Lots of news from Broadcast International (OTC.BB: BCST) coming through at the moment, which could of course mean a couple of things 😉
The deal is described as a strategic alliance with ipCapital Group, Inc. – in turn described as a leading intellectual property strategy firm – the aim being to to drive the strategic expansion and protection of Broadcast International’s IP portfolio.
Rod Tiede, president and CEO of Broadcast International said “This partnership with ipCG gives Broadcast International the opportunity to increase the value and breadth of our disruptive, patented multi-codec technology. ipCG has the methodology, expertise and proven track record of optimizing IP value and will implement a plan to protect and expand upon our robust patent portfolio. We believe this partnership will maximize Broadcast’s competitive advantages, giving us the opportunity to monetize our IP and create new revenue streams.”
Under the agreement, ipCG will provide ongoing IP management support and facilitate a series of invention sessions in 2012 using its proprietary tools and techniques for invention and IP strengthening.
John Cronin, managing director and chairman of ipCapital Group said “Upon recent analysis of the patent landscape in the video compression space, we see significant market opportunity to expand Broadcast International’s IP portfolio. Its software-based artificial intelligence and multi-codec patents are disruptive to the video compression ecosystem, which historically has focused on traditional hardware-based single codec solutions. The rapid shift seen in video content delivery reconfirms our belief that we can capitalize and expand the exceptional value from Broadcast’s game-changing patents.”
About ipCapital Group
ipCapital Group has been serving clients that range from early stage to Fortune 500 since 1998. Its interdisciplinary team trained in business, law, marketing, and product development provides a systematic and comprehensive view of the full lifecycle of IP, from creation to value extraction. ipCapital Group maximizes business results for clients that seek to develop and execute IP strategies, strengthen and monetize IP portfolios, and establish and implement Intellectual Asset Management (IAM) practices.