Seattle – SEPTEMBER 2, 2020. TANGIBLE IP, LLC, an international patent brokerage and Intellectual Property advisory firm headquartered in Seattle, with over 3500 patents successfully brokered, announced that they successfully brokered four licenses with various Fortune 500 companies for a patent portfolio pertaining to video processing, encoding and streaming, now belonging to France Brevets. The patents originated from Nokia. 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 portfolio with respect to the video streaming industry. The portfolio remains available for sale to others and is highly relevant to the industry, as it is widely practiced by a number of industry leaders. It should be noted that the above licenses were voluntary and did not involve any assertion related activity.
“We have retained Tangible IP several times so far to help us monetize strategic parts of our vast patent portfolio,” said Guillaume Ménage, Deputy CEO of France Brevets, “and each time, they find a new and creative way to get deals done that return money to our organization and its stakeholders and partners. We could not be more pleased about these interim results and we know that the portfolio still has significant relevance to others in the industry. We also like the fact that Tangible IP can have cordial licensing discussions with so many players and that their business model is based on mutual alignment of interests,” said Ménage. “We intend to continue our relationship with them in the future as they always deliver on their engagements.”
“We feel quite gratified every time we are able, as in this case, to string some licenses in place with large industry players in a way that avoids any threat of litigation and focuses instead on the benefits for the licensees of being covered for their needs through the licensing of high quality patents,” said Louis Carbonneau, Founder and CEO of Tangible IP. “Furthermore, this accelerates the dissemination of the underlying inventions in the ecosystem, which in turns enhances the ultimate customer experience,” said Carbonneau. “This is also testament of the high pedigree of the France Brevets assets and we look forward to continuing our monetization efforts with this portfolio going forward.”
To receive an executive summary and relevant industry use information for this portfolio, please inquire at info@tangibleip.biz.
Tangible IP, LLC specializes in selling high quality unencumbered patents and has now brokered the sale or license of over 3500 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 or by phone at +1 (425) 868-9280.
ABOUT FRANCE BREVETS SAS. Created in March 2011, France Brevets is a company owned by the French State and the Caisse des Dépôts. Its missions focus on protecting technological innovations though highly relevant patent portfolio creation, as well as leveraging intellectual property assets in order to sustain companies’ business. France Brevets deploys experts in France, Asia as well as North America. For more info, visit www.francebrevets.com.