Business Context and Reporting Period
Company: NETWORK-1 TECHNOLOGIES, INC. (NTIP)
Filing Type: Form 8-K (Current Report)
Date of Report: October 8, 2024
Reporting Period: Specific event date (October 8, 2024)
Key Financial Metrics
This filing is a Current Report (Form 8-K) regarding a specific corporate event and does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metrics.
Material Changes
Intellectual Property Acquisition: On October 8, 2024, the U.S. Patent and Trademark Office issued U.S. Patent No. 12,113,339 to the company's wholly-owned subsidiary, HFT Solutions, LLC.
- Patent Title: Field Programmable Gate Array with Internal Phase-Locked Loop.
- Application: The patent covers technologies used in high-frequency trading (HFT), specifically custom field-programmable gate array (FPGA) hardware.
- Function: Includes clock domain management technology designed to provide critical transaction latency gains in trading systems where success is measured in nanoseconds.
Guidance, Outlook, and Risks
Management Commentary: The company highlights the patent as part of its HFT patent portfolio, emphasizing its relevance to firms utilizing custom FPGA hardware for latency-sensitive trading activities.
Guidance and Risks: This filing does not contain updated financial guidance, forward-looking statements regarding future performance, or a discussion of material risks and contingencies beyond the context of the patent issuance.
Investor Verification Checklist
- Verify the commercial impact of U.S. Patent No. 12,113,339 on the company's HFT Solutions revenue stream.
- Review the attached press release (Exhibit 99.1) for additional details on the patent's market application.
- Consult the most recent 10-Q or 10-K filings for current financial performance, as this 8-K contains no financial data.
- Confirm the status of the company's broader HFT patent portfolio and any pending litigation or licensing agreements related to these technologies.