Seattle – September 10, 2015: Tangible IP Announces Sale of Automotive Patent Portfolio

TANGIBLE IP announced the sale of a patent portfolio pertaining to electronic vehicle inspections belonging to Seattle-based company Fleettrakker, LLC. The identity of the buyer and the financials of the agreement were not disclosed. This sale 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.