Quest Patent Research Corporation is an intellectual property asset management company that focuses on the acquisition licensing and enforcement of patent rights. The firm was incorporated in Delaware on July 17 1987 under the name Phase Out of America and later changed its name to Quest Products Corporation in 1997 and to Quest Patent Research Corporation in 2007. It has been engaged in the intellectual property monetization business since 2008 and maintains its principal executive office at 411 Theodore Fremd Ave Suite 206S Rye New York 10580 1411. As of March 15 2026 the company employs two officers one of whom works on a part time basis.

Quest Patent Research Corporation generates revenue primarily through the grant of licenses to use its patented technologies which are typically obtained as part of settlement agreements in patent infringement lawsuits. The company acquires patent portfolios either by outright purchase or by securing an exclusive license and then seeks to monetize those assets through structured licensing programs. When necessary it initiates or continues litigation to enforce its rights and to compel potential infringers to take licenses. All of the company’s patent license revenues to date have resulted from litigation commenced by Quest Patent Research Corporation. Financing for acquisitions and litigation costs is often obtained from affiliated entities such as QPRC Finance QF3 QFL and Intelligent Partners under arrangements where those financiers receive a portion of the net proceeds from monetization before the company retains any remaining proceeds. The firm also conducts due diligence and risk underwriting before completing any acquisition or partnership to assess the merits and potential value of the underlying intellectual property.

Quest Patent Research Corporation operates within the highly competitive intellectual property monetization industry where it faces numerous private and public companies that also acquire license and enforce patent rights. Notable competitors mentioned in the filing include Acacia Research Corporation Intellectual Ventures Quarterhill Inc MOSAID Technologies Inc Network‑1 Security Solutions Interdigital Inc IPValue Management Inc Pendrell Corporation Inventergy Global Inc Netlist Inc Parkervision Inc Walker Innovation Inc Anjay Venture Partners LLC Daedalus Group LLC and others. Most of these competitors have longer operating histories significantly greater financial resources and larger personnel teams than Quest Patent Research Corporation. The company’s limited cash position working capital deficiency and low stock price may impair its ability to negotiate favorable terms with patent owners and to finance acquisitions without third party support. Despite these challenges Quest Patent Research Corporation seeks to differentiate itself by emphasizing its due diligence process its focus on structured licensing and its willingness to engage counsel on contingent fee arrangements to reduce litigation costs.

The company’s customer base consists primarily of technology manufacturers and service providers that are alleged to be using the patented technologies without authorization. Quest Patent Research Corporation has initiated or been involved in patent infringement suits against a range of corporations including Samsung Electronics Seagate Technology Holdings Texas Instruments Trend Micro Incorporated Checkpoint Software Technologies Ltd Palo Alto Networks Inc Fortinet Inc Crowdstrike Inc Musarubra US LLC ZTE Corporation Guangdong OPPO Mobile Telecommunications Corp Ltd MediaTek Inc NXP Semiconductors NV and others. Settlements reached with these parties have generated licensing revenue for the firm. In addition the company seeks to license its patents to any entity that manufactures or sells products that incorporate the patented inventions such as producers of semiconductors data storage devices networking equipment and mobile communications gear. The firm’s revenue depends on securing licenses from these types of companies either through negotiated agreements or as a result of litigation outcomes.