Matterport Joins LOT Network To Strengthen Patent Strategy & Deter Litigation
Portfolio Pulse from Benzinga Newsdesk
Matterport, Inc. (NASDAQ:MTTR) has joined the LOT Network, a global patent licensing platform and non-profit community of companies. The move is aimed at protecting Matterport from costly litigation from patent assertion entities (PAEs), also known as 'patent trolls'. LOT Network provides a license to its members for any patent asset once owned by a member, protecting them from potential litigation and fees.
August 22, 2023 | 4:02 pm
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POSITIVE IMPACT
Matterport's decision to join the LOT Network could potentially reduce the risk of costly patent litigation, which may be viewed positively by investors.
By joining the LOT Network, Matterport is taking a proactive step to protect itself from potential patent litigation, which can be costly and disruptive. This move could be seen as a positive by investors as it reduces potential legal risks and associated costs. Therefore, this news could potentially have a positive impact on Matterport's stock price in the short term.
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