We use the services of officers, employees and our legal firm, Handal & Associates, to assist us in investigating and evaluating prospective licensees and strategic partners for our intellectual property. With respect to our Flash-R patent portfolio this has included documenting possible current and past infringement. While we have identified a large number of products and companies that we believe are using our Flash-R technology, this is an ongoing process as new products and companies are identified from our research. To date we have filed patent infringement litigation and sought licenses from 91 companies and related distributors with 47 agreeing to license terms as of June 5, 2014. The Flash-R patent portfolio is protected through the years 2014-2016. We will not be able to license or bring action to enforce the Flash-R patent portfolio after.
In April, 2014 we elected to expand our relationship with our legal firm, Handal & Associates, to include monetization activities related to our Nunchi patent portfolio. We may elect or be required to enforce this portfolio of intellectual property in a similar manner to the Flash-R portfolio if we identify parties we believe are infringing on our patented technology.
We believe we are building a track record of demonstrating the strength, validity and clarity of our various patent claims and the value of our intellectual property and we believe that we can build a growing licensing business from our intellectual property portfolios.
