Newly formed company Catapult IP Innovations cost $600 million for the patents of the falling legend of the mobile market – BlackBerry. There are many signs that the new owner of the patents will now want to live off compensation for all his infringements.
BlackBerry is disappearing from the mobile market, and their devices have practically stopped working. As of January 4, 2022, owners of devices running BlackBerry OS 7.1 or earlier, BlackBerry 10, or BlackBerry PlayBook OS 2.1 or earlier have lost access to essential services on their phones. Equipment running on unsupported systems does not allow, among other things, making calls to mobile phones, including emergency numbers.
Now BlackBerry is still trying to get back what it can from the mobile segment by selling all of its property, including a large package of patents. The company itself describes them as “patents for mobile solutions and communicators.” Catapult IP Innovations paid $600 million for the entire BlackBerry patent pool. It is defined as a special purpose vehicle created solely for the purpose of acquiring BlackBerry patents.
What will they do with them? You might think that they will want to create their own solutions based on them. However, Catapult IP Innovations is a company that has taken on huge debts and does not have products or any other form of business. There are many signs that they will want to cash in on the patents as soon as possible.
One way, of course, is to split them up and sell them for a slightly higher price. However, experts fear that Catapult IP Innovations will start legal battles with anyone who even indirectly uses solutions similar to BlackBerry’s patented ones. Thus, they can claim multi-million dollar compensation, which will allow them to earn.