Mosaid sells off non-strategic patents for $11 million to undisclosed buyer

Mosaid Technologies Inc. has sold off a handful of non-strategic patents to an undisclosed buyer for $11 million. The Ottawa patent and licensing company said the sale, which the buyer will pay for over an undisclosed time frame, is part of Mosaid's plan to focus further on areas of future growth. The five patent families involved were not being licensed by Mosaid and, as a result, were not bringing in any new revenues.