SOURCE: Marathon Patent Group

Marathon Patent Group

August 13, 2015 08:45 ET

Marathon Patent Group's Wholly-Owned Subsidiary, TLIF, LLC, Enters Into Settlement and License Agreement With Biomet, Inc.

LOS ANGELES, CA--(Marketwired - Aug 13, 2015) - Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon"), a patent licensing company, announced today that its wholly-owned subsidiary, TLIF, LLC ("TLIF"), has entered into a settlement and license agreement with Biomet, Inc. The consideration to be paid by Biomet to TLIF and all other terms of the license agreement are confidential.

The TLIF portfolio consists of patents which relate to implants and prosthesis with specific claims covering placement and insertion of spinal discs into a human spinal column. Patent claims also address the components, makeup, and content of spinal discs. Additional patents and associated claims cover intervertebral implants for insertion between two vertebral bodies of a spinal column and implantable prosthetic elements for implanting on bone facing surfaces. Exemplary patents in this portfolio include U.S. Patents 5,824,094, 6,143,032, and 6,592,624 with additional foreign patent grants providing International coverage.

About Marathon Patent Group

Marathon is a patent acquisition and monetization company. The Company acquires patents from a wide-range of patent holders from individual inventors to Fortune 500 companies. Marathon's strategy of acquiring patents that cover a wide-range of subject matter allows the Company to achieve diversity within its patent asset portfolio. Marathon generates revenue with its diversified portfolio through actively managed concurrent patent rights enforcement campaigns. This approach is expected to result in a long-term, diversified revenue stream. To learn more about Marathon Patent Group, visit www.marathonpg.com.

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