Venture-Backed TrueContext Sells Non-Core IP

TrueContext Mobile Solutions Corp., an Ottawa, Ontario-based mobile data solutions company, has agreed to sell certain domestic and international non-core patents in return for one-time net proceeds of approximately US$570,000. The purchaser of the patents was not identified. The publicly listed TrueContext is a portfolio company of Canadian venture capital firms Skypoint Capital and Wesley Clover International Corp.

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