Seattle – FEBRUARY 26, 2020. TANGIBLE IP, LLC, an international patent brokerage and Intellectual Property advisory firm headquartered in Seattle, with over 3000 patents successfully brokered, announced that they successfully brokered three additional licenses for a patent portfolio pertaining to Multifactor Authentication, belonging to Wireless Key Identification Systems, Inc. The identity of the licensees nor financial details of the agreement could be disclosed. This license provides further validation to the scope and relevance of the Wireless Key ID portfolio with respect to the secure authentication technology, as this is now the fourth distinct license transaction the firm successfully brokered for the client. The portfolio proves its foundational value as it is directly relevant to the FIDO Alliance standards. The portfolio remains available for sale to others and highly relevant to the market, as it is widely practiced by a number of industry leaders. It should be noted that the above licenses were voluntary and occurred as a result of Tangible IP’s outreach to sell the portfolio and did not involve any assertion related activity.
“We reached out to Tangible IP after hearing about their great reputation and we are very happy with the way they have represented our patent assets so far”, said Nick Owen, President of Wireless Key ID. “We understand that it is extremely difficult to sell or otherwise monetize patents without having to litigate and Tangible IP did just that, by extracting significant value for our patent through another round of voluntary licenses, while allowing us to continue to find a good home for this asset ultimately. This is testament to the quality of their work and outreach and the depth of their network. For small companies like us, this is by far the best outcome to recoup value for our innovations and we would recommend Tangible IP to all patent owners who are in our situation”, added Owen.
“Each day we can bring parties together without having to assert patents is a good day”, said Louis Carbonneau, CEO & Founder of Tangible IP. “Offering patents for sale rather than trying to assert them offers us the opportunity to have candid discussions with industry players who may benefit from either acquiring or licensing the assets and it was allowed our client in this case to enter into a mutually beneficial license agreement, in a very amicable context and further monetize a very small portfolio. We could not feel more gratified than providing value this way, while retaining the ability to enter in subsequent transactions of the same nature.”
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Tangible IP, LLC specializes in selling high quality unencumbered patents and has now brokered the sale or license of over 3000 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 firstname.lastname@example.org or by phone at +1 (425) 868-9280