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Posts Tagged: "Larsen"

House Aviation Subcommittee Holds Hearing on Unmanned Aerial Systems (UAS), Flying Cars and Passenger Drones

The development of UAS vehicles for delivering packages or passengers could go a long way in alleviating issues of congestion occurring along the nation’s roadways. Aviation subcommittee ranking member Rep. Rick Larsen (D-WA) spoke to these possibilities, citing a recent industry scorecard which found that U.S. drivers spent 40 hours each year stuck in traffic during peak hours, leading to an economic loss of $300 billion in lost productivity. Larsen noted that there were currently more than 50 passenger drone concepts in development and was the first of a series of Representatives attending the hearing to note that such technologies would make the science fiction world of The Jetsons a distinct reality.

VirnetX wins nearly $440 million verdict against Apple, including willful infringement damages

On Monday, October 16th, the Internet security company VirnetX (AMEX:VHC) of Zephyr Cove, NV, announced the results of a patent litigation campaign it had pursued against Cupertino, CA-based consumer tech giant Apple Inc. (NASDAQ:AAPL). According to a press release issued by VirnetX, the Eastern District of Texas increased the damages to be paid by Apple from $302.4 million in a prior jury verdict up to nearly $440 million for Apple’s infringement of patents covering secure communications in applications like FaceTime.