QUEST PATENT RESEARCH CORP

QUEST PATENT RESEARCH CORP is an intellectual property asset management company. Its main activities involve acquiring, licensing, and enforcing intellectual property rights that it either owns or controls, directly or through its wholly-owned subsidiaries. The company currently owns, controls, or manages twenty-four intellectual property portfolios. Of these, it is actively pursuing or may pursue monetization for seven, primarily consisting of patent rights. To generate revenue as part of its intellectual property asset management, QUEST PATENT RESEARCH CORP or the intellectual property owner it represents has initiated, and expects to continue initiating, patent infringement lawsuits and engaging in patent infringement litigation. The company anticipates that its primary revenue source will be from granting licenses to use its intellectual property, particularly licenses granted as part of settling patent infringement lawsuits. Intellectual property monetization involves generating revenue and proceeds from licensing patents, patented technologies, and other intellectual property rights. Patent litigation has been a necessary component of this monetization for the company, as it seeks to protect patent rights against the unlicensed manufacture, sale, and use of its or its clients' patented technologies or products incorporating them. The company generally aims to monetize patent rights through structured licensing and, when necessary, enforcement through litigation. To date, all of its patent license revenues have resulted from litigation. QUEST PATENT RESEARCH CORP plans to grow its business by acquiring intellectual property rights, either through direct ownership or exclusive licenses.