Acacia Research announced that its Optical Memory Storage subsidiary has entered into a settlement and license agreement with Panasonic Corporation covering a portfolio of patents that apply to rewritable phase change optical discs (CD-RW, DVD±RW, BD-RE).

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Unedited press release follows:

Acacia Subsidiary Enters into Settlement and License Agreement with Panasonic

NEWPORT BEACH, Calif. — Acacia Research Corporation (Nasdaq: ACTG) announced today that its Optical Memory Storage LLC, subsidiary has entered into a settlement and license agreement with Panasonic Corporation covering a portfolio of patents that apply to optical memory storage solutions.

ABOUT ACACIA RESEARCH CORPORATION
Acacia Research Corporation’s subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia Research Corporation’s subsidiaries control over 200 patent portfolios, covering technologies used in a wide variety of industries.

Information about Acacia Research Corporation and its subsidiaries is available at www.acaciaresearchgroup.com and www.acaciaresearch.com.