Boxlight Acquires Screen Sharing Intellectual Property Portfolio
September 24 2020 - 9:00AM
Business Wire
Addition of three patents and one pending
patent application provides industry advantage for key software
solutions
Boxlight Corporation (Nasdaq: BOXL), a leading provider of
interactive technology solutions for the global education market,
today announced the acquisition of three LAN based screen sharing
patents and one pending patent application from Circle Technology,
Inc. The acquired intellectual property portfolio will increase
Boxlight’s protections around its education software solutions in a
time when the adoption of one-to-one student devices is an industry
standard.
The additional intellectual property allows Boxlight to expand
its software strategy knowing its efforts in wireless screen
sharing will be protected. “Collaboration between teachers and
students on front-of-classroom visual devices, and collaboration
between students on their one-to-one devices, is an increasingly
important part of the classroom,” said Hank Nance, COO at Boxlight.
“Our recent efforts on software development have an emphasis in
this area, and I am pleased to know we can go forward as an
industry leader with strong IP protections in place.”
Circle Technology’s, President, Steve Hix, a pioneer in the
audio visual industry, commented, “I am very pleased to transfer
these patents to Boxlight. I have worked with Boxlight for several
years and believe they are best suited to benefit from the
intellectual property. I was courted by several companies over the
last several years to sell the patents with the increase in screen
sharing over networks. However, I elected to entrust these patents
to Boxlight because of their leadership’s vision for the future,
strong company culture and a commitment to continued innovation.”
Mr. Hix was previously the CEO and founder of InFocus, which he
listed on the NYSE and grew to more than $1 billion in sales. He
was also a co-founder of Planar Systems.
With the many front-of-classroom displays currently in the
market that now include an on-board operating system, the Company
has the ability to protect its solutions and focus on revenue
growth, including from potential licensing opportunities.
About Boxlight Corporation
Boxlight Corporation (Nasdaq: BOXL) is a leading provider of
technology solutions for the global learning market. The company
aims to improve learning and engagement in classrooms and to help
educators enhance student outcomes, by developing the products they
need. The company develops, sells, and services its integrated,
interactive solution suite including software, classroom
technologies, professional development and support services. For
more information about the Boxlight story, visit
http://www.boxlight.com.
Forward Looking Statements
This press release may contain information about Boxlight’s view
of its future expectations, plans and prospects that constitute
forward-looking statements. Actual results may differ materially
from historical results or those indicated by these forward-looking
statements because of a variety of factors including, but not
limited to, risks and uncertainties associated with its ability to
maintain and grow its business, variability of operating results,
its development and introduction of new products and services,
marketing and other business development initiatives, competition
in the industry, etc. Boxlight encourages you to review other
factors that may affect its future results in Boxlight’s filings
with the Securities and Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20200924005255/en/
Media Sunshine Nance +1 360-464-2119 x254
sunshine.nance@boxlight.com
Investor Relations Michael Pope +1 360-464-4478
michael.pope@boxlight.com
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