/ CORRECTION - Limelight Networks(R), Twister Investments, and Allied Software Trust Announce Agreements
27 Marzo 2010 - 12:06AM
Marketwired
In the news release, "Limelight Networks®, Twister Investments, and
Allied Software Trust Announce Agreements," issued earlier today by
Limelight Networks, Inc. (NASDAQ: LLNW), we are advised by the
company that the headline and first sentence of the second
paragraph should read "Allied Security Trust" rather than "Allied
Software Trust" as originally issued. Complete corrected text
follows.
Limelight Networks®, Twister Investments, and Allied Security
Trust Announce Agreements
TEMPE, AZ and SAN DIEGO, CA and LAMBERTVILLE, NJ -- March 26,
2010 -- Limelight Networks, Inc. (NASDAQ: LLNW), and Twister
Investments, LLC, today announced that the companies have entered
into a patent licensing agreement in exchange for an undisclosed
fee paid by Limelight to Twister.
As a result of the agreement, Limelight Networks, Twister
Investments, and Allied Security Trust (AST) have agreed to execute
a Stipulation of Dismissal with Prejudice for the purpose of
dismissing with prejudice the declaratory judgment action Limelight
Networks, Inc. v. Allied Security Trust and Twister Investments,
LLC, United States District Court, District of Arizona, Case No.
2:10-cv-00585-NVW.
"Limelight respects AST's goals and its charter, and we are
pleased to bring this matter to a rapid and mutually agreeable
resolution," said Philip Maynard, chief legal officer, Limelight
Networks, Inc.
"As a purely defensive organization helping to minimize the
exposure of operating companies to adversarial patent holders, we
are appreciative of Limelight's efforts to find a quick and
mutually agreeable resolution," responded Dan McCurdy, chief
executive officer, Allied Security Trust.
Safe-Harbor Statement
This press release contains forward-looking statements
concerning the company's operations and use of intellectual
property. Forward-looking statements are not guarantees and are
subject to a number of risks and uncertainties that could cause
actual results to differ materially including, the inherent risks
associated with litigation, particularly intellectual
property-based litigation. The Company assumes no duty or
obligation to update or revise any forward-looking statements for
any reason.
About Allied Security Trust
AST (www.alliedsecuritytrust.com) is a member-owned Delaware
Statutory Trust that identifies and analyzes high-technology
patents being sold on the market, circulates those to its 16 member
companies (each with annual revenues US $1 billion), and combines
funds of interested member companies to purchase patents. It then
sells the patents subject to licenses granted to those members,
with proceeds returned to the members that funded the purchase. To
date, it has invested US $40M to purchase 400 patents. For patent
portfolios that have been sold by the Trust or are currently on the
market, 82% of the money originally invested by Trust members to
obtain their patent license has been returned to them at the time
the patents are sold, making the Trust by far the most economical
collaborative mechanism in the world for members to obtain licenses
to patents that may otherwise fall into the hands of an adversarial
party.
About Limelight Networks, Inc.
Limelight Networks, Inc. (NASDAQ: LLNW) is trusted by the
world's most innovative enterprise, entertainment, technology, and
software brands to improve the performance and profitability of web
sites and end-user experiences. Our scalable, on-demand managed
infrastructure solutions provide global reach and consistent high
availability, by routing traffic over a private fiber-optic
backbone rather than through the often-congested, unpredictable
public Internet. For more information, visit our web site
(http://www.limelightnetworks.com), read our blog
(http://blog.llnw.com), or follow @llnw
(http://www.twitter.com/llnw) on Twitter.
Copyright © 2010 Limelight Networks, Inc. All rights reserved.
All product or service names are the property of their respective
owners.
CONTACT: Paul Alfieri of Limelight Networks, Inc.,
+1-917-297-4241, palfieri@llnw.com
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