GLS backs licensing and enforcement campaign
Chicago-based GLS Capital is backing a new licensing and enforcement campaign.
Through its subsidiary Celerity IP, GLS has entered into agreements to be the exclusive agent for the licensing and enforcement of two separate portfolios of standard essential patents (“SEPs”) originally developed by consumer electronics giant ASUSTek, Inc. (“ASUS”) and currently owned by ASUS and Innovative Sonic, Ltd. (the “Portfolios”).
The combined Portfolios include over 300 patent families containing thousands of patents essential to the 3G, 4G and 5G cellular standards and continues to grow as new patents are issued and as development of the 5G standard continues. Patents in many of the families have been independently reviewed and accepted to cellular SEP licensing pools run by Via and Avanci.
Celerity IP is led by CEO Chad Hilyard and President and Strategic Advisor Tim Berghuis. Hilyard was previously Chief Legal Officer at Hilco IP Merchant Banking where he had significant responsibility for licensing and litigating SEPs, including as General Counsel for PanOptis and Unwired Planet during its landmark litigation in the UK. Hilyard also previously served as Chief Intellectual Property Counsel at Rockstar Consortium.
Tim Berghuis was previously Chief Licensing Officer at InterDigital, where he worked for over 19 years. At InterDigital Berghuis planned and led the successful execution of a licensing program for one of the world’s largest cellular SEP portfolios. During Berghuis’ tenure, InterDigital achieved licensing revenue exceeding $300 million annually.