Sept. 26, 2013
/PRNewswire/ -- Intellectual Property Exchange International, Inc. (IPXI), the world's first financial exchange for licensing and trading intellectual property (IP) rights, announced that it kicked off its inaugural Annual Members Meeting in
last night with a keynote address from
, former Under Secretary of Commerce to
the United States
and Director of the U.S. Patent and Trademark Office (USPTO). The meeting has drawn officials from dozens of IPXI member firms from all over the world that include corporations, universities, research laboratories, law firms and financial institutions.
Taking place at the Four Seasons Chicago, the event will serve as an annual academic and social event for IPXI's members to converse, learn and create community around the established support for an efficient and transparent IP marketplace.
Kappos, now a partner at Cravath, Swaine & Moore LLP in
, is widely credited with reforming the USPTO operations and overseeing one of the most productive periods in the office's history, which included comprehensive rulemaking and extensive public engagement.
Kappos told IPXI members: "A stable IP system is invaluable for the future of innovation. There has been substantial growth in IP-intensive industries over the last several years, and it is time for intellectual property to emerge as an asset class."
IPXI President and Chief Executive Officer
Gerard J. Pannekoek
said: "We are absolutely thrilled at the caliber of our member participants and the dialogue they are fostering at our first annual meeting. Members have flown in from around the world, including
. We have created something entirely new in the IP world, and we could never have accomplished this without the extensive involvement of some of the world's greatest minds in this field."
IPXI continues the meeting today with a range of activities including:
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)
The IPXI Founding Members include some of the world's leading innovative corporations and most prestigious universities and national laboratories. For more information on IPXI, please see the
Exchange Fact Sheet
- Small group discussions led by IP Hall of Fame members Ruud Peters and Marshall Phelps, who also serve on the IPXI Board of Directors. Peters is Chief Intellectual Property Officer of Philips, the world leader in healthcare, lifestyle and lighting. Phelps led IP business and related activities for Microsoft and IBM, two of the world's largest IP owners.
- An interactive demonstration of the IPXI trading platform.
- A luncheon address on standard essential patents and Fair, Reasonable and Nondiscriminatory Licensing (FRAND) by James Carmichael and Mark Catan, both Principals of Miles & Stockbridge. Carmichael is a former Administrative Patent Judge on the Board of Patent Appeals and Interferences.
SOURCE Intellectual Property Exchange International, Inc. (IPXI)