Voip-Pal Holds Strong Patents that Major Telecom and Technology Companies are Infringing, so they must License or Buy those Patents, Says Dr. Thomas E. Sawyer
SANDY, UT / ACCESSWIRE / June 19, 2017 / CEOCFO Magazine, an independent investment publication that highlights important technologies and companies, today announced a follow-up news report on Voip-Pal and one of its largest shareholders, Dr. Thomas E. Sawyer, former CEO of MESA Corporation, Inc., NACT Telecommunications, Inc., Innova Enterprises, Inc, and other companies, and former advisor to Presidents Richard Nixon and George H.W. Bush. The magazine's news report explains why Dr. Sawyer sees huge value in a British Columbia-based company, Voip-Pal.com Inc (OTCQB: VPLM), which holds key patents on making telephone calls and sending messages over the Internet.
Dr. Sawyer made similar comments in a recent interview on a financial news program with Stock-Sector.com. CEOCFO Magazine recently interviewed Emil Malak, CEO of Voip-Pal where the same patent issues and challenges were outlined.
The CEOCFO Magazine news report states that Dr. Sawyer sees a major opportunity for investors looking to get strong returns on their investment. He emphasizes that he is speaking as an individual shareholder, not as a company representative.
The reason for the opportunity, he says, is that Voip-Pal "has developed patented technology to route and bill voice and messaging over the Internet." Virtually every time someone places a call over the Internet or sends a text, the routing and billing algorithms reflect the VoIP-Pal technology. The company has ten very strong patents, with more under consideration, says Dr. Sawyer. In an earlier interview, Voip-Pal's CEO & Director Emil Malak describes more of the company's history and accomplishments.
Dr. Sawyer believes that major companies like Apple, AT&T, Verizon, and Twitter are knowingly infringing those patents. They haven't licensed the patents "because they feel it is less expensive to challenge the patents than to pay the licensing fee," he says.
Dr. Sawyer says that Voip-Pal has notified more than 50 companies about their infringement of the patents "in an attempt to obtain licenses." They all declined. So last year, Voip-Pal sued Apple, AT&T, and Verizon for $7 billion, and then later sued Twitter as well.
Those suits are now on hold until the U.S. Patent & Trademark Office's Patent Trial and Appeal Board rules on Apple's counter effort to have Voip-Pal's patents ruled invalid. Voip-Pal will win that ruling, Dr. Sawyer predicts. "As soon as that happens, the lawsuits will proceed."
The most likely outcome, Dr. Sawyer says, "is that there will be an out-of-court settlement, in which the telecom companies license or buy the patents." That settlement, he believes, will richly reward Voip-Pal's shareholders. "For shareholders, I am confident there will be a very fair return on investment," he says.
Dr. Thomas E. Sawyer
SOURCE: CEOCFO Magazine