Walker Digital Sells Pioneer Patents

STAMFORD, Conn.--(BUSINESS WIRE)--Walker Digital, LLC announced today that it has agreed to sell several pioneer patents.

“changing the competitive landscape of almost every industry in the world.”

Founded in 1994, Walker Digital is a research and development lab that has made fundamental contributions to many areas of technology, including electronic commerce, financial services, transaction processing, pricing, social networking and gaming. Several hundred issued and pending U.S. and foreign patents protect these inventions, with several hundred more patent applications pending. Walker Digital chairman Jay S. Walker, founder of Priceline.com and numerous other successful companies, is the lead inventor on a majority of the Company’s patents and applications. Mr. Walker has been recognized nationally and internationally as one of the world’s leading entrepreneurs—Forbes magazine describes him as an “Edison for a New Age” and favorably compares Walker Digital to Thomas Edison’s invention factory and BusinessWeek selected him as one of the 25 Internet pioneers most responsible for “changing the competitive landscape of almost every industry in the world.”

Commenting on recent developments, Jon Ellenthal, CEO of Walker Digital, stated, “I am very pleased with IPNav and the nature of their discussions with a number of parties. Hopefully, many of these discussions will conclude without the need for litigation.” IP Navigation Group Chairman, Erich Spangenberg stated, “The level of interest shown in a number of segments of the Walker Digital portfolio is extremely high. Our expectation is that Walker Digital will conclude a significant number of sales in the near term.”

About Walker Digital:

Walker Digital, LLC is the owner of several hundred U.S. and foreign patents and patent applications in diverse areas of technology. Additional information regarding Walker Digital is available at www.walkerdigital.com.

About IP Navigation Group:

IPNav’s expertise is patent monetization. Additional information regarding IPNav is available at www.ipnav.com. You can contact IPNav at [e-mail], by telephone at [phone] or through their website.