Seattle – DECEMBER 16, 2021. TANGIBLE IP, LLC, an international patent brokerage and Intellectual Property advisory firm headquartered in Seattle, with over 4500 patents sold, announced that it successfully brokered the sale of a six family patent portfolio pertaining to Smart Home & Building Management technologies, owned by Honeywell International Inc. Neither the identity of the acquirer nor financial details of the agreement could be disclosed. Although these patent families are now off the market, the remainder of the portfolio is still available for acquisition or licensing. Key innovative technologies covered by the portfolio include building management systems, smart door locks, biometric access and smart lighting systems.
“By nurturing and investing time in our vast buyers’ network, we were able to identify the perfect home for this high pedigree portfolio and provide mutually beneficial preliminary results for the client and buyer, while retaining the ability to still complete other transactions on the remaining assets. We are very pleased with this initial transaction and look forward to finding the right buyer for the remainder of the assets in this portfolio,” said Louis Carbonneau, Founder & CEO of Tangible IP.
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 4500 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.