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MONSEY, N.Y., March 17, 1998 - General Patent Corporation
International (GPCI) has entered into a license agreement
with Zoom Telephonics, Inc. (ZOOM - NASDAQ) with respect
to four of GPCI's patents. The patents cover specific
aspects of PC card modems and other computer communications
devices.
Under the terms of the agreement, Zoom Telephonics
agreed to license GPCI's patents in exchange for royalty
payments. Zoom also agreed to compensate GPCI for the
past sales of PC Card modems that used GPCI's technology.
"We are particularly pleased to enter into an
agreement with Zoom, which cooperated in reaching an
equitable arrangement. Consequently, we are extending
favorable licensing terms to reward Zoom for respecting
our patent rights," said Alexander Poltorak, GPCI's
chairman and CEO. "We intend to offer similar terms
to companies that follow Zoom's example," he added.
Frank Manning, president of Zoom Telephonics noted,
"This license will allow Zoom's customers to be
confident that they are licensed to use GPCI's technology,
and are free from possible claims of infringement. Zoom
anticipated this license agreement, and license fees
for past shipments were reflected in our financial statements
for the quarter ending December 31, 1997. Ongoing royalty
payments under this agreement should not have material
effect on the results of our operations."
The patents include U.S. Patent Nos. 4,543,450 ("Integrated
Connector and Modem"), 4,603,320 ("Connector
Interface"), 4,686,506 ("Multiple Connector
Interface") and 4,972,470 ("Programmable Connector").
According to Dr. Poltorak, patent infringement litigation
is pending in New York against 3Com, and in California
against Hayes, Xircom and New Media.
GPCI is an international technology transfer and R&D
company headquartered in Monsey, N.Y. Aside from developing
and commercializing its own patented technologies, GPCI
serves as a licensing agent for other companies, research
institutions and individual inventors.
Further information on GPCI and its patent activities
is available by contacting General Patent Corporation
International at info @ patentclaim.com.
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