Explanation of "Lump Sum"+"Licensing deal" that came out of the
Microsoft SETTLEMENT.
all carefully worded in 10Q & PR from 08/15/16 and 8K from MSFT Settlement
KeyWord - Increasing & Recurring revenue going forward.
$SFOR If you missed the Last PR date 08/15/16, It's a must Read
Quote:
Strikeforce projecting "INCREASING" revenues going forward, based on the growing demand, in stores and online for our newly boxed and mobile products, (GuardedID® PC and MAC, MobleTrust® iPhone and Androids).
“StrikeForce and its sales channel continue to sign new retail and enterprise contracts and pilots in 2016.
“StrikeForce continues its Out-of-Band Patent litigation against the three companies and anticipates a successful effort
“StrikeForce remains very positive in regard to our developing recurring gross revenue opportunities, with all of our deals now in play. In addition we are especially enthusiastic with the early strong interest in our new mobile products.”
“StrikeForce is very excited about the future. We are aggressively litigating patent and intellectual property infringers”
From 10-Q filed on 08/15/16
Quote:
We are also seeking to license the technology as original equipment with computer hardware and software manufacturers. We are engaged in multiple production installations and pilot projects with various distributors, resellers and direct customers primarily in the United State.
Quote:
We are in discussions with many large scale parties that are interested in this software. Management has already received requests for this software, as keystroke encryption malware grows and remains a major problem for the mobile-cyber security market.
Quote:
We also provide our clients a choice of operating our ProtectID† software internally by licensing it or through our hosted Cloud Service or a hybrid that some clients have implemented and none of our competitors presently offer.
Quote:
Original Equipment Manufacturers (OEM): SFT products are sold to other security technology vendors that integrate ProtectIDÒ, GuardedIDÒ and now GuardedIDÒ Mobile SDK into their products (bundling) and services providing for monthly/annual increasing recurring revenues.
Also Read again the 8K for MSFT settlement carefully-License Agreement
Quote:
TWO SEPARATE LAWSUITS
Quote:
ITEM 8.01. OTHER EVENTS
SFOR sued Phonefactor and then $MSFT separately. (Two lawsuits instead of one). We have never discussed this before but just an FYI, there were TWO LAWSUITS, instead of ONE against $MSFT.
How many of knew that SFOR had two lawsuits against $MSFT? I bet no one. So we missed lot of key information. Windows 10, Azure all MSFT products are injected with SFOR patents/Products/much more.
https://azure.microsoft.com/en-us/services/mu...ntication/
www.pcworld.com/article/2837612/windows-10-to-get-twofactor-authentication-builtin.html
For Phonefactor - $9.7m IMO & for $MSFT - Licensing deals.
Settlement with $MSFT is much bigger than we are thinking as deals are kept CONFIDENTIAL i.e.
Quote:
The terms and conditions of the Release and License Agreement are confidential except under limited conditions.
https://www.sec.gov/Archives/edgar/data/12855...for_8k.htm
On March 28, 2013, the Company initiated patent litigation against PhoneFactor, Inc., a subsidiary of Microsoft Corporation, for alleged infringement of United States Patent No. 7,870,599 (the "'599 Patent"
.
The Company filed a separate action against Microsoft Corporation based on its alleged infringement of the '599 Patent and two additional patents for out-of-band user authentication (U.S. Patent Nos.: 8,484,698 & 8,713,701).
Both actions were filed in the U.S. District Court for the District of Delaware.
On January 15, 2016, the litigation was settled and the parties executed a settlement agreement in the form of a Release and License Agreement. The terms and conditions of the Release and License Agreement are confidential except under limited conditions.
As a consequence of the Release and License Agreement, the parties have moved to dismiss the action with prejudice, the Company has licensed the patents to Microsoft Corporation, and the Company will receive a non-disclosable one-time lump sum payment.
"$9.7m is a part of the settlement"
Microsoft SETTLEMENT.
all carefully worded in 10Q & PR from 08/15/16 and 8K from MSFT Settlement
KeyWord - Increasing & Recurring revenue going forward.
$SFOR If you missed the Last PR date 08/15/16, It's a must Read
Quote:
Strikeforce projecting "INCREASING" revenues going forward, based on the growing demand, in stores and online for our newly boxed and mobile products, (GuardedID® PC and MAC, MobleTrust® iPhone and Androids).
“StrikeForce and its sales channel continue to sign new retail and enterprise contracts and pilots in 2016.
“StrikeForce continues its Out-of-Band Patent litigation against the three companies and anticipates a successful effort
“StrikeForce remains very positive in regard to our developing recurring gross revenue opportunities, with all of our deals now in play. In addition we are especially enthusiastic with the early strong interest in our new mobile products.”
“StrikeForce is very excited about the future. We are aggressively litigating patent and intellectual property infringers”
From 10-Q filed on 08/15/16
Quote:
We are also seeking to license the technology as original equipment with computer hardware and software manufacturers. We are engaged in multiple production installations and pilot projects with various distributors, resellers and direct customers primarily in the United State.
Quote:
We are in discussions with many large scale parties that are interested in this software. Management has already received requests for this software, as keystroke encryption malware grows and remains a major problem for the mobile-cyber security market.
Quote:
We also provide our clients a choice of operating our ProtectID† software internally by licensing it or through our hosted Cloud Service or a hybrid that some clients have implemented and none of our competitors presently offer.
Quote:
Original Equipment Manufacturers (OEM): SFT products are sold to other security technology vendors that integrate ProtectIDÒ, GuardedIDÒ and now GuardedIDÒ Mobile SDK into their products (bundling) and services providing for monthly/annual increasing recurring revenues.
Also Read again the 8K for MSFT settlement carefully-License Agreement
Quote:
TWO SEPARATE LAWSUITS
Quote:
ITEM 8.01. OTHER EVENTS
SFOR sued Phonefactor and then $MSFT separately. (Two lawsuits instead of one). We have never discussed this before but just an FYI, there were TWO LAWSUITS, instead of ONE against $MSFT.
How many of knew that SFOR had two lawsuits against $MSFT? I bet no one. So we missed lot of key information. Windows 10, Azure all MSFT products are injected with SFOR patents/Products/much more.
https://azure.microsoft.com/en-us/services/mu...ntication/
www.pcworld.com/article/2837612/windows-10-to-get-twofactor-authentication-builtin.html
For Phonefactor - $9.7m IMO & for $MSFT - Licensing deals.
Settlement with $MSFT is much bigger than we are thinking as deals are kept CONFIDENTIAL i.e.
Quote:
The terms and conditions of the Release and License Agreement are confidential except under limited conditions.
https://www.sec.gov/Archives/edgar/data/12855...for_8k.htm
On March 28, 2013, the Company initiated patent litigation against PhoneFactor, Inc., a subsidiary of Microsoft Corporation, for alleged infringement of United States Patent No. 7,870,599 (the "'599 Patent"
. The Company filed a separate action against Microsoft Corporation based on its alleged infringement of the '599 Patent and two additional patents for out-of-band user authentication (U.S. Patent Nos.: 8,484,698 & 8,713,701).
Both actions were filed in the U.S. District Court for the District of Delaware.
On January 15, 2016, the litigation was settled and the parties executed a settlement agreement in the form of a Release and License Agreement. The terms and conditions of the Release and License Agreement are confidential except under limited conditions.
As a consequence of the Release and License Agreement, the parties have moved to dismiss the action with prejudice, the Company has licensed the patents to Microsoft Corporation, and the Company will receive a non-disclosable one-time lump sum payment.
"$9.7m is a part of the settlement"
