CHICAGO, June 5, 2013 /PRNewswire/ -- Intellectual Property Exchange International, Inc. (IPXI), the world's first financial exchange for licensing and trading intellectual property (IP) rights, today launched its first Unit License Right™ (ULR™) contract offering. During its first public web presentation held at 10 a.m. CT, IPXI unveiled details about the first-of-its-kind offering covering a portfolio of more than 600 patent assets – including 225 granted patents globally – related to organic light-emitting diode (OLED) technologies for display screen applications. Registration is still available for a second webinar tonight at 8 p.m. CT ( 10 a.m. June 6 in Tokyo).
The two webinars have thus far attracted a combined more than 250 participants who registered in advance, including officials from some of the world's leading corporations and financial institutions. Immediately following the webinar, IPXI made the OLED Offering Memorandum available in the data room accessible from IPXI's trading platform on the company's website. The Memorandum is the formal marketing and disclosure document for the offering. Additional information is available through a data room on the trading platform. The marketing period for IPXI's first-ever offering will also include visits to industry conferences, meetings and presentations with prospective investors and licensees in the United States, Europe and Asia. Once the initial offering is subscribed with sufficient indications of interest, the first tranche of the offering will close, and trading will begin on the trading platform the following day.
The portfolio is the result of nearly two decades of comprehensive research and development in the field by Koninklijke Philips N.V. (Philips), the world leader in healthcare, lifestyle and lighting. Initiated in the early 1990s, the research resulted in one of the largest and most robust patent portfolios in OLED technology. The OLED ULR offering will be for display screen applications only.