Court Denies Transfer Motion in Quest Patent Research Corp. (QPRC) Subsidiary’s Patent Litigation against Apple

• Apple’s Motion to Transfer Venue to Northern District of California denied
• Case to move forward in the Eastern District of Texas with claim construction scheduled for March 16, 2020 and jury selection set for September 14, 2020

Quest Patent Research Corp. (OTCQB: QPRC) subsidiary Quest NetTech filed its complaint against Apple on April 12, 2019, asserting that Apple’s “Apple Pay functionality” implemented through Apple Wallet on such devices as the iPhone 6 with Apple iOS 8 or 9 infringes the US Patent RE38,137 entitled ‘Programmable Multiple Company Credit Card System’. A copy of the complaint is available at http://nnw.fm/SsmW8.

On June 20, 2019, Apple filed a Motion to Transfer Venue Under 28 U.S.C. § 1404(a). In the Motion, Apple requested that the Court transfer the case from the Eastern District of Texas to the Northern District of California. A copy of the motion is available at http://nnw.fm/3pEcJ.

On November 27, 2019, the Court denied the Motion. A copy of the Memorandum and Order denying the Motion is available at http://nnw.fm/7VpXf.

The case is scheduled to proceed according to the Docket Control Order issued by the Court on August 8, 2019 with a claim construction hearing on March 16, 2020 and jury selection to begin on September 14, 2020 (all dates subject to change by the Court). A copy of the Docket Control Order is available at http://nnw.fm/YyYc1.

Quest, based in New York City, operates through majority-owned and controlled operating subsidiaries to deliver financial, strategic and legal resources for IP monetization. Shareholders have the opportunity to participate across a broad portfolio of dynamic assets in the burgeoning intellectual property space. Quest provides IP asset owners and stakeholders, including inventors, law firms, estates, small businesses, and corporations with a valued resource for protection, management, and monetization of IP assets.

Quest has been highly active in growing its existing IP asset portfolio. Through the end of the third quarter of 2019, the company has resolved eight cases partially or fully. An additional seven cases are pending settlement. The company currently owns more than 115 patents across 11 portfolios and has reported approximately $2 million in patent licensing revenues for the first three quarters of 2019 (http://nnw.fm/nzOz7).

For more information, visit the company’s website at www.QPRC.com

NOTE TO INVESTORS: The latest news and updates relating to QPRC are available in the company’s newsroom at http://nnw.fm/QPRC

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