E-Commerce Patents Will Be Sold at Auction
CHICAGO - Ocean Tomo Auctions says it will sell several Lots containing core intellectual property relating to various aspects of E-Commerce and online privacy protection at The Ocean Tomo Spring 2007 Live Intellectual Property Auction on April 19th at the Union League Club of Chicago.
Examples of this intellectual property include patents relating to online protection of private consumer information, centralized online management of personal information, online ordering of goods and services, online consumer feedback and ratings applications, and management of credit card accounts for online purchases. Acquisition of these Lots represents a rare and unique opportunity for companies with any focus or efforts in E-Commerce.
“In light of some of the recent high profile IP related litigation involving such world-renowned companies as eBay, Amazon, Google and others, we recognize that demand for broad patents in this area should generate a high level of interest,” said Andrew T. Ramer, President of Ocean Tomo Auctions. "We believe the public live auction format is ideal for the sale of such properties as bidders remain completely anonymous throughout the process, and interested parties can acquire high-quality patents without publicly revealing their strategic initiatives.”
In 2004, Ocean Tomo organized one of the most widely-publicized patent auctions, where it sold a portfolio of e-commerce patents for $15.5 million. The patents were held by bankrupt dot-com company Commerce One, Inc. and covered “Web services”, an early e-commerce mechanism that facilitates communication between online marketplaces.
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