Acacia Subsidiary Enters into License Agreement with American Ballast Corp.

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Acacia Research Corporation (Nasdaq: ACTG - News) announced today that its Lighting Ballast Control LLC subsidiary has entered into a settlement and license agreement with American Ballast Corp. covering patents relating to electronic lighting ballasts. The agreement resolves litigation that was pending in the United States District Court for the Northern District of Texas.

The technology relates generally to controlling power to fluorescent lamps. The technology may be used in lighting ballasts for commercial and industrial applications.

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.

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