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From: http://www.patentlicensing.com.au/patent-licensing-articles/2002/1/11/patent-win-signals-us-push-for-qpsx/


Patent Win Signals Us Push For Qpsx
The Age

Friday January 11, 2002

ELI GREENBLAT


Shares in the Kerry Packer-backed technology group QPSX hit a high of 66 cents yesterday after the company announced overnight it had won a United States patent covering one of its most important technologies.


QPSX said a US patent had been issued for its Segmentation and Reassembly (SAR) systems and the intellectual property utilised by SAR in core telecoms switching.


QPSX had previously been granted SAR patents for the United Kingdom and Germany, representing 10 per cent of the world market, along with Canada.


QPSX chief executive Graham Griffiths said the US was home to many world leaders in the manufacture and sale of Asynchronous Transfer Mode (ATM) switching - which utilises the company's SAR technology.


The win of the patent in the US widened the company's coverage to an additional 50 per cent of the global market for ATM technology, he said.


Investors welcomed the news, sending QPSX shares to 66 cents before the stock ended the day up seven cents at 60 cents - a four-month closing high.


Mr Griffiths said QPSX would now seek to combine its SAR licensing activity in the US and Canada, and was planning for the launch soon of a North American program.


Part of its licensing activities has been a $A115 million writ against Siemens and Deutsche Telekom for infringement of SAR's European patent.


QPSX was formed in 1987 by the University of Western Australia to develop and commercialise cell switching technology.


It floated on the Australian Stock Exchange last year with an issue price of 25 cents. Mr Packer holds a 9 per cent stake in the group.

PS... I remember KP got out at 50cents +.