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BT Allow
ipValue to Develop U.S. Patents Technology UK January 15, 2002 By Nick Nabarro London. Jan. 15 (Bloomberg) — BT Group Plc, the U.K.'s second biggest phone company, will allow ipValue, a closely held intellectual property company, to exploit its portfolio of patents in the US in a bid to boost its catalogue of new products, the Financial Times reported, citing the company. The companies will share US revenue generated from the exploitation of the patents, the FT said. " . . . " "We have never had a group of dedicated individuals in the US looking at exploiting intellectual property across the portfolio," Stewart Davies, chief executive of BTexact Technologies - BT Group's research unit — told the paper. BT's new Chief Executive Officer-designate Ben Verwaayen, 49, joined the company today and will become CEO on Feb. 1. The company has in the past year retreated from Europe, Asia and the US and spun of its wireless unit and is seeking ways of boosting revenue.
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