Patent holding firm NTP, originally founded by wireless email inventor Tom Campana, has reached a landmark agreement that will see all pending litigation between the company and 13 leading technology corporations dismissed.
According to PCWorld, NTP's most memorable interaction with the mobile marketplace was a $612.5 million patent settlement it won from BlackBerry maker Research In Motion in 2006. However, the new litigation resolution and patent licensing deal could be even more significant considering the names involved. Verizon, AT&T, Sprint and T-Mobile all agreed to the settlement alongside device manufacturers Apple, Samsung, LG and HTC and software providers Google, Microsoft and Yahoo.
"Here, you've got the entire cellphone industry, other than RIM, inking a deal at one time," NTP lead counsel Ron Epstein told the news outlet. "Traditionally, these things are done one at a time, often involving high transaction costs."
A statement provided by NTP was not clear on the financial or functional details of the "mutual resolution," but the firm's eight distinct patents related to email delivery over wireless systems were central to the proceedings.
Taken with prior agreements reached with Nokia and RIM, NTP now licenses its technologies out to just about every corner of the wireless industry. But according to All Things Digital, this latest deal could set the mold for a new model of negotiating such significant patent portfolios at volume.