BEDFORD, Mass., Aug. 23, 2012 /PRNewswire/ -- Aware, Inc. (NASDAQ: AWRE) announced today that it has signed an agreement for the sale of selected patents and patent applications to TQ Delta, LLC for US $16,000,000, subject to customary closing conditions and any required regulatory approvals. The patents and patent applications relate to DSL technology. The sale is part of our patent management operation's efforts to sell and/or license portions of our patent portfolio. Global IP Law Group, LLC represented Aware in this transaction.
Aware is a leading software and technology supplier for the biometrics, telecommunications, and healthcare industries. Aware's biometrics software products and services are provided to solution vendors and system integrators for use by government agencies towards applications including border management, secure credentials, law enforcement, and national defense. Aware's DSL Service Assurance Group offers test and diagnostics software products that enable broadband service providers to manage their DSL networks. Aware also provides standards-based medical imaging software products to the healthcare industry. Aware is a publicly held company (Nasdaq: AWRE) based in Bedford, Massachusetts. www.aware.com
Safe Harbor Warning
Portions of this release contain forward-looking statements regarding future events and are subject to risks and uncertainties, such as estimates or projections of future revenue and earnings, the growth of the DSL service assurance and biometrics markets, and our ability to complete the patent sale referred to in this press release. Aware wishes to caution you that there are factors that could cause actual results to differ materially from the results indicat
|SOURCE Aware, Inc.|
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