SOURCE: Endeavor IP, Inc.

Endeavor IP, Inc.

January 06, 2015 07:30 ET

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

NEW YORK, NY--(Marketwired - January 06, 2015) - 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 EnergyHub, Inc. ("EnergyHub").

The EnergyHub settlement represents the fifth settlement Endeavor reached with respect to its MeshTech patent portfolio in 2014. "With the announcement of the license and settlement agreement with EnergyHub, we have successfully settled two of six lawsuits, related to the MeshTech patent portfolio, we filed approximately eight weeks ago," said Franciscus Diaba, President of Endeavor. "We look forward to continuing our monetization program," continued Mr. Diaba.

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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