Network-1 Technologies Receives New Patent for IoT Enablement Technology

Network-1 Technologies, Inc. recently disclosed a significant development in the form of a newly issued U.S. Patent by the U.S. Patent and Trademark Office. The patent, numbered 12,166,869, focuses on “Key Deviation for a Module Using an Embedded Universal Integrated Circuit Card” within Network-1’s M2M/IoT patent portfolio. This technology is crucial for authenticating and utilizing embedded SIM cards (eSIMs) in next-gen Internet of Things (IoT), Machine-to-Machine (M2M), and other mobile devices. These devices could range from smartphones, tablets, and computers to automobiles.

eSIMs serve as a modern replacement for traditional SIM cards as they feature internal circuitry allowing remote provisioning with one or multiple profiles for wireless network access. The details of this development were unveiled on December 11, 2024, through a press release from Network-1 Technologies. This patent further strengthens the company’s position in the realm of IoT enablement technology.

For more information on this announcement, interested parties can refer to the attached press release (Exhibit 99.1). This news emphasizes Network-1’s commitment to innovation within the IoT sphere and showcases their ongoing efforts to remain at the forefront of technological advancements in this sector.

Following this development, Network-1 Technologies remains listed on the NYSE American under the trading symbol NTIP. The company is headquartered in New Canaan, Connecticut. Officials from Network-1 Technologies could not be reached for further comments regarding this patent issuance as of the reporting period.

In compliance with the regulations outlined by the Securities and Exchange Commission, Network-1 Technologies has duly provided necessary information through this report signed by Corey M. Horowitz, the Chairman and Chief Executive Officer, on December 16, 2024. This indicates the company’s adherence to reporting obligations and commitment to transparency in their operations.

This news highlights Network-1 Technologies’ continuous efforts to bolster their intellectual property assets and technological capabilities, aiming to cement their position as a key player in the IoT and M2M technology sector. Investors and industry observers are keen to see how this recent patent issuance will impact the company’s future endeavors and market positioning.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Network-1 Technologies’s 8K filing here.

Network-1 Technologies Company Profile

Network-1 Technologies, Inc engages in the development, licensing, and protection of intellectual property assets. The company owns 100 patents, including the Cox patent portfolio related to enabling technology for identifying media content on the Internet; M2M/IoT patent portfolio related to enabling technology for authenticating, provisioning, and using embedded sim technology in IoT, machine-to-machine, and other mobile devices, such as smartphones, tablets, and computers, as well as automobiles; and HFT patent portfolio covering technologies related to high frequency trading that addresses technological problems associated with speed and latency, and provide critical latency gains in trading systems.