Multi-dimensional bar code technology, a patent held by Acacia's newly acquired VData LLC subsidiary, is used by many industries – including manufacturing, distribution, accounting and security – for tracking the movement of products, the collection of data and anti-counterfeiting.
VData is currently in patent infringement litigation with Adidas Amercia, Stamps.com, Hitachi and Advanced Micro Devices.
In addition to Acacia's initial portfolio of Digital Media Transmission patents, which the patent holder has enforced against the online adult entertainment industry, Acacia's new addition of 120 U.S. patents has broadened its target audience for licensing programs and added significantly to its revenue-making potential.
"Nokia is our first licensee of this multi-dimensional bar code technology, which represents a significant licensing opportunity for our company," Acacia Chairman and CEO Paul Ryan said. "We have now begun generating revenues from our new patent portfolios since the beginning of the year, as we continue to expand our revenue base."
In another licensing agreement based on it new patent acquisitions, Acacia entered into a non-exclusive license agreement and settled patent infringement litigation with Petco Animal Supplies over a patent that applies to credit card fraud protection.
Acacia has also licensed credit card fraud protection technology to Albertsons, The Bombay Company and HEB Grocery Co.
In Acacia's pending litigation with the Joint Defense Group, a group of 13 adult industry companies countersuing over patent infringement allegations, presiding Judge James Ware recently set a case management date for June 14.
