Biometrics Company Aware Inc. Closes Sale of Patents to Intel
Aware, Inc., maker of biometrics software products and services, announced Thursday that it completed the sale (previously announced on April 27, 2012) of selected patents and patent applications to Intel Corporation for US $75M.
The patents and patent applications relate to WiFi (802.11n/ac), LTE and Wireline Home Networking.
The sale is part of Aware’s patent management operation’s efforts to sell and/or license portions of its patent portfolio. Global IP Law Group, LLC represented Aware in this transaction.
Aware, Inc. is a leading innovator of advanced signal processing technologies used by large and growing industries, including telecommunications, biometrics and medical imaging. It has been in the biometrics industry for 20 years.
In May, BiometricUpdate.com reported that three large-scale border management systems in Europe, Middle East and North America will be using biometrics services and software by Aware.