Seattle – APRIL 10, 2023. TANGIBLE IP, LLC, an international patent brokerage and Intellectual Property advisory firm headquartered in Seattle, with over 5000 patents successfully brokered, announced that they brokered the sale of a smartphone camera technology patent portfolio. The identity of the buyer nor financial details of the agreement could be disclosed. This portfolio relates to the movable shutter button for the smartphone camera, presenting an ergonomic method for taking photos and videos, including selfies. The portfolio was widely practiced by large companies operating in this space.
“We are pleased with this initial sale of our patent portfolio and appreciate the care and consideration Tangible IP took to bring this deal to a close. They were able to attract several buyers who understood the value of the assets and who would be worthy custodians of the technology. We would recommend Tangible IP to anyone looking to strengthen their IP strategy by leveraging their patent assets,” said Ryan Klenovich, RollCall, LLC.
“It is rewarding to complete our engagement with such a desirable outcome for our client. Although satisfied with this transaction, we still feel confident that there is significant potential given the untapped value of this portfolio and its relevance to the industry,” said Louis Carbonneau, Founder and CEO of Tangible IP. “In a market where buyers have the luxury of being selective, it is necessary to use innovative avenues to generate proceeds and return value to our clients.”
To receive an executive summary and relevant industry use information for other portfolios actively for sale, 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 5000 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.