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TELEVENTIONS, LLC PATENTS AND PATENT APPLICATIONS RELATED TO ENH
Jul 02, 2009 (AsiaPulse via COMTEX) --
(Full text of a statement. Contact details below.)
BW)(IL-ICAP-OCEAN-TOMO)(IAP.LSE) TeleVentions, LLC Patents
and Patent Applications Related to Enhancing the Television
Viewing Experience, Including Commercial Avoidance, Are To Be
Sold at ICAP Ocean Tomo Live Intellectual Property Auction on
July 23rd in Chicago Business Editors
CHICAGO--(BUSINESS WIRE) - Jul. 02, 2009-- ICAP Ocean Tomo ?
a division of ICAP (IAP.L), the world's premier interdealer
broker ? today announced it will offer for sale a large number
of patent and patent applications owned by TeleVentions, LLC on
July 23rd in Chicago at The ICAP Ocean Tomo Summer IP Markets
2009 Auction & Conference with essential information regarding
all lots available immediately online at http:/
catalog.oceantomoauctions.com.
The TeleVentions lot comprises over fifty patents and patent
applications relating to methods and systems for automatic
skipping or quick scanning of television commercial "groups"
when using a DVR or any other video recorder with either a
removable or non-removable recording medium. All other proposed
systems for avoiding commercials in a television program
typically operate on the principle of assuming a fixed duration
of commercials or identifying commercials by the level of
frenetic activity at various periods of a broadcast. These
methods simply don't work, and all carry a risk of high error
rates in differentiating ads from program material and
irretrievably losing program material. During the more than
half century of commercial television, no other technology ? in
spite of countless attempts ? has been successful.
TeleVentions' Commercial Advance? works. Implementing
Commercial Advance? in today's video recorders adds little or
nothing to build cost.
TeleVentions? IP strategy has been to build the proverbial
"picket fence" of patent protection around its core
technologies. TeleVentions' '091, '093, '866, '210, '688, and
'658 patents disclose and claim methods and devices that
provide playback of a recorded television broadcast without
commercials or other non-program material. The patented
techniques prevent the loss of program material with a typical
accuracy of 98 to 100 percent. The '689, '443, '977, '405,
'316, '330 and '265 patents provide similarly high accuracy
methods for identifying television programming breaks in real
time. Alternate programming, built-in game playing?or simply
silence?can be enjoyed during the break.
Should the viewer leave the room during the break, the TV or
recorder will notify the viewer with an audible alert that the
program has resumed, or the recorder will simply "pause" the
recording until prompted to resume at the push of a button on
the remote. TeleVentions? lot separately includes assets that
prevent the loss of desired program material. As an example, it
is often the case that broadcasts of sports and awards events
run over their allotted time. TeleVentions' patented technology
prevents the recorder from cutting off the ?overtime' portions
of these programs.
"The patents and patent applications in this lot will be of
interest to any business entity involved in the design, use or
sale of digital video recording systems, game console
manufacturers and consumer electronics companies that target
home entertainment including desktop and laptop computers as
well as cable or satellite service providers," said Dean Becker
of ICAP Ocean Tomo, "and should be valuable for companies
looking to improve their digital video patent portfolios today.
With an opening bid/reserve of $500,000 and over 50 patents and
applications available, the TeleVentions lot is extremely
diverse and attractive."
The technology being sold has been cited as prior art in
patents by numerous firms including Microsoft Corporation
(NASDAQ:MSFT), Intel Corporation (NASDAQ:INTC), Sony
Corporation (NYSE:SNE), and Philips Electronics (NYSE:PHG).
TeleVentions technology is currently licensed by two major
players in the industry.
To request further information about this Lot or to submit
intellectual property for consideration by ICAP Ocean Tomo, or
for general inquiries, call 312.377.4851 or email
auctions@oceantomo.com.
About Auctions by ICAP Ocean Tomo ICAP Ocean Tomo has
received global recognition as the pioneer and leader in the
live auctioning of intellectual property assets. During the
three years since inception, nine Live IP Auctions across the
US, Asia and Europe, which have transacted millions of dollars
benefiting sellers such as inventors, small and mid-size
companies, large corporations, investors and others. Hundreds
of key decision makers in the IP and financial communities
attend and participate in auction events, including C-level
executives, IP and business professionals, investors, inventors
and media professionals. The auctions have been featured on
CNBC, Bloomberg TV, The Wall Street Journal, Barron's, Red
Herring, Business Week, Reuters and others.
About ICAP Ocean Tomo ICAP Ocean Tomo leverages the talents
of experienced intellectual property monetization professionals
to match buyers and sellers for the sale of patents and other
intellectual property assets in private sale transactions,
multi-lot live IP auctions and through Patent/Bid-Ask, the
first and only brokerage and online marketplace for
Intellectual Property.
ICAP Ocean Tomo offers broad-ranging expertise and
unparalleled credibility not currently available in the
emerging patent marketplace continuing ICAP's standard for
excellence and innovation. Combining its brokering expertise
and world-class customer service, ICAP Ocean Tomo brings
stability and liquidity to the patent monetization marketplace
and is currently the intellectual property brokerage of choice
for IP assets in both the primary and secondary markets.
Our veteran brokers have expertise in IP revenue generation,
technology deployment and law. The team uses their vast
knowledge of marketplaces across many sectors throughout the
United States, Asia and Europe to deliver highly-valued
transactions for client benefit.
On June 16, 2009, ICAP and Ocean Tomo, LLC announced that
ICAP had purchased the transactions division of Ocean Tomo. The
new name for the division is ICAP Ocean Tomo.
About The ICAP Ocean Tomo Summer IP Markets 2009 Auction &
Conference The ICAP Ocean Tomo Summer IP Markets 2009 Auction &
Conference will be held in Chicago on July 22nd -23rd at The
Drake Hotel. To register for the CLE approved conference
program visit www.IPMarkets2009.com.
About ICAP ICAP is the world's premier interdealer broker
and provider of post trade services. The Group matches buyers
and sellers in the wholesale markets in interest rates, credit,
commodities, foreign exchange, equities and equity derivatives
through voice and electronic networks.
ICAP has an average daily transaction volume in excess of
$2.3 trillion, more than 40% of which is electronic. ICAP is
also the source of global market information and research for
professionals in the international financial markets. ICAP plc
was added to the FTSE 100 Index on 30 June 2006. For more
information go to www.icap.com.
Media ContactFor ICAP Ocean Tomo:Kristi Stathis 773-294-4360
kstathis@klsedition.com
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