04 Apr Major Auto Manufacturer Patent Monetization – Press Release
Cardinal Intellectual Property’s Patent Monetization Practice Played Key Role in Sale of Safety Product Patent Portfolio to Major Auto Manufacturer
Helped Fortune 50 company monetize safety product patent.
Evanston, Illinois (July 9, 2014) – According to the Harvard Business Review, two-thirds of U.S. companies own unused or significantly underused technology. Cardinal Intellectual Properties (CIP), a global leader in intellectual property services and premier provider of patent research, helps clients to identify opportunities to gain new revenue or reduce costs by putting such technology or other IP assets to use. Most recently, CIP brokered the sale of a client’s safety product patent portfolio with a major auto manufacturing company (Fortune 50).
CIP was sought out by their client to investigate sales and licensing opportunities through an evaluation of its extensive patent portfolio. As part of the monetization effort, CIP identified numerous key patents, assigned value, and marketed the patents to potential buyers, leading to the sale of their client’s large safety patent portfolio.
“With our team valuating their portfolio, our professionals discovered information our client may not have realized otherwise,” Nathan Frederick, Director of Litigation Services, said. “Through our analysis, CIP was able to bring our client unrealized capital gains and properly position their portfolio to maximize its value and ROI. That is at the heart of what our patent monetization practice is all about – we take a proactive approach and individualize it based upon our clients’ specific needs.”
About Cardinal Intellectual Property (CIP):
Cardinal Intellectual Property is the leading intellectual property services company in the U.S. Our clients includes Fortune 500 companies, middle market companies, high-growth start-ups, law firms and educational/research institutions. Cardinal offers a full range of portfolio monetization products and services including IP Valuation, Assertion Studies, SCORE, Invalidity research, and Assignee/Ownership/Maintenance Fee Reviews. Cardinal’s accurate and effective analysis and value assessment help support companies’ licensing, asset sale, or acquisition needs. Cardinal also provides technology solutions for intellectual property management including Invention Disclosure Processing, Docketing, E-Discovery, and Competitive Monitoring. Our technology platforms incorporate rigorous security and data protection standards. We do not outsource our software or research services, enabling the company to maintain the highest standards of quality, confidentiality and accountability. For more information, please visit www.cardinal-ip.com.