Network-1 settles patent suit with networking vendors; Beijing PowerUnique Technology signs first banking client

> Patent licensing company Network-1 Security Solutions (OTC BB: NSSI) has settled its patent litigation against seven major networking vendors-including ADTRAN, Cisco, Enterasys Networks, Extreme Networks, Foundry Networks, and 3Com. Network-1 sued over use of its Remote Power Patent. News release.

> Beijing PowerUnique Technology, a subsidiary of network virtualization vendor China VoIP & Digital Telecom Inc. (OTC BB: CVDT), has signed its first banking client: CITIC Group (Other OTC: CHBJF.PK), a state-owned investment company. BPUT will deploy a data center virtualization solution. News release.

> XLN Telecom Ltd., which provides telecom services for small businesses in the UK, is the regional winner of the British Venture Capital Association Portfolio Company Management Award (BVCA PCM Award) for the best Private Equity Backed Team of the Year (mid-market). News release.

> Paul J. Milbury, a Starent Networks veteran, has joined the board of directors at Infinera (Nasdaq: INFN). News release.

> Verizon's  Small Business Center will host a free webinar tomorrow, July 21 at 2:00 PM EDT to help small business owners "amplify their content on the Web." Details.

> JDSU is offering new testing tools for next-generation converged Ethernet networks, according to CED Magazine, which will enhance 10 Gb Ethernet testing. Story.

And finally... A new biography on the life of radio pioneer Guglielmo Marconi is out--one that focuses on the business side of the Marconi story as well as the science. No squabbling about whether Tesla was there first, kids. Details here.