Seattle – MAY 4, 2021. TANGIBLE IP, LLC, an international patent brokerage and Intellectual Property advisory firm headquartered in Seattle, with over 4000 patents successfully brokered, announced that they brokered the sale of a patent portfolio pertaining to video processing, encoding and streaming, now belonging to France Brevets. The patents originated from Nokia. This comes following the successful licensing of the same patents to several Fortune 500 companies late last year. The identity of the acquirer nor financial details of the agreement could be disclosed. This sale provides further validation to the scope and relevance of the portfolio with respect to the video streaming industry.
“Even after the initial licenses, and now sale, we still feel confident that there is significant potential given the untapped value of this portfolio and its relevance to the industry. It is rewarding to close the book on our end with such a desirable outcome for our client,” said Louis Carbonneau, Founder and CEO of Tangible IP. “We feel extremely satisfied with how we have been able to use innovative avenues to generate proceeds and return value to our clients that far exceed in aggregate the industry average.”
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Tangible IP, LLC specializes in selling high quality unencumbered patents and has now brokered the sale or license of over 4000 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.
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.