Quest Patent Research Corporation (OTC: QPRC) is making a spectacular move up from a start point in triple zero land to multiple pennies. The stock has quickly attracted a fast growing shareholder base that has transformed QPRC into a volume leader.
QPRC is a hot ticket as word gets out that they are currently suing Amazon, Asus Tek, Loius Vuitton, Micheal Kors, Kyocera International, TCT Mobile International and Shenzen Oneplus Science & Technology for patent infringement. The Company recently won settlements using the same patents against Texas Instruments, STMicroelectronics, Huawei Technologies, MediaTek and ZTE Corporation.
Quest Patent Research Corporation (OTC: QPRC) is a New York City based Intellectual Property Asset Management Firm. Quest is incorporated in Delaware (1986), listed on the OTC Bulletin Board, and traded under the symbol QPRC. Quest creates shareholder value through investment and management interests in intellectual property assets, such as patents, trademarks, copyrights, novel inventions and trade secrets. Through its business, shareholders have the opportunity to participate across a broad portfolio of dynamic assets in the burgeoning intellectual property space. The Company provides IP asset owners and stakeholders – including inventors, law firms, estates, small businesses and corporations – with a valued resource for protection, management and monetization of IP assets.
Quest partners with owners and affiliates of compelling intellectual property, in both mature and emerging market technologies, to develop and execute a strategic program focused on realizing the full economic value of the IP. Quest offers a suite of value-added services to owners, IP attorneys, small businesses, and corporations to drive revenue from innovative, distressed, dormant or under-managed IP assets.
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Invention, protection and commercialization of IP require a deep understanding of dynamic technologies, market fundamentals, competitive landscapes, and engagement strategies. Often IP asset owners/stakeholders lack the requisite resources, experience and/or capacity to access the latent value of their IP assets and opportunities. Quest works with asset owners to develop a cohesive monetization strategy focused on aligning the interests of, and driving returns to, all stakeholders.
According to the lawsuit against Amazon “Amazon has infringed and is continuing to infringe the Patents-in-Suit by making, using, selling, offering to sell, and/or importing, and by actively inducing others to make, use, sell, offer to sell and/or importing, products that utilize SoCs and associated software that performs DCVS or DVFS for power management. These products include tablets, TV content streaming devices and “smart speakers.” Examples of such SoCs include Qualcomm Snapdragon 805 and 8064 chips, TI DM3725, OMAP 4430, 4460 and 470 chips and Amlogic 905 chip. Such Amazon products include at least the Amazon FireTV, Fire TV Gen 3, Fire HDX 8.0, Amazon Echo, Kindle Fire, Kindle Fire HD, Kindle Fire HD 8.9. Additionally, Amazon sells similar third party products including the Xiaomi RedMi Note 4. Further, these Amazon products include software that utilizes DCVS and/or DVFS for power management.”
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Currently trading at a $1 million market valuation QPRC has $4.6 million in current liabilities and significant revenues reporting $6,205,635 in sales for the 3 months ended June 30, 2018. Quest is a really exciting New York based Intellectual Property Asset Manager currently suing Amazon, Asus Tek, Loius Vuitton as well as some other big names with a number of recent won settlements using the same patents against Texas Instruments, STMicroelectronics, Huawei Technologies, MediaTek and ZTE Corporation. We will be updating on QPRC when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with QPRC.
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Disclosure: we hold no position in QPRC either long or short and we have not been compensated for this article.