for willful infringement of its patent. On May 20, 2009, the jury found i4i’s patent to have been willfully infringed, and ordered Microsoft to pay damages to i4i. On August 11, 2009, the Honorable Judge Leonard Davis issued a final judgment against Microsoft that included (a) an award of damages in excess of $290 million USD to i4i (including enhanced damages, interest and post‐ verdict damages), and (b) a permanent injunction, which took effect on January 11, 2010. Microsoft unsuccessfully appealed to the Federal Circuit Court of Appeals in late 2009, and also unsuccessfully sought a rehearing in early 2010. This was the largest patent infringement judgment ever upheld by the Federal Circuit. The case was heard by the eight Associate Justices of the Supreme Court of the United States on April 18, 2011.
i4i is a global technology company headquartered in Toronto, Canada. For more information on i4i v. Microsoft, selected court documents can be found on www.i4iLP.com.
For further information, please contact:
Loudon Owen – email@example.com or 416‐307‐3271
Melony Jamieson – firstname.lastname@example.org or 416‐518‐6355
A real-life David and Goliath story played out in the U.S. Supreme Court Thursday when the high court upheld a previous ruling that tech heavyweight Microsoft pay $290 million to a Canadian software company for patent infringement… [ read full article ]
Michael J. Cannata Named for 3rd straight year as one of the World’s Leading IP Strategists