THE plague of patent trolls may be going away. We shall say more about it in the weekend.
Korean sovereign patent fund Intellectual Discovery (ID) has continued its recent trend of selling assets to US licensing entities, with the disposal of a package of 15 US patents to a company called Compact Lens Technologies LLC. The transaction was recorded on the USPTO assignment database earlier this month.
The buyer appears to be controlled by IP Valuation Partners, a Texas-based IP advisory business led by a group of former IPNav and Dominion Harbor executives. Jonathan Szarzynski, whose name is listed on the assignment document is, according to this site, the manager of Compact Lens Technologies. The portfolio of assets relates to camera lens technology.
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That has led to the emergence of companies like Dominion Harbor, which was formed in 2013 by a group of former IPNav execs and in February was involved in one of the biggest deals of the year so far when it acquired a portfolio of around 4000 former Kodak assets from Intellectual Ventures. With several large patent owners like ID and IV looking to dispose of assets the new breed of private NPEs are certainly not struggling for buying opportunities.
Japanese patent fund IP Bridge today announced plans to launch a $50 million “Intellectual property and innovation” fund with Malaysian partners. The new entity will invest in national and regional enterprises in Malaysia that are “IP rich or to-be-rich”, with a particular focus on technology areas including IoT. The fund’s goals echo those of another major investment vehicle founded in Singapore earlier this year, suggesting that we may yet see more money poured into the region’s IP ecosystem.
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On the patent side of its business, IP Bridge recently announced a new assignment to its IP fund by an unnamed Japanese corporate. Recent USPTO assignment records show that the source of the patents – which are related to the H.264/AVC and H.265/HEVC standards – was Seiko Epson, which transferred at least six granted US assets to IP Bridge in late August. Another recent recordal indicates that the fund received 10 US patents from Avago (now known as Broadcom), possibly as part of the two parties’ recent settlement after US and China assertions by the NPE.