|By Business Wire||
|May 14, 2014 09:07 AM EDT||
Innography, the innovative software provider of better intellectual property answers for improved business results, has entered a partnership with Patent Properties, Inc. (OTCQB: PPRO) to provide the core data and analytics technology to power The United States Patent Utility and No-Fault Licensing Service by Patent Properties.
“It’s an honor to have been selected by Patent Properties to partner on this unique and innovative patent licensing solution,” said John F. Martin, chairman and CEO, Innography. “This partnership further validates the technical superiority of our correlated data sets, multi-faceted patent search and IP analytics.”
As part of the partnership, Patent Properties will gain access to Innography’s high quality data encompassing nearly 90 million U.S. and international patents from 102 jurisdictions that has been cleansed, normalized and correlated. In creating The United States Patent Utility and No-Fault Licensing Service, Patent Properties will also leverage Innography’s powerful semantic search tools, which identify commercially relevant relationships between products and patents based on conceptual meaning, and accurate and up-to-date U.S. and international IP litigation data, correlated to normalized company names and patent assignees.
“We partnered with Innography given their world-class patent analytics and data search capabilities that will help power our disruptive patent licensing solution,” said Jonathan Ellenthal, Vice Chairman and CEO of Patent Properties. “We look forward to working closely with Innography as we prepare to launch The United States Patent Utility and its No-Fault Package license later this year.”
Innography provides better answers to questions about intellectual property to help organizations improve their business results. Innography’s proprietary software suite combines unique data correction, correlation and visualization technologies to enable users to quickly gain valuable insights for building, monetizing and defending their patent portfolios, as well as analyzing technology trends and gaining competitive intelligence. Founded in 2007 and based in Austin, Texas, Innography is the world’s premier Intellectual Property Business Intelligence provider. For more information about Innography, please visit www.innography.com.
About Patent Properties, Inc.:
Patent Properties, Inc. (OTCQB: PPRO) will continue to develop and commercialize its unique portfolio of intellectual property assets, which were created by Walker Digital, LLC, the research and development lab led by internationally recognized inventor and entrepreneur Jay Walker, and will also introduce a disruptive licensing solution for the mass market of patent owners and users. Mr. Walker is best known as the founder of priceline.com and has twice been named by TIME magazine as “one of the top 50 business leaders of the digital age.” All of the patents owned by the company were developed internally by Walker Digital, LLC, with Jay Walker as a named inventor on all issued patents and the lead inventor on the vast majority. Additional information regarding the company can be found at www.patentproperties.com.