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MOSAID Technologies Inc, an intellectual property (IP) management company, recently announced that it had closed the sale of a portfolio of optical networking patents to a global corporation.

During the early part of 201, MOSAID bought a portfolio of over 200 optical networking patents and patent applications from Italy's PGT-Photonics S.p.A., which is a spinoff of tire manufacturer Pirelli & C. S.p.A. In a release, John Lindgren, President and CEO, MOSAID, said, "I'm pleased that we successfully executed on our value enhancement and monetization strategy for the PGT-Photonics IP portfolio. Our in-house patent prosecution group worked diligently to significantly improve the overall quality of the patents. We expended considerable resources to preserve the rich R&D heritage that this portfolio represents, thus successfully enhancing its worth. The buyer owns a valuable portfolio of optical IP that will support their business expansion strategy."

PGT-Photonics played a role in creating advanced optical networking communications components, such as tunable lasers, optical transceivers and responders, and silicon photonics manufacturing processes.

Lindgren went on to say that "MOSAID is now focused on delivering a wide range of IP management services to those seeking to maximize the value of their IP portfolios. We have the experience, the capabilities and the financial strength to develop customized programs that meet the goals of IP owners."