“Our desire is to see the IP utilized to facilitate as many image-driven online transactions as possible. This announcement further validates the value of the IP to the market and expands the licensing of the IP into the mobile banking sector. The team at Tangible represent the best-of-the-best of IP brokers and their market expertise has been extremely valuable to us in pursuing our desire to get the IP into the hands of those that can best leverage it in today’s market.” — Sarah Pate, CEO of Summit 6, LLC
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“As a large boutique IP firm, we regularly come across patents that our clients are not sure they want to maintain or that otherwise have some untapped potential and be monetized externally through a sale. While we are not equipped internally to provide these services, we have found a reputable and reliable partner in Tangible IP and its CEO Louis Carbonneau who has assisted our clients in extracting value for their assets while we can focus on our core competencies, i.e. drafting and prosecuting great patents. Conversely, we have retained Tangible IP in order to help discretely acquire third party patents for one of our large clients. We recommend any law firm who has a need for these services to work with Tangible IP as we have it the past and plan to do in the future.”
-Stephan Georgiev, Partner, Smart & Biggar
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“As with many innovators, the process of creation, not business development is what interests me most,” indicated Mr. Staats. “In the course of nearly a decade, I have seen a significant change in the marketplace. Intellectual property no longer garners the same level of respect as companies speed to market with little consideration for overlapping design. I feel highly fortunate to have had Tangible IP as my partner through this arduous process, from initial engagement to a completed transaction. Louis was patient, diligent, and steadfast even when I was ready to walk away. He continued to search, dig, and provide opportunity where I would certainly have failed.”
– Kai Staats, Inventor
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“We have known for years that we had developed great technology and a strong patent portfolio. Unfortunately, we did not have the kind of resources that the semiconductor industry requires to launch new products. We searched for a reputable brokerage firm that could best represent our assets to the marketplace and found it with Tangible IP. They took great interest in our portfolio and assigned considerable resources to analyze it and properly market it to potential buyers. They approached this transaction as a dedicated business partner would do and remained involved until the deal was fully consummated. I couldn’t be happier with their representation and would recommend them to anyone looking to monetize their IP.” – Tim Brown, CEO, Cyber Instruments
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“We work with many patent brokerage firms and I am always impressed with the quality of the materials Tangible IP prepares in connection with each portfolio they offer for sale. We also did a deal with them and they were extremely professional and true advocates for their clients.” – Linda K. Biel, Senior Vice President, Business Development of Allied Security Trust I
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“We thought we had sold this patent a little while ago thanks to the efforts and outreach of Tangible IP. When the initial buyer reneged on a transaction they had already approved internally without offering any reasons, Louis and his team went straight back to task and continued to present our patent to buyers until they found the right deal for me. I don’t know of many people who would have continued to work that hard to complete a sale after they had already done all the work once and the initial deal did not go through due to no fault of theirs. They also represented me very professionally during the second transaction and made sure I was comfortable with all the business terms. Frankly, I consider they went above and beyond what I would have expected from a patent broker. I would recommend them to anyone without hesitation.” – David Stackpole, Inventor and Owner
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“We had tried to sell this portfolio before with another group, to no avail. We were then referred to Tangible IP who completely redid the analysis and prepared detailed charts that showed that the industry had adopted our innovations. The also helped us with guidance and advice to improve some of our pending patents in order to broaden their appeal and scope. We now have a more complete portfolio that better reflects the breadth of our innovations. Tangible IP was also instrumental in negotiating a deal structure that now allows us to continue to benefit over time from our earlier contributions. We are very happy with the hard and high-quality work they have done for us and for the relentlessness in their efforts to see a transaction through until closing. We could not have made a better choice.” – Ken Kramer, Principal and Sole Inventor, Kenneth J. Kramer, LLC
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“As we secured valuable patent assets early on when developing our location service technology, we saw an opportunity recently to recoup our earlier investment in R&D and reinvest the proceeds to support our next market forays. We did our research and selected Tangible IP because it had the most impressive track record in the industry, having sold over 2000 patents. They were also known for their high integrity, a deep rolodex of buyers and their relentless advocacy on behalf of their clients. The team at Tangible IP did a stellar job analyzing and preparing our patents for a sale. Their technical team is second to none. They were also extremely thorough and showed outstanding negotiating skills when navigating multiple offers, undergoing due diligence and securing a license grant back to our operating company. We couldn’t be more satisfied with both the outcome and the quality of their representation and would recommend them without any hesitation.” – C. Lionel Houry, CEO of Mexens
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“We are very pleased with the result of this sale. We realize that it was accomplished in adverse market conditions and we commend Tangible IP for all the hard work they had to put in this project from start to finish to analyze the portfolio, help optimize some of the pending claims that were subsequently allowed, prepare extensive evidence of use and broker a deal that will allow an industry leader to take advantage of our novel intellectual property in their own offerings. These transactions are complex and we could not have closed this without the relentless work Tangible IP’s team to keep the ball moving and dot all the Is and cross all the Ts until the deal was fully consummated. They were extremely thorough and kept the deal alive until we could cross the goal line. I would definitely recommend Tangible IP to anyone who needs to monetize their patents”. – Robert Keith, Principal and Sole Inventor of MaxSP
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“When we retained Tangible IP to help monetize this portfolio, we were hoping for one transaction to declare victory. We never dreamed that Tangible IP would be able to monetize this portfolio twice, first by signing a significant licensee and then by selling the portfolio outright. This is a great result that exceeded our expectations. Tangible IP was creative in their approach and were able to successfully navigate what we understand is a pretty tough IP marketplace in order to bring revenues back to us in two different ways. We couldn’t be more satisfied with their expertise, dedication and results. I wouldn’t go with any other brokerage firm if I have other patents to sell in the future“. – John Hart, Founder and CEO of Fleetrakker LLC
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“Like many individuals who invent by necessity, or frustration like in this case, I don’t mind seeing the industry take on my ideas and make everyone else benefit from it, as long as there is a way to reward the inventor for his or her contribution. I am very happy that we contacted Tangible IP and that they provided a simple conduit to monetize this patent rather than being forced to contact companies that practice our patents and have to enforce those ourselves, which we had no interest in doing. After they reviewed our assets, Tangible IP undertook to present the portfolio in a way that showed its value to the industry and guided us throughout the negotiating and closing process, which is never simple. The materials they prepared were really solid and they spared no efforts and expense making sure they would hold under scrutiny. We also appreciate the way we were kept abreast at every step leading to closing the sale (and even after) and how Tangible IP managed our expectations throughout. I would recommend them without hesitation to anyone who wants to divest its patents.” – Elizabeth Dyor, Inventor
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“When we first contacted Tangible IP, we owned these patents that had been quite foundational 10+ years ago, which we had broadly licensed to the industry at that time. Recently, another firm had tried to monetize them with very limited success. Now they were mostly collecting dust and costing us money to maintain. Fortunately, Louis Carbonneau and his team were able to build a compelling story as to the remaining licensing potential of the portfolio, which generated significant interest and a great exit for us. We can now have closure and move on to new projects knowing that we optimized the return on our initial investment. All along, Tangible IP was a great partner, navigating the negotiation process like real pros and they were instrumental in keeping the deal alive when it looked like it might no longer happen. I would recommend them without hesitation to anyone who wants to divest its patents”. – Charlie Osenbaugh, CEO, TMLN
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“This is a classic case where we are able to give a second life to a technology we developed years ago and which underlying concepts embodied by our patents were still of value to other industry players. We had tried to sell these patents ourselves last year unsuccessfully before we were referred to Tangible IP by our prosecuting law firm. After they reviewed our assets, Tangible IP undertook to present the portfolio in a way that showed its value to the industry and guided us throughout the negotiating and closing process, which is never simple. The materials they prepared were first class. We also appreciate the way we were kept abreast at every step leading to closing the sale and how Tangible IP managed our expectations throughout. I would recommend them without hesitation to anyone who wants to divest its patents”. – Keith Pieper, CEO, Working Research
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“After doing our research on several patent brokerage firms, we were impressed with tangible IP’s approach and track record. They have the reputation of selling patents where many others have failed and being true advocates for their clients who will not let relent regardless of how long it might take or how difficult it might be to bring a transaction to fruition. Our experience in this transaction was no different and we were really impressed in how they were able to present our portfolio in the best possible light and negotiate much better terms for us than originally offered. I would definitely recommend Tangible IP to anyone who needs to monetize their patents”. – Paul Pottgen, CEO, Tall Oak Ventures, LLC
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“Although this took years to unfold, it is extremely rewarding to see the industry finally catch up with inventions we made a while back and we are gratified that Zonar Systems has come forward to secure a license to our portfolio to take advantage of the improvements that we made to the conventional approach for inspecting vehicles. We trust the rest of the industry will follow on their steps or that the right acquirer for our patents will be able to make this technology available to the community at large. As our brokers, Tangible IP did a very impressive job preparing our patents for a sale and marketing to the IP business community and to relevant industry players, as well as with helping us negotiate this license in place when Zonar reached out to us. We now hope that our patents will find a good home as we are focusing on other innovations. – John Hart, Founder and CEO of Fleetrakker LLC
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“Tangible IP was an effective advocate for their client. Together, we achieved a rapid, successful transaction that served both the seller’s interests and our own, with an exceptional level of skill and professionalism demonstrated throughout the process by the Tangible IP team.” – Dan McCurdy, CEO, Allied Security Trust (AST)
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“We knew we had developed a great technology many years ago and, as in most cases, it took quite a while for the industry to catch up. Fortunately, we worked with Tangible IP from day one and they stayed with us through thick and thin and never wavered until we finally received compensation for this strategic patent portfolio. Their expertise, patience and dedication to see this deal through regardless of what needed to be done was instrumental in getting us past the goal line and we couldn’t be happier that we selected Louis Carbonneau and his team to broker those assets. Their knowledge of the industry and players allowed them to navigate through the whole process and their deep relationship was key to expediting the closing at the end when other transactions with our buyer were stalling.” – John Talbot, President, VVS
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“We are delighted that Tangible IP was also able to negotiate for us to retain a full license to our patents thereby allowing us to monetize our assets while continuing to grow our VOD offering under full patent protection. They fully deserve their reputation as being the gold standard for patent brokerage.” – Claudio Castravelli, Co-Inventor and VP, VVS
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“Throughout this process, Louis Carbonneau and his team at Tangible IP prepared extremely solid and detailed materials to support a high valuation and did a masterful job in negotiating a complex international transaction with the acquirer all the way to closing and showed flexibility and creativity to see this transaction through. We couldn’t be more satisfied with their level of service, advocacy and expertise.” – Bubby Valentino, President, Plastics Inventions & Patents, Inc., d/b/a Beyond Edison
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“As a small company with just a few LED patents in our portfolio, this is the first time we ever tried selling patents and the whole process was new to us. Louis Carbonneau and the whole team at Tangible IP drove this project from start to finish in a very impressive manner. They invested significant resources and retained the best technical experts to prepare a very compelling set of materials that were key in getting multiple offers on our portfolio in only a few weeks after going to market. Their deep understanding of the nuances surrounding such transactions and their personal relationships with the various players also greatly helped with the negotiation, due diligence and closing process. They are seasoned professionals and we felt very comfortable with their advice and representation throughout.” – Benoit Laflamme, VP R&D and Marketing, Gecko Alliance Group, Inc.
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“We initially tried to sell our patent portfolio through another broker and it is only when Tangible IP was retained to help co-brokering these assets that we got a formal offer from a buyer. Selling patent is ultimately a numbers’ game and Mr. Carbonneau and his team have access to a very large group of buyers, which raises the odds that one of them will like any given portfolio. We also appreciate the way we were kept abreast at any step leading to closing and that Tangible IP managed our expectations throughout. I would definitely recommend them to those who want to monetize their IP.” – Claes Persson, Inventor
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“Tangible IP presents an opportunity for monetization of patents by clients who may otherwise be incapable of achieving this result. Being in private practice in a growing U.S. patent boutique law firm with ten attorneys, I have represented five clients who have utilized the services of Tangible IP in successfully monetizing their patent portfolios. In each instance, I have found Louis Carbonneau and his team competent and effective, and I would recommend them to others and I will continue to recommend them to my clients.” – Chad Tillman, Managing Partner, Tillman Wright PLLC
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“Louis Carbonneau of Tangible IP is among the best IP brokers we work with nationally. The service his firm provides and the executive summaries and charts they produce are first-rate.” – Greg Wright, General Counsel of Quality Night Lights, Inc.
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“We tried to sell [these] patents through another other brokerage firm without success before we were referred to Tangible IP and Mr. Carbonneau. We were really impressed with the time and efforts that Louis and his team of experts invested in order to understand our specific market, grasp the particulars of the patents on offer and produce a very high quality set of marketing and technical materials that made a compelling case for the patents and were instrumental in getting not only one, but two solid offers on our portfolio. Louis’ experience with the closing process was also really comforting and we were able to complete the transaction in a matter of weeks without any hiccups once the financials had been agreed upon with the buyer. We definitely plan to retain the services of Tangible IP in the future to divest of other assets.” – Scott Jezierski, CEO, Wireless Imaging
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“I must commend Tangible IP for building a very compelling case around the patent portfolio through their technical and market analysis and for helping guide us through the negotiations and closing of a very complex transaction. People don’t fully appreciate how many things could go wrong in these deals and it takes a lot of skills and knowledge to see them through. Very few people have this level of expertise and we feel very fortunate that we had Louis and his team on our side throughout. This is a great outcome for the creditors of TeraHop and a great acquisition for the buyer who acquired a very high quality portfolio.” – Kent Johnson, President, KLJ Consulting LLC
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“We tried to sell these patents through other brokerage firms for over two years without success. We now realize that the reputation and network of a broker are absolutely paramount to the business of selling patents. Louis’ reputation in the industry is stellar and his relationship with the many buyers was key here to being able to find a buyer at a price we liked in such short time. With his business and legal expertise, he also guided us throughout the whole process so that there were no surprises along the way and we had a high level of confidence that the deal would sustain the buyer’s due diligence process and close as scheduled. We definitely plan to the services of Tangible IP in the future to divest of other assets.” – Mr. Lawrence Lee, CEO, Baxtech
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“We are extremely grateful for our collaboration with Tangible IP, as these types of transactions are complex. We dealt with a significant number of sophisticated buyers. Louis’ leadership and advice were crucial in determining the best option for our company. We filed these patents in the process of developing our technology and software. Our patents have been analyzed thoroughly by many potential buyers. We are thus confident that these are strong assets.” – Mathieu Audet, Founder and CEO, Maya-Systems Inc.
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“We couldn’t be happier with our choice to have retained Tangible IP to market and sell our patents. We quickly realized that the IP team assembled by Tangible IP was top notch and provided clarity of direction developing a very well-articulated technical demonstration of the portfolio’s reach and relevance to buyers. They were also masterful in their negotiating with a very sophisticated buyer while guiding us through the process so that we knew exactly what was going on, all the way up through closing, and even afterward. Through their efforts and dedication, they almost doubled the initial offer resulting in mutual success! The Tangible IP team was very competent, professional and responsive and we couldn’t have done it without them.” – David Pezzutti, CEO, TSSI
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“When it came to selling our IP, we saw two important elements — first, understanding the market value of what we had and second, choosing the right broker that could help us unlock that value for the right client. We found Louis through the strong recommendation of a mutual friend and never regretted our decision to work with him — his strategic and tactical advice was sound, his contacts impeccable, his expertise and experience were top-tier. Above all, he was a great team player, working to create a deal that was good for us and for the eventual buyer. Louis and his firm earned our trust and showed he deserved it by meeting or exceeding what he had promised. All in all, working with him and his firm is a first-class experience.” – Allan Davidson, Co-owner, Successes.com