SAXON INNOVATIONS SIGNS LICENSE
AGREEMENT WITH HTC CORPORATION

Tyler, Texas - May 13, 2009 - Saxon Innovations, LLC (“Saxon“) announced today that HTC Corporation (HTC) has purchased a license to Saxon’s patent portfolio of 180 U.S. patents.

"We are very pleased to conclude this license agreement with HTC and affirm our licensing program," said Anthony Grillo, Senior Vice President of Licensing at Saxon. As part of its licensing program, Saxon has initiated discussions with numerous consumer electronics manufacturers and has brought enforcement actions in U.S. District Court and in the International Trade Commission.

William Marino, CEO
bmarino@saxoninnovations.com

Mr. Marino has extensive patent litigation and licensing. He has successfully litigated patents, trademarks and other intellectual property cases in U.S. District Courts. Prior to joining Saxon, he was an attorney at Robins, Kaplan, Miller and Ciresi and Mintz Levin Cohn Ferris Glovsky and Popeo. Mr. Marino has served in lead litigation roles on cases covering a range of technologies including computer hardware, microprocessors, sub-sea oil drilling equipment, medical devices and pharmaceuticals. His last two lawsuits resulted in settlements of $275 million. Mr. Marino is a member of the bars of Massachusetts and the District of Columbia, and is admitted to practice before the U.S. Court of Appeals for the Federal Circuit, several U.S. District Courts, and the U.S. Patent and Trademark Office. Mr. Marino earned his degree in biochemistry from the University of Massachusetts, Amherst, and received his J.D., cum laude, from Suffolk University School of Law.

Anthony Grillo, Senior Vice President of Licensing
agrillo@saxoninnovations.com

Mr. Grillo brings a strong combination of legal and business experience. Most recently, he served as Vice President of Licensing for IPVALUE Management Inc. where he lead and managed patent assertion, sale and licensing activities for various clients. Prior to joining IPVALUE, Mr. Grillo was the Vice President of Intellectual Property for Agere Systems where he led a team that generated $140 million in annual revenue from the company's patent portfolio. During his tenure at Agere, Anthony was responsible for all aspects of intellectual property including licensing, patent assertion, patent litigation, and patent prosecution. Prior to Agere, Anthony worked at Lucent Technologies where he was responsible for patent prosecution and licensing matters. Anthony has held positions at various law firms and has also served as an officer in the US Air Force. Anthony holds an undergraduate degree in electrical engineering from the University of Delaware and a Juris Doctor from Villanova University. He is registered to practice at the U.S. Patent and Trademark Office.

Joe Peterson, Senior Vice President of Engineering

Mr. Peterson has extensive technical and management expertise. Mr. Peterson has a BSEE degree from Texas Tech University and a MSEE degree from the University of Texas in 1978. He worked for Rockwell's Collin's Radio Group before attending graduate school. After graduation, he worked for Motorola's Semiconductor group in Austin specializing in analog circuit design for automotive and telecommunications IC's. He moved to AMD when AMD opened their Austin design group in 1984. At AMD he worked on telecom IC's including modems, ISDN transceivers, digital telephone sets, telephone line interface chips, ADSL, and cordless telephone chips. Mr. Peterson was an Engineering Fellow at AMD and was included in AMD's spinoff of its telecom division. The spinoff was named Legerity. At Legerity, he was involved in telecom IC development and was a Senior Fellow and manager of the systems development group at Legerity when they were acquired by Zarlink in 2007.