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Allied Security Trust

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(October 2017) (Learn how and when to remove this message)

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

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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 acatch and release strategy. AST does not litigate.[2]

Members

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Allied Security Trust public members in 2023, include

  • Avaya
  • Adobe
  • Cisco
  • Dolby
  • Google
  • IBM
  • Intel
  • Meta
  • Microsoft
  • Oracle
  • Philips
  • Salesforce
  • ServiceNow
  • Snap
  • Sony
  • Spotify
  • Uber
  • Verizon

Executives

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  • Russell Binns, Jr., CEO[3]
  • Andrew Hopkin, CFO[3]
  • Mihir Patel, VP, Technology & Analytics
  • Ray Strimaitis, VP, Corporate Development & Global Strategy

See also

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References

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  1. ^"Scott Moritz, "Big Tech gets Legal Aid in the Patent Wars"".Money.cnn.com. Archived fromthe original on 2011-06-06. Retrieved15 October 2017.
  2. ^"Joff Wild, IAM Magazine, "Why Sinking Markets Could Mean Real Opportunities for Patent Acquirers and Licensees", October 7, 2008".Iam-magazine.com. Retrieved15 October 2017.[permanent dead link]
  3. ^ab"Homepage - Allied Security Trust".Allied Security Trust. Retrieved15 October 2017.

External links

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Retrieved from "https://en.wikipedia.org/w/index.php?title=Allied_Security_Trust&oldid=1212578639"
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