Peer To Peer Network (PTOP) Retains Patent Infringement Counsel as PTOP Moves to Consolidate the Digital Business Card Industry and Enforce Its Intellectual Property Portfolio

Core Viewpoint - Peer To Peer Network, Inc. (PTOP) is taking strategic legal action to enforce its U.S. utility patents, aiming to consolidate the digital business card industry projected to reach $300 billion by 2032 [1][13]. Company Actions - PTOP has retained LSC IP, a law firm specializing in intellectual property disputes, to assist in enforcing its patents [3]. - The company plans to offer competitors three options: merge with PTOP, pay a licensing fee, or enter a royalty agreement for every product sold [6][7]. Industry Positioning - PTOP's patents cover the foundational technology for nearly all digital business card platforms, positioning the company as a potential market leader [5][11]. - The company aims to unify the market rather than eliminate competition, promoting collaboration through licensing and partnership agreements [10]. Market Strategy - PTOP's strategy is likened to the Wright Brothers' approach in the aviation industry, emphasizing the importance of strong patent enforcement to shape and protect the market [7][8]. - The company is preparing to engage in discussions with multiple competitors, indicating a proactive approach to market consolidation [11].