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CHICAGO, Aug. 8, 2011 /PRNewswire-Asia/ -- ICAP Patent Brokerage, a division of ICAP plc and the world's largest intellectual property brokerage and patent auction firm, announces an addition to the first ever Covenant Not to Sue (CNS) auction to be held September 27-29, 2011 in Los Angeles.
The new CNS addition comes from Concert Technology Corporation (http://www.concerttechnology.com/). Concert creates and licenses enabling technologies for personal electronics including wireless mobile devices. Concert's research and development efforts target next generation systems for organizing, recommending, and distributing digital content, services and applications -- with a particular focus around mobile applications, location based services and social media. Founded in 2006, Concert has constructed a portfolio of more than 400 patent assets with priority dates ranging from the early '90s to present day.
Dean Becker, CEO of ICAP Patent Brokerage, says, "We are delighted to have Concert Technology participate in our September CNS auction. Their involvement in our most recent event further builds on a relationship that started back in 2006 and will help to make our September auction a success."
Concert is offering four CNSs at the auction, with reserves set according to company applicability. A CNS is an agreement drafted by a patent holder that comprises a promise not to sue the counterparty for infringement of some or all of the patents in the patent holder's portfolio. By allowing a company to purchase a CNS anonymously through ICAP's auction process, ICAP provides the entity a unique opportunity to quickly and efficiently eliminate the uncertainty inherent in potential litigation without compromising their defense strategy in the event of an unsuccessful bid.
ICAP Patent Brokerage is now actively accepting CNS submissions. The full catalog of CNS up for auction will be made available in mid-August. For more information, contact Dean Becker at Dean.Becker@us.icap.com or (561) 309-0011.
About ICAP Patent Brokerage
ICAP Patent Brokerage is a division of ICAP plc and the world's largest intellectual property brokerage and patent auction firm.
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, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information, go to www.icap.com.
