SOURCE: Endeavor IP, Inc.

Endeavor IP, Inc.

December 24, 2014 09:00 ET

Endeavor IP, Inc.'s Wholly-Owned Subsidiary, Endeavor MeshTech, Inc., Enters Into Patent License and Settlement Agreement With Leviton Manufacturing

NEW YORK, NY--(Marketwired - December 24, 2014) - Endeavor IP, Inc. (OTCQB: ENIP) ("Endeavor"), an intellectual property services and patent licensing company, announced today that its wholly-owned subsidiary Endeavor MeshTech, Inc. ("MeshTech") has entered into a license and settlement agreement with Leviton Manufacturing Co., Inc. ("Leviton").

"With the announcement of the license and settlement agreement with Leviton, we have successfully settled the first of six lawsuits, related to the MeshTech patent portfolio, we filed less than eight weeks ago," said Rob Dhat, Chief Executive Officer of Endeavor. The Leviton settlement represents the fourth settlement Endeavor has reached with respect to its MeshTech patent portfolio in 2014. "We look forward to continuing our monetization program," said Mr. Dhat.

In October of this year, MeshTech filed six patent infringement lawsuits in various United States District Courts asserting claims of patent infringement related to U.S. Patent Nos. 7,379,981 (the "'981 Patent"); 8,700,749 (the "'749 Patent"); and 8,855,019 (the "'019 Patent"). The lawsuits allege that the defendants have infringed and continue to infringe the claims of the '981 Patent, the '749 Patent and the '019 Patent.

About Endeavor IP, Inc.

Endeavor IP, Inc. is an intellectual property services and patent licensing company that is engaged in the acquisition and licensing of intellectual property. Endeavor is based in New York, NY. 

www.enip.com

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