UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 8, 2020
Network-1 Technologies, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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001-15288
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11-3027591
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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445 Park Avenue, Suite 912, New York, New York 10022
(Address of principal executive offices)
Registrant's telephone number, including area code: (212) 829-5770
N/A
(Former name or former address, if changed since last report.)
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
Common Stock, par value $0.01 per share
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Trading symbol
NTIP
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Name of each exchange on which registered
NYSE American
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see
General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new revised financial accounting standards provided pursuant to
Section 13(a) of the Exchange Act. ☐
On January 8, 2020, Network-1 Technologies, Inc. (the “Company”) announced that the U.S. Patent and Trademark Office issued U.S. Patent No. 10,530,575 (Systems and Methods for
“Machine-to-Machine” (M2M) Communications Between Modules, Servers, and an Application using Public Key Infrastructure (PKI)) and U.S. Patent No. 10,523,432 (Power Management and Security for Wireless Modules in “Machine-to-Machine”
Communications). The claims in the newly issued patents are generally directed towards methods of communication between Machine-to-Machine modules and servers. The newly issued patents arise from a patent application contained in the M2M/IoT
Patent Portfolio acquired by the Company in December 2017. With this latest issuance, the M2M/IoT Patent Portfolio now includes twenty-six (26) issued U.S. patents and six (6) pending U.S. patent applications, plus seven (7) additional
pending non-U.S. patent applications. A copy of the press release is attached hereto as Exhibit 99.1.
Additionally, on January 8, 2020, the Company announced that the U.S. Patent and Trademark Office issued U.S. Patent No. 10,521,470 (“Methods For Using Extracted Features To Perform An Action
Associated With Selected Identified Image”) and U.S. Patent No. 10,521,471 (“Methods For Using Extracted Features To Perform An Action Associated With Selected Identified Image”). The claims of the newly issued patents are generally directed
towards methods of content extraction and identification, including performance of actions following therefrom. The newly
issued patents arise from a patent application contained in the Cox Patent Portfolio acquired by the Company from Professor Ingemar Cox in 2013. Since the acquisition of the Cox Patent Portfolio, the Company has filed thirty-four (34)
additional patent applications, thirty (30) of which have been issued bringing the total Cox Patent Portfolio of granted patents to thirty-five (35). A copy of the press release is attached hereto as Exhibit 99.2.
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Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits