Technology patent owner InterDigital said that a plan to sell itself to the highest bidder had not come to fruition, and that it will now “execute on the company’s business plan and to expand the plan to include patent sales and licensing partnerships.”

It announced in July 2011 that it was reviewing its options, with companies linked to a deal including Google, Intel, Apple, Nokia and Qualcomm. While the company’s share price benefitted immediately, it was subsequently reported that bidders were making offers below its market capitalisation, with Google’s deal to buy Motorola Mobility taking one of the potential big bidders out of the game.

In a statement, Terry Clontz, chairman, said: “The process over the past six months, although not resulting in an offer for the whole of the company, has helped to reaffirm our belief in the breadth and depth of the patent portfolio, the strength of the R&D team, and our technology vision for the future.”

According to the company, it has identified “potential opportunities to further enhance value through targeted sales and/or partnering arrangements involving portions of our large and growing patent portfolio.”

It claims to have a “strong and largely unlicensed mobile infrastructure patent portfolio that we believe could generate significant third party interest in terms of a sale or licensing partnership,” and a “substantial number of 3G and LTE terminal patents that are not necessary to drive our core terminal unit licensing business but could be of significant interest to third parties, again in terms of sales or licensing partnerships.”

InterDigital said that as of 31 December 2011, it had built a portfolio of more than 19,500 patents. It also said that during the year, it filed around 140 new patent applications with the US patent office, “covering its inventions related to the next generation of advanced wireless networks.”

It also said that, to date, it has received “nearly US$3 billion in royalties from 2G and 3G licences.” For the fourth quarter of 2011, its preliminary figures indicate a net profit of US$21 million on revenue of U$74.2 million, with approximately US$678 million in cash and short-term investments.