Seattle – August 6, 2014: Tangible IP Secures License for Seller of Vehicle Inspection Patent Portfolio
Tangible IP announced the license of a patent portfolio pertaining to electronic vehicle inspections belonging to Seattle-based company Fleettrakker, LLC to industry leader Zonar Systems, Inc. The financials of the agreement were not disclosed. This license provides further validation to the scope and relevance of the Fleettrakker vehicle inspection portfolio at a time when the Department of Transportation is making the whole industry migrate to electronic reporting for commercial vehicle safety inspections, which are mandated by law.