This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IPXI® Prices First Offerings; Intellectual Property Market Opens For Trading

CHICAGO, July 21, 2014 /PRNewswire/ -- Intellectual Property Exchange International, Inc. (IPXI), the world's first financial exchange for licensing and trading intellectual property (IP) rights, announced that on Friday it successfully closed its first two initial offerings of unit license rights. The offerings are based on patent rights to prepaid stored value card (SVC) technology owned by JPMorgan Chase Bank, N.A.  Trading on the contracts can now take place on the IPXI Trading Platform.

Intellectual Property Exchange International, Inc. (IPXI).

IPXI President and Chief Executive Officer Gerard Pannekoek said: "We are delighted to price our first offerings and usher in the start of trading – the result of years of preparation, extensive consultation with the world's leading IP experts, infrastructure-building and market education. This is a significant milestone, particularly as it demonstrates that companies are willing to voluntarily license valuable technology without litigation."

He added: "These are the first in what we expect will be a long line of offerings involving well-vetted IP portfolios that together can make the one-to-many licensing model significantly more efficient for all parties, thereby reducing costly litigation, bringing much-needed transparency and enabling organizations to monetize their innovations. We anticipate a slow but steady build as those who have and need valuable technology begin to adopt this model. The SVC technology offerings are a great beginning, as many of the financial participants who are operational users are already adept at participating in financial markets."

The SVC offerings are in the form of Unit License Right™ (ULR™) contracts. Created by IPXI, ULR contracts are standardized, exchange-traded, non-exclusive patent license rights. 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 initial offerings for the SVC ULR contracts were considered Tranche A, and the next issuance of the contracts, Tranche B, is now available on the exchange's trading platform. Each standard contract – providing license rights to 17 U.S. patents and four U.K. patents filed as early as 1998 – represents the right to produce 100 stored value cards. According to industry resources, in 2014, more than $200 billion is expected to be loaded onto prepaid cards in the United States.

Trading is now open to both operational users – those who wish to license the technology rights – and professional trading firms and institutions interested in investing in and trading IP-based contracts.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs