|By Marketwired .||
|April 21, 2014 09:28 AM EDT||
LOS ANGELES, CA -- (Marketwired) -- 04/21/14 -- Marathon Patent Group, Inc. (OTCQB: MARA) ("Marathon"), a patent acquisition and monetization company, announced today that its wholly-owned subsidiary Signal IP, Inc. ("Signal") has filed a patent infringement lawsuit against Subaru of America Inc., Nissan North America Inc. and Suzuki Motor of America in the United States District Court for the Central District of California.
Signal is asserting infringement related to U.S. Patent numbers 5,714,927 "Method of Improving Zone of Coverage Response of Automotive Radar," 5,732,375 "Method of Inhibiting or Allowing Airbag Deployment," 6,434,486 "Technique for Limiting the Range of an Object Sensing System in a Vehicle," 6,012,007 "Occupant detection method and apparatus for air bag system," 5,463,374 "Method and apparatus for tire pressure monitoring and for shared keyless entry control," and 6,775,601 "Method and Control System for Controlling Propulsion in a Hybrid Vehicle."
Liner LLP has been retained as litigation counsel.
About Marathon Patent Group:
Marathon Patent Group, Inc. is a patent acquisition and monetization company. We acquire patents from a wide range of patent holders from individual inventors to Fortune 500 companies. Our strategy of acquiring patents that cover a wide-range of subject matter allows us to achieve diversity within our patent asset portfolio. We generate revenue with our diversified portfolio through actively managed concurrent patent rights enforcement campaigns. This approach is expected to result in a long-term, diversified revenue stream. To learn more about Marathon Patent Group, visit http://www.marathonpg.com/.
Forward Looking Statements:
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), not limited to Risk Factors relating to its patent business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
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