TEMPE, AZ and SAN DIEGO, CA and LAMBERTVILLE, NJ -- (MARKET WIRE) -- 03/26/10 --
In the
news release, "Limelight Networks®, Twister Investments, and Allied
Software Trust Announce Agreements," issued earlier today by Limelight
Networks, Inc. (NASDAQ: LLNW), we are advised by the company that the
headline and first sentence of the second paragraph should read "Allied
Security Trust" rather than "Allied Software Trust" as originally issued.
Complete corrected text follows.
Limelight Networks®, Twister Investments, and Allied Security Trust
Announce Agreements
TEMPE, AZ and SAN DIEGO, CA and LAMBERTVILLE, NJ -- March 26, 2010 --
Limelight Networks, Inc. (NASDAQ: LLNW), and Twister Investments, LLC,
today announced that the companies have entered into a patent licensing
agreement in exchange for an undisclosed fee paid by Limelight to Twister.
As a result of the agreement, Limelight Networks, Twister Investments, and
Allied Security Trust (AST) have agreed to execute a Stipulation of
Dismissal with Prejudice for the purpose of dismissing with prejudice the
declaratory judgment action Limelight Networks, Inc. v. Allied Security
Trust and Twister Investments, LLC, United States District Court, District
of Arizona, Case No. 2:10-cv-00585-NVW.
"Limelight respects AST's goals and its charter, and we are pleased to
bring this matter to a rapid and mutually agreeable resolution," said
Philip Maynard, chief legal officer, Limelight Networks, Inc.
"As a purely defensive organization helping to minimize the exposure of
operating companies to adversarial patent holders, we are appreciative of
Limelight's efforts to find a quick and mutually agreeable resolution,"
responded Dan McCurdy, chief executive officer, Allied Security Trust.
Safe-Harbor Statement
This press release contains forward-looking statements concerning the
company's operations and use of intellectual property. Forward-looking
statements are not guarantees and are subject to a number of risks and
uncertainties that could cause actual results to differ materially
including, the inherent risks associated with litigation, particularly
intellectual property-based litigation. The Company assumes no duty or
obligation to update or revise any forward-looking statements for any
reason.
About Allied Security Trust
AST (www.alliedsecuritytrust.com) is a member-owned Delaware Statutory
Trust that identifies and analyzes high-technology patents being sold on
the market, circulates those to its 16 member companies (each with annual
revenues US $1 billion), and combines funds of interested member companies
to purchase patents. It then sells the patents subject to licenses granted
to those members, with proceeds returned to the members that funded the
purchase. To date, it has invested US $40M to purchase 400 patents. For
patent portfolios that have been sold by the Trust or are currently on the
market, 82% of the money originally invested by Trust members to obtain
their patent license has been returned to them at the time the patents are
sold, making the Trust by far the most economical collaborative mechanism
in the world for members to obtain licenses to patents that may otherwise
fall into the hands of an adversarial party.
About Limelight Networks, Inc.
Limelight Networks, Inc. (NASDAQ: LLNW) is trusted by the world's most
innovative enterprise, entertainment, technology, and software brands to
improve the performance and profitability of web sites and end-user
experiences. Our scalable, on-demand managed infrastructure solutions
provide global reach and consistent high availability, by routing traffic
over a private fiber-optic backbone rather than through the
often-congested, unpredictable public Internet. For more information, visit
our web site (http://www.limelightnetworks.com), read our blog
(http://blog.llnw.com), or follow @llnw
(http://www.twitter.com/llnw) on Twitter.
Copyright © 2010 Limelight Networks, Inc. All rights reserved. All
product or service names are the property of their respective owners.
CONTACT:
Paul Alfieri of Limelight Networks, Inc., +1-917-297-4241,
palfieri@llnw.com