RRIP Industries Terminates First Bitcoin Capital’s Exclusive License to U.S. Patent 10,332,205
Las Vegas, NV-AZ - RRIP Industries, LLC announced that it has terminated the exclusive patent license agreement granted to First Bitcoin Capital LLC, a subsidiary of Bitcoin Bancorp, Inc., concerning U.S. Patent No. 10,332,205 B1, titled “Bitcoin kiosk/ATM device and system and method of using the same.”
RRIP Industries owns the ’205 patent. RRIP’s position is that, following termination, First Bitcoin Capital no longer holds exclusive licensing or enforcement authority under that agreement with respect to the patent.
The announcement follows public statements by Bitcoin Bancorp describing the ’205 patent as part of its subsidiary’s intellectual property portfolio. RRIP is providing this update to clarify the status of the former exclusive license for operators, manufacturers, prospective licensees, and other interested parties.
The patent owner intends to pursue licensing opportunities and enforce the ’205 patent against infringement where supported by the facts and applicable law. Enforcement decisions will account for the patent’s claims, the activities of particular parties, and any applicable existing rights or agreements.
Termination of the exclusive license does not, by itself, resolve the status of every existing sublicense. Any surviving sublicense rights remain subject to the applicable agreements and their terms. Parties holding or considering agreements concerning the ’205 patent are encouraged to contact RRIP to clarify licensing authority and the status of their rights.
Further information concerning licensing and enforcement arrangements will be announced as appropriate.
About RRIP Industries, LLC
RRIP Industries, LLC is a Nevada limited liability company and the owner of U.S. Patent No. 10,332,205 B1, issued June 25, 2019. The patent concerns Bitcoin kiosk and ATM devices, systems, and transaction methods.
Contact Information
RRIP Industries, LLC
1887 Whitney Mesa Drive PMB 8665
Henderson, NV 89014.
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