Seattle – JANUARY 20, 2025. TANGIBLE IP, LLC, an international patent brokerage and Intellectual Property advisory firm headquartered in Seattle, with well over 5000 patents sold, announced that it successfully brokered the sale of Allied Security Trust’s (AST) IP3 2023 patent portfolio. The identity of the buyer nor financial details of the agreement could be disclosed. This year’s selection spanned multiple technology sectors including AI, Advertising, Financial Services, Healthtech, Location Based Services, Network Security, Streaming Media, Video Processing, and Wireless, among others.
“We are pleased to have collaborated once again with Tangible IP on the sale of our IP3 2023 patent portfolio. This transaction not only highlights the value of the innovative assets brought forward by our Members but also reinforces the importance of fostering a robust and efficient IP marketplace. We are pleased that these assets have found a home with buyers who appreciate their strategic potential,” said Russell Binns, CEO of AST.
“Each year we are eager to showcase these 30+ lots which represent the best of the best among the over 1000 that were submitted to AST in the prior year’s IP3 acquisition program. While we traditionally have sold smaller groupings of Lots to relevant buyers, this year we were able to broker one sale of the entirety of the portfolio,” said Louis Carbonneau, CEO of Tangible IP. “This not only speaks to the depth of our network, but the caliber of the assets acquired by AST’s sophisticated Membership.”
Tangible IP, LLC specializes in selling high quality unencumbered patents and has now brokered the sale or license of over 5000 patent assets since its inception and has returned tens of millions of dollars back to inventors, shareholders and patent owners.
ABOUT TANGIBLE IP, LLC Tangible IP offers full service patent brokerage and strategic IP advisory services. For more info, visit www.tangibleip.biz or contact us via email at info@tangibleip.biz.
ABOUT AST AST is a member-driven not-for-profit cooperative where representatives from various industries work together to mitigate risk and promote a better functioning IP marketplace. AST now includes Member companies from across multiple industries including information technology, software, semiconductors, communications, automotive, health tech, and social media. For more info, visit www.ast.com.