Document Security Services Significant Patent Moneitzation Plans
When Document Security Systems, Inc (DSS) announced plans to merge with Lexington Technology Group, Inc (LTG), the company signaled a shift in business plans to focusing on monetizing IP assets. With DSS in the process of a lawsuit against Coupons.com over misappropriated trade secrets and breached confidentiality agreements, the merger with a manager of IP assets appears to provide benefits to both shareholder grou ps. DSS is a leading developer and integrator of cloud computing data security, Radio Frequency Identification (RFID) systems and security printing technologies that prevent counterfeiting and brand fraud. With the LTG merger, the company plans on becoming a dominant patent monetization company with the goal of being the Blackstone Group LP (BX) of the sector. DSS Q3 Highlights Below are the highlights from the Q3 earnings report: Revenues for Q3 2012 were $4.2 million, a 15% increase over Q3 2011. Gross profit for Q3 2012 was $1.5 million, a 20% increase over Q...