Seattle – MAY 15, 2026. TANGIBLE IP, LLC, an international patent brokerage and Intellectual Property advisory firm headquartered in Seattle, with well over 5000 patents sold, announced that it successfully brokered the sale of an Occupancy Sensing & Resource Utilization for Connected Devices patent portfolio. The identity of the buyer nor financial details of the agreement could be disclosed. The portfolio offered technology that covers an accelerometer-based apparatus and system that detects the occupancy or use of equipment (e.g., chairs, desks, counters, gym equipment, warehouse tools and other valuables) by continuously monitoring micro-movements against a stored acceleration threshold and managing state transitions with timers and low-power processor operations. This enables real-time occupancy status detection with multi-year battery life.
“Bringing a patent from invention to a successful monetization is a journey few inventors complete. Tangible IP’s strong reputation in the industry is what led us to them in the first place, and the team’s skills and professionalism made a successful deal possible; they connected us with buyers we would never have reached on our own. We’re glad to see this IP asset continue its life with a new owner who will help unlock its full potential,” said Yahya El Iraki, President, Solutions MyIoT Canada Inc.
“Partnering with sophisticated clients on the sale of their portfolio is a pleasure for us at Tangible IP. Leveraging our robust network and expertise, we were able to connect the client with prospective buyers who shared their vision and understood the significance of their patents. Their receptiveness to our guidance and their proactive engagement made the process seamless and productive. We value the trust they placed in us and are thrilled to have assisted them in maximizing the value of their patents,” said Louis Carbonneau, CEO of Tangible IP.
To receive an executive summary and relevant industry use information for other patent 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.