Ultimately, the value of any patent rests on the scope of rights secured and the ability to enforce those rights, but not all patents are created equal. The Ocean Tomo Ratings™ system develops and validates quantitative measures of the patent quality, as well as the relative proximity of patents and technologies.
The OTR™ objectively scores and rates patent assets based on a proven statistical methodology. The OTR™ score is mathematically determined from the identified metrics for each patent using our patented and proprietary rating system.
The OTR™ score system has a median of 100. Patent assets with higher OTR™ scores are statistically more likely to generate economic returns. As a person's credit score is used by banks and lenders to determine financial risk, a patent asset's OTR™ score is used by IP professionals, investors, and corporate strategic planners to determine value and quality.
OTR™ scores are unique to each particular patent examined and are updated monthly. Scores are based on certain identified predictive variables determined to have statistically significant correlation to patent quality.
A statistically derived measure of patent to patent (technology) relatedness that ranges from 0 to 1, 1 being the most relevant and 0 being the least relevant and is effectively a probability of patents being cited at the first generation. It has been built by mining all citational relationships that exist among millions of US patents, spanning well over past 50 years and is used by corporate users to quickly identify relevant art, technologies, players and competition.
All data accessible through OceanTomo.com/ratings was prepared by Ocean Tomo based on proprietary algorithms and other statistical information provided by PatentRatings, LLC. All scores, ratings and ranks are statistical in nature and are based on publicly available data. They are not based on, nor do they consider any legal opinions or other professional opinions, advice or other information (public or otherwise) that may have bearing on the subject matter of the analysis. No direct statistical correlation has been established between IPQ scores and "fair market value," royalty rates, validity, enforceability or infringement and IPQ scores should not be relied upon to prove or establish the existence or probability of such facts. No direct statistical correlation has been established between Relevance scores and patentability or materiality, and Relevance scores should not be relied upon to prove, establish or support any opinion of the materiality or patentability of one patent in view of another. Some of the information and services provided by this website may be covered by one or more of the following U.S. patents: 6,556,992; 7,657,476; 7,716,226; and other patents pending. Copyright 2001-2013 PatentRatings, LLC. Copyright 2013 Ocean Tomo, LLC. All rights reserved.
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