Allied Security Trust
 | This article needs additional citations for verification. (October 2017) |
Allied Security Trust (AST) is an independent, not-for-profit cooperative that provides its members with a method of mitigating the risk of patent assertions and litigation.
Business
[edit]Each member contribute to the operating expense of the trust, and hold funds in escrow for the purchase of patents. Each member's escrow funds are used for the purchase of only those patents that they are interested in.[1] The members involved in the purchase are then licensed to the patents. After a certain period of time, the patents are sold or donated. This is known as a catch and release strategy. AST does not litigate.[2]
Members
[edit]Allied Security Trust public members in 2023, include
- Avaya
- Adobe
- Cisco
- Dolby
- IBM
- Intel
- Meta
- Microsoft
- Oracle
- Philips
- Salesforce
- ServiceNow
- Snap
- Sony
- Spotify
- Uber
- Verizon
Executives
[edit]- Russell Binns, Jr., CEO [3]
- Andrew Hopkin, CFO[3]
- Mihir Patel, VP, Technology & Analytics
- Ray Strimaitis, VP, Corporate Development & Global Strategy
See also
[edit]References
[edit]- ^ "Scott Moritz, "Big Tech gets Legal Aid in the Patent Wars"". Money.cnn.com. Archived from the original on 2011-06-06. Retrieved 15 October 2017.
- ^ "Joff Wild, IAM Magazine, "Why Sinking Markets Could Mean Real Opportunities for Patent Acquirers and Licensees", October 7, 2008". Iam-magazine.com. Retrieved 15 October 2017.[permanent dead link]
- ^ a b "Homepage - Allied Security Trust". Allied Security Trust. Retrieved 15 October 2017.