ICAP Ocean Tomo — a division of ICAP (IAP.L), the world’s premier
interdealer broker — announced it will offer for sale a large
number of patent and patent applications owned by TeleVentions, LLC on
July 23rd in Chicago at The ICAP Ocean Tomo Summer IP
Markets 2009 Auction & Conference with essential information
regarding all lots available immediately online at http://catalog.oceantomoauctions.com.
The TeleVentions
lot comprises over fifty patents and patent applications relating to
methods and systems for automatic skipping or quick scanning of
television commercial “groups” when using a DVR or any other video
recorder with either a removable or non-removable recording medium. All
other proposed systems for avoiding commercials in a television program
typically operate on the principle of assuming a fixed duration of
commercials or identifying commercials by the level of frenetic activity
at various periods of a broadcast. These methods simply don’t work, and
all carry a risk of high error rates in differentiating ads from program
material and irretrievably losing program material. During the more than
half century of commercial television, no other technology — in spite of
countless attempts — has been successful. TeleVentions’ Commercial
Advance® works. Implementing Commercial Advance® in today’s video
recorders adds little or nothing to build cost.
TeleVentions‘ IP strategy has been to build the proverbial “picket
fence” of patent protection around its core technologies. TeleVentions’
'091, '093, '866, '210, '688, and '658 patents disclose and claim
methods and devices that provide playback of a recorded television
broadcast without commercials or other non-program material. The
patented techniques prevent the loss of program material with a typical
accuracy of 98 to 100 percent. The '689, '443, '977, '405, '316, '330
and '265 patents provide similarly high accuracy methods for identifying
television programming breaks in real time. Alternate programming,
built-in game playing…or simply silence…can be enjoyed during the break.
Should the viewer leave the room during the break, the TV or recorder
will notify the viewer with an audible alert that the program has
resumed, or the recorder will simply “pause“ the recording until
prompted to resume at the push of a button on the remote. TeleVentions‘
lot separately includes assets that prevent the loss of desired program
material. As an example, it is often the case that broadcasts of sports
and awards events run over their allotted time. TeleVentions’ patented
technology prevents the recorder from cutting off the ‘overtime’
portions of these programs.
“The patents and patent applications in this lot will be of interest to
any business entity involved in the design, use or sale of digital video
recording systems, game console manufacturers and consumer electronics
companies that target home entertainment including desktop and laptop
computers as well as cable or satellite service providers,” said Dean
Becker of ICAP Ocean Tomo, “and should be valuable for companies looking
to improve their digital video patent portfolios today. With an opening
bid/reserve of $500,000 and over 50 patents and applications available,
the TeleVentions lot is extremely diverse and attractive.”
The technology being sold has been cited as prior art in patents by
numerous firms including Microsoft Corporation (NASDAQ:MSFT), Intel
Corporation (NASDAQ:INTC), Sony Corporation (NYSE:SNE), and Philips
Electronics (NYSE:PHG). TeleVentions technology is currently licensed by
two major players in the industry.
To request further
information about this Lot or to submit intellectual property for
consideration by ICAP Ocean Tomo, or for general inquiries, call
312.377.4851 or email auctions@oceantomo.com.
About Auctions by ICAP Ocean Tomo
ICAP Ocean Tomo has received global recognition as the pioneer and
leader in the live auctioning of intellectual property assets. During
the three years since inception, nine Live IP Auctions across the US,
Asia and Europe, which have transacted millions of dollars benefiting
sellers such as inventors, small and mid-size companies, large
corporations, investors and others. Hundreds of key decision makers in
the IP and financial communities attend and participate in auction
events, including C-level executives, IP and business professionals,
investors, inventors and media professionals. The auctions have been
featured on CNBC, Bloomberg TV, The Wall Street Journal, Barron’s,
Red Herring, Business Week, Reuters and others.
About ICAP Ocean Tomo
ICAP Ocean Tomo leverages the talents of experienced intellectual
property monetization professionals to match buyers and sellers for the
sale of patents and other intellectual property assets in private sale
transactions, multi-lot live IP auctions and through Patent/Bid-Ask, the
first and only brokerage and online marketplace for Intellectual
Property.
ICAP Ocean Tomo offers broad-ranging expertise and unparalleled
credibility not currently available in the emerging patent marketplace
continuing ICAP’s standard for excellence and innovation. Combining its
brokering expertise and world-class customer service, ICAP Ocean Tomo
brings stability and liquidity to the patent monetization marketplace
and is currently the intellectual property brokerage of choice for IP
assets in both the primary and secondary markets.
Our veteran brokers have expertise in IP revenue generation, technology
deployment and law. The team uses their vast knowledge of marketplaces
across many sectors throughout the United States, Asia and Europe to
deliver highly-valued transactions for client benefit.
On June 16, 2009, ICAP and Ocean Tomo, LLC announced that ICAP had
purchased the transactions division of Ocean Tomo. The new name for the
division is ICAP Ocean Tomo.
About The ICAP Ocean Tomo Summer IP Markets 2009 Auction & Conference
The ICAP Ocean Tomo Summer IP Markets 2009 Auction & Conference will be
held in Chicago on July 22nd -23rd at The Drake Hotel. To register
for the CLE approved conference program visit www.IPMarkets2009.com.
About ICAP
ICAP is the world’s premier interdealer broker and provider of post
trade services. The Group matches buyers and sellers in the wholesale
markets in interest rates, credit, commodities, foreign exchange,
equities and equity derivatives through voice and electronic networks.
ICAP has an average daily transaction volume in excess of $2.3 trillion,
more than 40% of which is electronic. ICAP is also the source of global
market information and research for professionals in the international
financial markets. ICAP plc was added to the FTSE 100 Index on 30 June
2006. For more information go to www.icap.com.
