Allied Security Trust Explained
Allied Security Trust (AST) is an independent, not-for-profit cooperative that provides its members with a method of mitigating the risk of patent assertions and litigation.
Business
Each member contribute to the operating expense of the trust, and hold funds in escrow for the purchase of patents. Each member's escrow funds are used for the purchase of only those patents that they are interested in.[1] The members involved in the purchase are then licensed to the patents. After a certain period of time, the patents are sold or donated. This is known as a catch and release strategy. AST does not litigate.[2]
Members
Allied Security Trust public members in 2023, include
- Avaya
- Adobe
- Cisco
- Dolby
- Google
- IBM
- Intel
- Meta
- Microsoft
- Oracle
- Philips
- Salesforce
- ServiceNow
- Snap
- Sony
- Spotify
- Uber
- Verizon
Executives
- Russell Binns, Jr., CEO [3]
- Andrew Hopkin, CFO[3]
- Mihir Patel, VP, Technology & Analytics
- Ray Strimaitis, VP, Corporate Development & Global Strategy
See also
References
- Web site: Scott Moritz, “Big Tech gets Legal Aid in the Patent Wars”. Money.cnn.com. 15 October 2017. https://web.archive.org/web/20110606035627/https://money.cnn.com/2008/06/30/technology/patents.fortune/. 2011-06-06. dead.
- Web site: Joff Wild, IAM Magazine, "Why Sinking Markets Could Mean Real Opportunities for Patent Acquirers and Licensees", October 7, 2008. Iam-magazine.com. 15 October 2017.
- Web site: Homepage - Allied Security Trust. Allied Security Trust. 15 October 2017.
External links
