Orlando, FL 4/27/12 (StreetBeat) -- Aware Inc. (Nasdaq: AWRE) this morning said It has agreed to sell a group of patents and patent applications to Intel (NYSE: INTC) for $75 million. The patents are in the areas of WiFi, LTE and wireless home networking. Aware this morning also declared a special dividend of $1.15 a share.Aware, a Bedford, Mass., technology company with products in biometrics software and DSL service assurance, this morning also announced Q1 results. For the period, Aware reported revenue of $5.7 million, down 10% from a year ago, with profits of 5 cents a share up from 3 cents a year earlier.
The patent deal is quite a windfall for Aware; as of yesterday the company had a market cap of just $77 million – so $75 million is looking like a pretty fat payday for those patents.
Ergo, AWRE this morning is up $2.26, or 60.4%, to $6.
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