Blonder Tongue Sells Selected Patent Rights

Blonder Tongue Laboratories, Inc. announced today that its wholly owned subsidiary, Blonder Tongue Investment Company, has completed the sale of selected patents to Moonbeam L.L.C., for net proceeds of $2,000,000.

In connection with the sale, Blonder Tongue will retain a non-exclusive, royalty free, worldwide license to continue to manufacture, use, sell, distribute and otherwise exploit all of the Blonder Tongue products currently protected under these patents. These products include some of the Interdiction lines in the Addressable Subscriber category of equipment.

Founded in 1950, Blonder Tongue Laboratories, Inc. has evolved from a manufacturer of electronic equipment for the private cable industry to a principal provider of integrated network solutions and technical services to broadband service providers. The Company designs, manufactures, and supplies a comprehensive line of equipment to deliver video (analog & digital), high speed data and voice services over integrated coaxial and fiber optic broadband networks today and over packet based, Internet protocol networks of the future

By Blonder Tongue Laboratories