Ocean Tomo’s Live IP Auction to be Held in Conjunction with IAM’s CIPO Summit Gathering Hundreds of Senior Members of the Global IP Community
CHICAGO--(BUSINESS WIRE)--Ocean Tomo Auctions, LLC -- the auctions arm of Ocean Tomo, LLC, the leading Intellectual Capital Merchant Banc® firm -- today announced the immediate online availability of its European 2008 Live Intellectual Property Auction Catalogue. The Catalogue, which is accessible at www.OceanTomoAuctions.com, provides essential information regarding forty lots to be auctioned on 26th June at The NH Grand Krasnapolsky in Amsterdam. (A supplemental catalogue will also be released in early May.)
Auction Background
This will be the firm’s second auction in Europe, held as a follow-up to its auction in London last year, where on-the-floor sales totaled £4,095,300 (approximately €6,040,977; $8,100,503) and a world-record was set for the highest selling price for a single patent at a multi-lot live IP auction for £2,475,000 (€3,650,873; $4,895,550).
Over the past two years since inception, Ocean Tomo has transacted approximately $70+ million at its IP auctions across Europe and the US, benefiting sellers, such as inventors, small to mid-sized companies, top multinational corporations, investors and others.
“Our team has worked diligently to review the thousands of intellectual property assets we received to ensure the catalogue offers the quality assets that are expected at an Ocean Tomo Auction,” said Andrew T. Ramer, President of Ocean Tomo Auctions. “We’ve received great support from the European IP community and are offering assets from some noted European companies. We are excited to be back in Europe and are looking forward to another successful event.”
Catalogue Details
The Catalogue allows prospective bidders to review summaries of each lot, including patent number, title, issue date, assignees, potential licensees, forward citations, expected value, diagrams and abstract, along with the Auction’s terms and conditions, a forward citation index, schedule of events, and other materials of interest.
Included amongst the lots being offered for sale is the domain name £.com as well as patents relating to: Wireless electronic payment from a mobile device; Video compression technology; Controlling the power of fluorescent lighting technology; Universal adapter providing an interface between a cell phone and landline; Voice communication system for converting telephone numbers; Encryption process for increased email communication privacy; Medical records and communication system; Self-executing program in email messages; and Redirecting a communication session from data to voice.
IP assets are grouped into 15 categories including: Online & Mobile Commerce; Digital Media Systems & Management; Computer Systems & Software; Lighting Technology; Information Management & Data Systems; Fluid Handling; Location Based Systems & Logistics; Security & Authentication Systems; Communications; Messaging; Electronics & Handheld Devices; Smart Cards; Manufacturing & Automation; Telemedicine; and Domain Names.
IP Business Congress Event
The auction is being held in conjunction with the first-ever Chief Intellectual Property Officer (CIPO) Summit, organized by Intellectual Asset Management (IAM) magazine. The two events combined, titled the IP Business Congress, will be one of the major IP events of 2008 and quite probably the year’s most important gathering of global IP business leaders. All day on 25th June and the morning of 26th June, the CIPO Summit, with a world-class faculty of over 70 speakers, will focus on understanding the roles and responsibilities of the CIPO, and on the afternoon of 26th June, Ocean Tomo will hold its live IP Auction. For more information and to register for the IPBC, please visit www.ipbusinesscongress.com.
To view the online Catalogue, please visit www.OceanTomoAuctions.com. For more information regarding any of the lots or to register to bid, please contact us directly at +1.312.377.4851 or auctions@oceantomo.com.
About the Ocean Tomo Transaction Practice
Intellectual Property owners seek to balance a variety of financial and business objectives when monetizing their assets including deal structure, price, publicity and marketing, competitive intelligence and expenditure of resources. The Ocean Tomo Transaction Practice offers four primary products and services designed to meet such needs -- Private IP Brokerage, Live Multi-Lot IP Auctions (www.OceanTomoAuctions.com), Patent/Bid-Ask™ (www.patentbidask.com) and The Dean’s List™ Online IP Exchange (www.thedeanslist.com). Each solution is tailored to provide the proper forum and appropriate level of service based on the client’s specific requirements.
About Ocean Tomo, LLC
Established in 2003, Ocean Tomo, LLC (www.OceanTomo.com) is the leading Intellectual Capital Merchant Banc™ firm that specializes in understanding and leveraging Intellectual Property (“IP”) assets. The company provides advice in IP-related mergers and acquisitions, investments, valuations, financial & survey expert testimony, analytics and IP auctions. Headquartered in Chicago, Ocean Tomo has offices in San Francisco, Palm Beach, Orange County and Washington, DC. Subsidiaries of Ocean Tomo include: Ocean Tomo Auctions, LLC; Ocean Tomo Asset Management, LLC; and Ocean Tomo Capital, LLC -- publisher of the Ocean Tomo 300® Patent Index (Amex:OTPAT), the Ocean Tomo 300® Patent Growth Index (Amex:OTPATG) and the Ocean Tomo 300® Patent Value Index (Amex:OTPATV).
