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May 29, 2013 /PRNewswire/ --
Intellectual Property Exchange International, Inc. (IPXI), the world's first financial exchange for licensing and trading intellectual property (IP) rights, today announced that it will conduct two public web presentations on
June 5 at
10 a.m. CT and
8 p.m. CT that will unveil IPXI's first Unit License Right™ (ULR™) contract offering, present important offering details and launch the marketing campaign for the ULR contracts. This first-of-its-kind offering will enable operating companies, investors and other market participants to buy and sell ULR contracts covering a large portfolio of more than 600 patent assets, including 225 issued patents worldwide, related to organic light-emitting diode (OLED) technology for display screen applications. The portfolio is the result of nearly 20 years of research in the field by Koninklijke Philips N.V. (
Philips), the global leader in health care, lifestyle and lighting.
Those interested in participating in the
10 a.m. CT webinar can register
here, and those interested in participating in the
8 p.m. CT webinar can register
here. Participants will have the opportunity to submit questions and comments prior to and during the webinar, which will be addressed as time permits following the presentation. The Offering Memorandum will be made publicly available on the IPXI Electronic Trading Platform following the morning webinar.
The patented technology will be listed on the Trading Platform in the form of
ULR contracts, which are exchange-traded, non-exclusive license rights offered on a nondiscriminatory basis at market-based prices and with standardized terms. The contracts are priced and sold on a technology-unit basis to allow for easy monitoring of the adoption and use of the technology.
The objectives of IPXI include:
Provide an efficient market for patent licensing and technology transfer.
Help organizations reduce the risk of litigation and excessive damage awards.
Provide licensees with broad access to quality-vetted patents and technology at market-established prices with standardized terms.
Assure fair market-based pricing for IP rights.
May 20, 2013, as an indication of its commitment to transparency, IPXI made the updated version of its comprehensive IPXI Market Rulebook publicly available on its website. The
new edition of the Rulebook, the operative version for the first offerings, was developed with significant input from IPXI's Founding Members and represents the effective governance and foundational structure for the issuance, trading, use and enforcement of ULR contracts.
The IPXI Founding Members include some of the world's leading innovative corporations and most prestigious universities and national laboratories. Among the IPXI Founding Members are: Ford Global Technologies, LLC; Philips Intellectual Property & Standards
; Hewlett-Packard Company; J.P. Morgan Chase Bank, N.A., Sony Corporation of America, the Regents of the
University of California, Columbia Technology Ventures,
Northwestern University and Lawrence Livermore National Laboratory.
About IPXIIPXI is the world's first financial exchange for licensing and trading intellectual property rights. The mission of IPXI is to meet the price discovery, transaction efficiency and data distribution needs of intellectual property owners, investors and traders by creating the central marketplace for tradable IP assets. IPXI is funded by a group of U.S. and European investors, including CBOE Holdings, Inc. (Nasdaq: CBOE) and Koninklijke Philips N.V.(Philips) (NYSE: PHG). For more information on IPXI, please see the Exchange Fact Sheet or visit www.ipxi.com.
SOURCE Intellectual Property Exchange International, Inc.