Acacia Subsidiary Enters into Settlement Agreement with Wireless Matrix USA, Inc.

Published on Monday, 03 October 2011 06:06 Written by TradersHuddle Staff

NEWPORT BEACH, Calif.-( Business Wire )-

Acacia Research Corporation (Nasdaq:ACTG) announced today that its subsidiary, Telematics Corporation has entered into a settlement agreement with Wireless Matrix USA, Inc. This agreement resolves patent litigation that was pending in the United States District Court for the Northern District of Georgia.

Telematics’ patented technology generally relates to systems and methods for displaying mobile vehicle information on a map. This technology can be used in navigation and fleet management systems that combine wireless communication with GPS tracking and map displays.

ABOUT ACACIA RESEARCH CORPORATION

Acacia Research Corporation’s subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia Research Corporation’s subsidiaries control over 180 patent portfolios, covering technologies used in a wide variety of industries.

Information about Acacia Research Corporation and its subsidiaries is available at www.acaciaresearchgroup.com and www.acaciaresearch.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This news release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slowdown affecting technology companies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q, recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.

Acacia Research CorporationRob StewartInvestor RelationsTel 949-480-8300Fax 949-480-8301orMedia Contact:Lippert/Heilshorn & AssociatesAdam Handelsman, Managing This e-mail address is being protected from spambots. You need JavaScript enabled to view it.