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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
Prism Media Wire· 2025-12-02 13:13
Core Viewpoint - Peer To Peer Network (PTOP) is taking strategic steps to enforce its intellectual property rights in the digital business card industry, aiming to consolidate the market and position itself as the leading entity in a sector projected to reach $300 billion by 2032 [5][6][18]. Company Actions - PTOP has retained LSC IP to initiate formal patent infringement actions and enforce its U.S. utility patents [5][6]. - The company is offering competitors three options: merge with PTOP, pay a licensing fee, or enter a royalty agreement [5][10][14]. - PTOP's Chairman & CEO, Joshua Sodaitis, emphasizes a collaborative approach, aiming to unify the market rather than eliminate competition [9][14]. Industry Context - The digital business card industry is expected to grow significantly, with projections estimating a market size of $300 billion by 2032 [6][18]. - PTOP's patents are foundational to the technology used in nearly all digital business card platforms, positioning the company as a potential market leader [10][15]. - The company's strategy mirrors historical examples of patent enforcement, such as that of the Wright Brothers in the aviation industry, indicating a tactical approach to shaping the market [11][12][13]. Future Outlook - PTOP is preparing to engage in discussions with multiple competitors, indicating an active consolidation strategy that may solidify its leadership in the industry [16].
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
Globenewswire· 2025-12-02 13:00
BOSTON, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Peer To Peer Network, Inc. (OTC: PTOP), the original inventor of the digital business card, or “Electronic Interactive Business Card Mobile Software System With Customer Relationship Management Database” announced today that it has formally retained a law firm to enforce its fully granted U.S. Utility Patents 10,616,368 and 10,270,880. This strategic action positions PTOP to consolidate and lead a digital business card industry projected to reach $300 billion by 203 ...