Global Crossing and Ronald A. Katz Enter Into License Agreement

Ronald A. Katz Technology Licensing, headquartered in Los Angeles, announced today the settlement of patent litigation with Global Crossing, a leading global IP solutions provider.

As part of the agreement, Global Crossing will purchase a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications. The nonexclusive license covers services offered by Global Crossing in the Group Conferencing Field of Use including collaborative and conferencing services delivered through automated systems and live agents. Other terms of the license were not disclosed.

The patents held by Ronald A. Katz Technology Licensing, cover a wide range of interactive technology, including automated forms of customer service, prescription refill services, securities trading, merchandising, prepaid services, telephone conferences, registration, home shopping, as well as functions involved in securing information from databases by telephone, interactive cable transactions, and various other uses of toll-free and local numbers.

Ronald A. Katz stated, “We welcome Global Crossing to the group of leading telecommunications companies who have purchased a license under this portfolio.”

Currently more than 275 companies hold license rights under this portfolio.