Press Releases

GPC Marks 20th Year as a Leading IP Organization

Suffern, NY - December 21, 2007 - General Patent Corporation (GPC), a leading intellectual property (IP) firm headquartered in Suffern, New York, marks its 20th anniversary this year.

Founded in 1987 by Alexander Poltorak as a patent licensing and technology transfer organization, GPC has since grown into a leading, full service IP management company.

"Patents are the currency of the knowledge-based economy," said Alexander Poltorak, GPC's Chairman and CEO. "We help our clients to leverage their patent portfolio and generate tangible results from intangible assets. We create wealth from their wealth of ideas."

GPC provides IP audit and valuation, IP analysis and strategy, IP portfolio mining and management, technology transfer and IP licensing, as well as other IP consulting services, to domestic and foreign businesses, universities, institutional investors and individual inventors.

GPC's affiliate, General Patent Corporation International (GPCI), the premier contingency patent licensing and enforcement organization, has been successfully enforcing the IP rights of independent inventors and small companies who might have otherwise been unable to benefit from the results of their ingenuity. The efforts of GPCI have netted millions of dollars for inventors, which championed the cause of independent inventors in their "David vs. Goliath" battle.

Amongst its accomplishments of the last five years, GPC has successfully enforced many patent portfolios, including:

* the award winning Acticon Technologies portfolio related to smart connectors (Acticon now has 146 licensees);
* the Advanced Card Technologies (ACT) portfolio relating to phone and gift cards (ACT now has 24 licensees);
* the Moen Technologies patents related to debit- platform interactive telecommunications;
* the Forward Technologies patent related to remote call forwarding;
* the Scieran Technologies patents related to eye surgery devices;
* the Trounson Automation patent related to control systems for multi-axis milling machines;
* the Upstream Technologies patent for truck cap windows;
* the Zip Clip patents for hair curlers; and
* the Digital Technology Licensing patent related to digital wireless communications.

Another affiliate of GPC, IP Holdings LLC, is an IP- centric merchant banking organization that provides IP- related finance and IP brokerage services. IP Holdings operates an idea incubator that invests in promising innovative technologies and incubates valuable IP portfolios for future licensing. Among IP Holdings' portfolio companies, is Ryogen LLC, a genetic start up that owns a valuable portfolio of gene- related patents.

GPC's principals, Alex Poltorak and Paul Lerner, also published their second book, "Essentials of Licensing Intellectual Property."

"Intellectual property is the single most valuable and yet most undervalued asset class in today's economy," says Alexander Poltorak. "The value and competitive advantage it affords will continue to grow with time," he concluded.

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Advanced Card Technologies Settles Patent Lawsuit with UV Color, Licenses its Patents to Several Other Companies

General Patent Represented Advanced Card Technologies in These Transactions

Suffern, NY - November 28, 2007 - Advanced Card Technologies LLC (ACT) announced today that it has settled its patent infringement lawsuit against UV Color, a plastic card manufacturer located in Minneapolis, MN, and licensed its patents to several other companies in the plastic card industry. General Patent Corporation (GPC), a leading patent licensing and enforcement firm headquartered in Suffern, New York, represented ACT in the licensing transactions.

The lawsuit, originally filed in September 2006 in the Western District of Oklahoma (5:06 CV 957), alleged infringement of ACT's U.S. Patent Nos. 5,720,158 and 5,921,584 (Patents) by breakaway plastic card products bearing magnetic stripes, such as phone cards and gift cards. As part of the settlement, UV Color and its sister companies, Plastag Corporation and Lucas Color Card, took a license under the Patents.

"We are pleased to have finally settled our case against UV Color," said Paul Lerner, GPC's General Counsel. "We can now focus our licensing efforts on others."

Other companies that have recently licensed the ACT Patents include Allegheny Plastics of Leetsdale, PA, Card USA of Hollywood, FL, and Custom Plastic Card of Pompano Beach, FL.

ACT's U.S. Patent Nos. 5,720,158 and 5,921,584 generally relate to gift, loyalty and phone cards. GPC, the manager and exclusive licensing agent for ACT, has successfully represented ACT in 22 licensing transactions and 3 lawsuits related to the Patents.

About Advanced Card Technologies LLC

Advanced Card Technologies (ACT) of Suffern, NY is the owner of U.S. Patent Nos. 5,720,158 titled "Information Card Package" and 5,921,584 titled "Card Display Package". A non-exclusive license under these patents is available. For licensing terms, contact Kathlene Ingham at (845) 368-4000, x107.

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Ryogen Gets Patent on Soluble Aminopeptidase Gene

Suffern, NY, October 29, 2007 - Ryogen LLC announced today that it has been awarded a patent by the U.S. Patent and Trademark Office for the soluble aminopeptidase P gene.

US Patent No. 7,273,718, entitled "Isolated Genomic Polynucleotide Fragments from Chromosome 10q25.3 that Encode Human Soluble Aminopeptidase P", was issued on September 25, 2007 (the "Patent").

The Patent covers an isolated genomic polynucleotide fragment that encodes human soluble (cytosolic) aminopeptidase P, vectors and hosts containing the fragment and fragments hybridizing to noncoding regions, as well as antisense oligonucleotides to these fragments, and methods of using these fragments to obtain human soluble aminopeptidase P to diagnose, treat, prevent and/or ameliorate a pathological disorder.

"I am very gratified that the US Patent Office awarded us this patent," said Dr. James W. Ryan, the inventor and Chief Scientist of Ryogen. "Soluble aminopeptidase P, a near-ubiquitous enzyme, is over-expressed in a wide range of solid tissue cancers. It is postulated to play roles in the metabolism of bradykinin, substance P and proline-rich collagen-derived peptides. This patent provides means of defining in detail operations of the gene that encodes the enzyme and the coding and noncoding variants that affect gene transcription and then translation. Clearly, there is now a sound basis for defining roles of the gene and the enzyme in cancer progression."

The Patent is an important addition to the Ryogen patent portfolio, which includes the previously issued U.S. Patent No. 6,399,349, entitled "Human Aminopeptidase P Gene" and patent applications in various stages of consideration by the US Patent Office.

"Ryogen has successfully licensed the Human

Aminopeptidase P Gene patent to several companies, supplying the research communities with reagents," said Valeria Poltorak, Ryogen's Executive Vice President. "We are planning to license the newly issued Patent, and make this gene widely available for research so as to promote the development of genetic testing and treatment," she concluded.

About Ryogen LLC

Ryogen LLC, headquartered in Suffern, NY, is a genomic start-up and a portfolio company of IP Holdings LLC, an idea incubator also located in Suffern, NY. In addition to U.S. Patents Nos. 6,399,349 and 7,273,718, Ryogen owns an important IP portfolio pertaining to the human genome. Those inventions are directed to genes of lipoprotein-associated phospholipase A2, Snare YKT6, glucokinase, adipocyte enhancer binding protein, POLD2 polymerase, SMS3, Phemx (TSSC6), TSSC4, HASH2, ribosomal protein L26, MDM2, carboxypeptidase D, carboxypeptidase M, RhoC, retinol binding protein, resistin, syntaxin and the CD81 antigen.

For further information on Ryogen contact Valeria Poltorak, Ryogen LLC, Montebello Park, 75 Montebello Road, Suffern, NY 10901; telephone: (845) 368-4000 x111; or e-mail: valeria@ryogen.com.

About IP Holdings LLC

IP Holdings LLC is an idea incubator with a focus on patent commercialization. For further information on IP Holdings contact IP Holdings LLC, Montebello Park, 75 Montebello Road, Suffern, NY 10901; telephone: (845) 368-4000; e-mail: info@ip-holdings.com or visit www.ip-holdings.com.

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Acticon Technologies Settles Patent Infringement Suit with Heisei

Court Recommends Permanent Injunction Against Lycom and Advance Creative Computer Corp.

SUFFERN, NY, October 16, 2007 - General Patent Corporation (GPC), a leading patent licensing and enforcement firm, has achieved another victory in its campaign to enforce a portfolio of "smart connector" patents owned by its subsidiary, Acticon Technologies LLC (Acticon).

GPC announced today that Acticon has settled its patent infringement lawsuit against Heisei Electronics Co., Ltd. of Taiwan and Heisei USA, LLC of Azusa, CA (Heisei). Acticon brought suit against Heisei and two other defendants in the U.S. District Court for the Southern District of New York (Case No. 06 Civ 4316). Heisei ultimately agreed to settle the lawsuit and to take a license under the patents.

The other defendants - Lycom Technology, Inc. and Advance Creative Computer Corp., both of Taiwan - failed to answer the Complaint, and a default judgment was entered against them. After an inquest on damages, the Magistrate Judge recommended compensatory damages, treble damages due to willfulness, pre-judgment interest, attorneys' fees and costs, and a permanent injunction barring these defendants from selling the infringing products in the U.S.

"We are pleased that Heisei has taken a license," said Paul Lerner, Sr. Vice President and General Counsel for GPC. "Unfortunately, the other defendants chose to ignore not only our entreaties to take a license, but the Court's order to appear and defend themselves. While we realize that a permanent injunction is a very serious matter, we felt that all other possible remedies had been exhausted."

Acticon's "smart connector" patents cover specific aspects of PC cards and other "smart connector" devices used in mobile computer communications, networking, and instrumentation control. GPC has successfully represented Acticon in 26 lawsuits and one hundred forty-five licensing transactions related to these patents.

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Alexander Poltorak Speaks on Patent Valuation at the IP Finance and Valuation Conference in New York

Suffern, NY - September 26, 2007 - Alexander Poltorak spoke on Patent Valuation at the IP Finance and Valuation Conference in New York last week. In his talk, Alex described a methodology he had developed for patent valuation, which includes:

* Valuing patent portfolios as monopolies;
* Valuing a patent in the portfolio;
* Risk adjusted patent valuation;
* Rules of thumb for patent value;
* Patent yield; and
* Decision tree analysis.

Alex Poltorak stated in his presentation that recent court decisions have considerably lowered the value of all patents. "If Congress passes the Patent Reform Act of 2007, it will further severely devalue patents," he concluded.

If you are interesting in receiving his PowerPoint presentation, please contact Alex at apoltorak@generalpatent.com and he will be happy to email it to you.

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Acticon Technologies Settles Patent Infringement Suit with Margi Systems

Suffern, NY - February 13, 2007 - General Patent Corporation (GPC), a leading patent licensing and enforcement firm, has achieved another victory in its campaign to enforce a portfolio of "smart connector" patents owned by its subsidiary, Acticon Technologies LLC (Acticon). GPC announced today that Acticon has settled its patent infringement lawsuit against Margi Systems, Inc. of Fremont, CA (Margi), a subsidiary of Harman International Industries (Harman).

Acticon brought suit against Margi and several other defendants in the U.S. District Court for the Northern District of California (Case No. 5:06CV-4679). Margi's parent company, Harman, ultimately agreed to settle, and to take a license and pay past damages on the patents-in-suit.

"We are very pleased to have Harman International as a licensee," said Paul Lerner, Sr. Vice President and General Counsel for GPC. "We can now focus our attention on the remaining defendants in the lawsuit," he added.

Acticon's "smart connector" patents cover specific aspects of PC cards and other "smart connector" devices used in mobile computer communications, networking, and instrumentation control. GPC has successfully represented Acticon in 25 lawsuits and one hundred forty licensing transactions related to these patents.

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GPC Subsidiary Acticon Technologies Settles Patent Infringement Suit with Mace Group, Inc. d/b/a Macally Peripherals

SUFFERN, NY, March 20, 2007 - General Patent Corporation (GPC), a leading patent licensing and enforcement firm, has achieved another victory in its campaign to enforce a portfolio of "smart connector" patents owned by its subsidiary, Acticon Technologies LLC (Acticon). GPC announced today that Acticon has settled its patent infringement lawsuit against Mace Group, Inc. d/b/a Macally Peripherals of Irwindale, CA (Macally).

Acticon brought suit against Macally and several other defendants in the U.S. District Court for the Northern District of California (Case No. 5:06CV-4679). Macally ultimately agreed to settle the lawsuit.

"We are happy to have settled with Macally," said Paul Lerner, Sr. Vice President and General Counsel for GPC, "and we can now focus our attention on the remaining defendants in the lawsuit."

Acticon's "smart connector" patents cover specific aspects of PC cards and other "smart connector" devices used in mobile computer communications, networking, and instrumentation control. GPC has successfully represented Acticon in 25 lawsuits and one hundred forty-two licensing transactions related to these patents.

About Acticon Technologies

Acticon Technologies LLC, a wholly owned subsidiary of General Patent Corporation, is a computer connectivity and communications technology company based in Suffern, NY. Acticon's award-winning smart connector technology is based on U.S. Patent Nos. 4,543,450 ("Integrated Connector and Modem") (now expired), 4,603,320 ("Connector Interface") (now expired), 4,686,506 ("Multiple Connector Interface") (now expired), and 4,972,470 ("Programmable Connector").

Acticon Technologies offers non-exclusive licenses under the '470 patent. For licensing terms, contact Kathlene Ingham at (845) 368-4000, x107. For more information on Acticon visit www.acticontech.com.

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General Patent Licenses ACT Patents to Jet Lithocolor, Several Other Companies

SUFFERN, NY, March 7, 2007 - Advanced Card Technologies LLC (ACT) has recently licensed its patents related to phone and gift cards to Jet Lithocolor, a commercial printer headquartered in Downers Grove, IL. General Patent Corporation (GPC), a leading patent licensing and enforcement firm headquartered in Suffern, New York, represented ACT in this transaction.

Other companies that have recently licensed the ACT patents include CPI Card Group of Littleton, CO and Las Vegas, NV; The Electric Colourfast Printing Co. of Ontario, Canada; Diamond Graphics of St. Louis Park, MN; Teraco, Inc. of Midland, TX; Trivista Plastics of Naperville, IL; Performance Printing of Dallas, TX; and Proteus Printing of Hiawatha, IA.

"We were pleased to extend licenses to Jet Litho and the other licensees," said Kathlene Ingham, GPC's Director of Licensing, "and we look forward to licensing the remaining companies in the industry."

ACT's U.S. Patent Nos. 5,720,158 and 5,921,584 generally relate to gift, loyalty and phone cards with magnetic stripes that are connected to and detachable from a carrier. GPC has successfully represented ACT in 16 licensing transactions and 2 lawsuits related to these patents.

About Advanced Card Technologies LLC

Advanced Card Technologies (ACT) of Suffern, NY is the owner of U.S. Patent Nos. 5,720,158 entitled "Information Card Package" and 5,921,584 entitled "Card Display Package". A non-exclusive license under these patents is available. For licensing terms, contact Kathlene Ingham at (845) 368-4000, x107.

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Ryogen Licenses Human Aminopeptidase P Gene Patent to Invitrogen

Suffern, NY - January 10, 2007 - Ryogen LLC, headquartered in Suffern, NY, announced today that the company has entered into a nonexclusive license agreement with Invitrogen Corporation (NASDAQ: IVGN), headquartered in Carlsbad, CA, whereby Invitrogen has licensed from Ryogen the patent directed to the clinically important Aminopeptidase P gene.

The US Patent No. 6,399,349 titled "Human Aminopeptidase P Gene," which is the subject of the License Agreement, covers the XPNPEP2 gene sequenced by Dr. James Ryan, Chief Scientist of Ryogen LLC. XPNPEP2 codes for the membrane-bound aminopeptidase P (AmP). This protein is a significant marker for hypertension, angioedema, rejection of kidney transplants, certain tumors and other diseases. The patent covers the cDNA and gDNA sequences encoding AmP, a method of producing recombinant AmP, diagnostics for detecting AmP abnormalities, and prevention and treatment of medical conditions, associated with the mutation of the AmP gene.

"We are happy to extend a license under the AmP Patent to Invitrogen," said Valeria Poltorak, Ryogen's Executive Vice President. "We look forward to working with Invitrogen on making this discovery available to the research community," she concluded.

About Ryogen, LLC

Ryogen, LLC is a genetic company that is the owner of United States Patent No. 6,399,349 titled "Human Aminopeptidase P Gene" as well as 17 patent applications. Patent applications currently pending before the US Patent and Trademark Office are directed to other genes, playing important roles in various cancers, diabetes and obesity, hepatitis C, atherosclerosis, Alzheimer's and several other diseases. Ryogen is a portfolio company of IP Holdings LLC, an idea incubator headquartered in Suffern NY. Ryogen offers nonexclusive licenses under the AmP patent and patent applications to the research community on attractive terms. For licensing terms, contact Valeria Poltorak, Ryogen's Vice President, at (845) 368-4000 ext. 111. For more information about Ryogen visit www.ryogen.com.

IP Holdings LLC (IPH) is an idea incubator affiliated with General Patent Corporation (GPC), a leading patent licensing firm (www.generalpatent.com). IPH invests in, develops, incubates, and assists in the commercialization of novel and promising technology, with a particular emphasis on the development and protection of intellectual property. For more information about IPH visit www.ip-holdings.com.

For further information on Ryogen, IP Holdings and GPC, contact Ryogen LLC, Montebello Park, 75 Montebello Road, Suffern, NY 10901-3740; telephone: (845) 368-4000 x111; e-mail: valeria@ryogen.com.

Ryogen, LLC

Company Website: http://www.ryogen.com

For More Information Contact:
Valeria Poltorak
Vice President
email: valeria@ryogen.com
voice: (845) 368-4000 x111

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Alex Poltorak Speaks on Valuation of Settlement Proposals at the Conference on Patent Damages in Philadelphia

Suffern, NY - November 17, 2006 - Alex Poltorak moderated a panel discussion on "Industry Perspectives on Patent Damages Including the Damages Component of Settlement Negotiations" at a conference on "Calculating & Proving Patent Damages" in Philadelphia last month, which was organized by Law Seminars International.

Alex also gave a talk on the Valuation of Settlement Positions. If you are interesting in receiving his PowerPoint presentation, please contact Alex at apoltorak@generalpatent.com and he will be happy to email it to you.

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