IP Investment Summit and Live Auction 2007 Catalogue Now Available Online

. April 25, 2007

Ocean Tomo Auctions — the auctions arm of Ocean Tomo, LLC, the leading Intellectual Capital Merchant Banc® firm – today announced the immediate availability of the IP Investment Summit and Live Auction 2007 (“IPILA 2007”) Catalogue. The Catalogue, accessible online at www.OceanTomoAuctions.com, provides essential information regarding the 600+ intellectual property assets to be offered for sale on 1 June 2007 at The Dorchester in London, England.

For the first time, Ocean Tomo Auctions is organizing a live multi-lot IP auction in Europe. The auction follows the Ocean Tomo Spring Live IP Auction, which was held on 19 April 2007 in Chicago, Illinois, where total floor sales reached US$11,429,000, including sales of US$3,025,000 and US$2,860,000 setting the world’s record for highest selling prices for patents at a multi-lot live IP auction. Successful sellers included leading global companies such as Eastman Kodak, Sun Microsystems, Inc., and Iomega Corporation as well as small to mid-size companies, professional inventors, and others.

“Due to overwhelming demand from both our U.S. and European clients and contacts, we decided to offer our live IP auction format to the European market. Given our proven track record in the U.S. and the overwhelming success of our Spring Auction, we believe we can apply those valuable lessons learned to the June Auction and continue to facilitate transactions between sellers and buyers from around the globe,” said Andrew T. Ramer, President of Ocean Tomo Auctions. “We are dedicated to continuing the development of the IP marketplace with the expansion of our auctions and other services to Europe this year and to Asia in 2008.”

In the IPILA 2007 Catalogue available today, prospective bidders will find summaries of each lot along with terms and conditions and other material of interest. IP assets listed for auction are grouped into the following categories: Computer Systems & Electronics; Green Technology/Energy; Automotive Systems & Devices; Medical; Communications; Chemicals/Materials; and Copyrights.

Sellers include top multinational companies such as PCTEL, Inc., Air Products and Chemicals, ABB Research Ltd., MeadWestvaco Corporation as well as small to mid-sized companies, professional inventors and investors.

Diverse Selection

Among the lots listed for sale include patents relating to: a method for updating software via the Internet; methods and systems for digital television signal transmission applicable to HDTV; a sensory device that monitors the eyelid activity of a motor vehicle driver for the purpose of detecting drowsiness; the design and manufacture of customized prosthetic implants from three-dimensional data sets such as CAT scans; and incinerators capable of processing up to 250 tons of waste per day..

Non-patent lots being offered include rare and exceptional copyrighted film footage of world-renowned musicians such as The Beatles, The Rolling Stones, Pink Floyd and The Beach Boys, as well as copyrights to one of the largest photo and photo negative collections, with over 12,000 images of musicians and celebrities taken between 1947 and 1987, including The Beatles, The Rolling Stones, The Who, Queen, The Sex Pistols, David Bowie, Eric Clapton and many others.

Due Diligence

Ocean Tomo’s softbound glossy catalog includes a full summary of each patent (patent number, title, issue date, number of claims, inventors, assignees, diagrams and abstract). However, full due diligence will require registration to Ocean Tomo Auction’s online secure data room which provides information regarding licensing, litigation history, other assigned IP, restrictions and other material facts.

Event Details

IPILA 2007 will be hosted in partnership with Premier Cercleâ„¢, the organizers of the Brussels pan-European Intellectual Property Summit 2006. The IP Summit is the leading European forum bringing together over 650 delegates and speakers from the main institutions (i.e., EC, EPO, WIPO, WCO, etc.) and leading practitioners in the industry as well as investors, senior officials from patent and trademark offices, lawyers, attorneys and members of the judiciary. The 1 June event will feature a morning of panel discussions led by key professionals in the IP and Finance communities followed by the Live IP Auction in the afternoon organized by Ocean Tomo Auctions.

For more information and to register for the IPILA 2007 event, please visit www.ipila2007.com, and for more information on the Live IP Auction and to register to bid, please visit www.OceanTomoAuctions.com or contact us at 312.377.4851 or auctions@oceantomo.com.

About Ocean Tomo Auctions:

Ocean Tomo Auctions, the auctions arm of Ocean Tomo, LLC (www.OceanTomo.com), the country’s leading Intellectual Capital Merchant Banc® firm, has received global recognition as the leader in the live auctioning of intellectual property assets for some of the world’s largest and most established companies. Hundreds of key decision makers in the intellectual property and financial communities attend and participate in the auctions and related workshops, including C-level executives, Fortune 500® IP professionals, investors, small to mid-size companies, inventors and media professionals. Ocean Tomo Auctions has been featured on CNBC, Bloomberg TV, The Wall Street Journal, Barron’s, Red Herring, BusinessWeek, Reuters and more. The live auctions are held in the spring and fall in the U.S. and in the summer in Europe.

Category: Auction News

Comments are closed.