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Acacia
Background:
Acacia Technologies Group (NASDAQ: ACTG) licenses its DMT and V-Chip technologies
to media and electronics companies. Acacia acquires and licenses technology
patents to other companies. The DMT technology covers the transmission
and receipt of digital audio and digital video content, commonly known
as audio-on-demand, video-on-demand, and audio/video streaming, and is
supported by 5 U.S. and 31 foreign patents. ATG is located in Newport
Beach, Calif.
Strategy/Tactics:
Acacia is controversial, in that many believe their legal tactics are
questionable. So, INK's strategy was to raise general awareness of the
company and to give the CEO a platform for explaining why the type of
business they conduct is important and valuable amidst the controversy.
Acacia acquires patent for an inventor's idea. Then, Acacia goes to a
large company such as Direct TV and tells them to pay them money for using
their patented idea. People say they troll for patents & extort businesses
for money; however, Acacia says it protects the little guy from getting
his idea stolen from the big guy. For example, one inventor was ignored
by companies that were using his patented idea. So, Acacia came to this
inventor, signed him up and then went after the company to pursue his
money. Sometimes, Acacia negotiates and sometimes, it will file a lawsuit.
Acacia reached an agreement with many large companies. Acacia and the
inventor split the money; so, now the inventor is getting paid.
Results:
Acacia was a challenge because it primarily wanted to be covered in the
business media, but it is a very small public company. It was difficult
to get any of those business media outlets to pay attention to a small,
but interesting company. So, instead of trying to get media to do stories
on company, INK offered up Acacia's CEO as expert to comment on high profile
patent related cases that were being covered by the media, such as BlackBerry
& Ebay. He talked about what the legal rulings meant for every side
including the inventor and the business. In a period of 60 days, INK had
Acacia's CEO on CNBC three times.
ACACIA
Associated Press
CNBC
CNBC
CNBC Squawk Box
Forbes.com
Investor's Business Daily
LA Times
LA Wire
Reuters
Yahoo IBD
AP Pickups:
AP Forbes
AP The Mercury News
AP MSNBC
AP The State
AP Television
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