Spain’s Iberdrola sells stake in gas pipeline operator Medgaz

Spanish utility major Iberdrola SA (MCE:IBE) on Friday unveiled a EUR146m (USD193.4m) deal to sell its 20% stake in gas pipeline operator Medgaz SA to Fluxys Belgium NV (EBR:FLUX).

Medgaz was set up in 2001 to design, build and run a pipeline that connects Algeria to Spain. Other shareholders include Spanish oil group Cepsa and Algeria’s Sonatrach, which were its initial founders.

Spain-based Medgaz operates a deep water gas pipeline from Algeria to Europe through Spain, the first such project built at 2,000 metres in the Mediterranean Sea.

The pipeline is to supply gas from Beni Saf on the Algerian coast to Almeria in Andalusia region of Spain, according to Medgaz’ website

TeleCommunication Systems sells 2 single gesture map navigation patents to IP Cube Partners

TeleCommunication Systems, Inc. (NASDAQ: TSYS) and IP Cube Partners Co. Ltd of South Korea, said that TCS has sold two of its US patents to IP Cube Partners for a multi-seven-figure payment.

TeleCommunication Systems, Inc. (NASDAQ: TSYS) and IP Cube Partners Co. Ltd of South Korea, said that TCS has sold two of its US patents to IP Cube Partners for a multi-seven-figure payment.

The two patents are: “Single Gesture Map Navigation Graphical User Interface for a Personal Digital Assistant” (US Patent No. 7,142,205) and “Single Gesture Map Navigation Graphical User Interface for a Thin Client” (US Patent No. 7,439,969). The patents involve the use of a stylus for navigating a map application on a hand-held device, such as a personal digital assistant or smartphone.

“IP Cube Partners is one of South Korea’s leading intellectual property companies, and the sale of these two patents represents a next step in our program of monetising the company’s growing IP (intellectual property) portfolio,” said Maurice B. Tose, TCS chairman, CEO and president.

With more than 15 years of investing in innovations for public safety, mobile location, messaging and the wireless communication fields, TCS has created an impressive intellectual property portfolio. In calendar year 2012, TCS was issued 52 US patents, which brings the total number of patents issued worldwide to date to 271; TCS also filed 86 US patents, with more than 380 patent applications pending worldwide.

TeleCommunication Systems is a world leader in highly reliable and secure mobile communication technology. The company’s website is at www.telecomsys.com.

KVH double broadband capacity for Caribbean

KVH Industries, Inc. (NASDAQ: KVHI) said it has doubled the capacity of its mini-VSAT Broadband network in the busy Caribbean region.

KVH Industries, Inc. (NASDAQ: KVHI) said it has doubled the capacity of its mini-VSAT Broadband network in the busy Caribbean region.

The capacity increase was provided as part of the ongoing global network upgrade involving deployment of variable coding, spreading, and modulation technology provided by ViaSat, Inc., KVH’s partner in the mini-VSAT Broadband network. This was the second major upgrade to the mini-VSAT Broadband network in less than a month, following the recently announced improvements that increased the capacity in Europe by more than 60%.

KVH Industries, Inc., is the provider of in-motion satellite TV and communications systems, having designed, manufactured, and sold more than 150,000 mobile satellite antennas for applications on vessels, vehicles, and aircraft.