Prism Technologies Group, Inc. (NASDAQ:PRZM) Files An 8-K Other Events

Prism Technologies Group, Inc. (NASDAQ:PRZM) Files An 8-K Other Events

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Item 8.01 Other

As previously disclosed, the U.S. Patent Trial and Appeal Board
(PTAB) issued two rulings on September 8, 2015 concerning the
validity of U.S. Patent No. 7,631,191 B2 (the Glazer patent)
owned by Secure Axcess, LLC, a subsidiary of Prism Technologies
Group, Inc.

In CBM2014-00100 (consolidated with CBM2015-00009), the
PTAB determined that claims 132 of the Glazer patent would
have been obvious to one of ordinary skill in the art, and
the claims were, therefore, unpatentable under 35 U.S.C.

In IPR2014-00475, the PTAB determined that claims 123 and
25-32 of the Glazer patent were unpatentable.

On February 21, 2017, the U.S. Court of Appeals for the Federal
Circuit (Federal Circuit) affirmed the PTAB ruling, without an
opinion, in the IPR2014-00475 matter. The Federal Circuit,
however, ruled that the PTAB should not have instituted the
proceedings in CBM2014-00100 because the Glazer patent claims do
not constitute a covered business method. Accordingly, the
Federal Circuit vacated the invalidity ruling in the CBM

The Glazer patent is the subject of patent infringement
litigation in the U.S. District Court for the Eastern District of
Texas (Secure Axcess, LLC v. U.S. Bank, et al.
6:13-cv-00717-KNM), which has been stayed pending the IPR and CBM

The Company is reviewing the Federal Circuits decisions and
possible actions in response to the decisions.

About Prism Technologies Group, Inc. (NASDAQ:PRZM)

Prism Technologies Group, Inc., formerly Internet Patents Corporation, is engaged in the business of licensing and enforcing a portfolio of patents relating to technologies developed by it. The Company’s subsidiary is Prism Technologies, LLC (Prism). Prism has two primary operating subsidiaries: Secure Axcess, LLC and Millenium Biologix, LLC. Prism also operates an intellectual property licensing and enforcement business. The Company and its subsidiaries own a portfolio of patents with over 50 issued patents in the areas of computer and network security, semiconductors and medical technology. The Company’s patent portfolio includes Gregg Patents for device authentication and access to protected resources; Glazer Patents for image recognition and Website authentication; Weber Patents for multiple screen computer display; Pugh Patents for synthetic biomaterial compound; Wallace Patents for encrypted cookies, and Quizid Patents for authentication tokens.

Prism Technologies Group, Inc. (NASDAQ:PRZM) Recent Trading Information

Prism Technologies Group, Inc. (NASDAQ:PRZM) closed its last trading session up +0.042 at 0.390 with 199,531 shares trading hands.

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