Tangible IP Sells LED Lighting-Related Patent Portfolio
Seattle – June 2, 2014. TANGIBLE IP announced the sale of a patent portfolio pertaining to LED remote dimming belonging to Canadian operating company Gecko Alliance Group, Inc. (Gecko), which had become widely adopted by the lighting industry. The purchaser was member-based patent holding company Allied Security Trust (AST) who acquired the portfolio on behalf of some of its members. The financials of the deal could not be disclosed but the seller was able to retain a license back to the portfolio that will enable it to continue its normal business operations unencumbered. With this latest transaction, the premiere brokerage firm continues to lead the patent brokerage community with over 2000 patent assets brokered since its inception.