Retracting Cable Lock with GPS Security Surveillance & Tracking Patents Available on the Ocean Tomo Bid-Ask Market

Mon, 2/18/2019 - 3:00PM — KRISTI L. STATHIS

Ocean Tomo Bid-Ask™ Market patent portfolio auction of patents related to retracting cable locks with GPS-enabled surveillance and tracking.

Ocean Tomo Transactions announced lot 87, the patent auction of technology related to retracting cable locks with GPS-enabled surveillance and tracking.

The patents in lot 87 cover the cable/chain recoiling function and how it improves on typical hand spooling, by automatically recoiling a loose cable/chain within the housing to increase efficiency. This also prevents cumbersome loose cable flailing that can cause damage to people or property.

The on-board GPS function increases security through motion activation, geo-fencing and real time tracking of property. This feature can be monitored by security personnel, fleet managers and other authorities via a smartphone or other handheld device, tablet or desktop computer; it can also be monitored through open API by an Unmanned Ariel Vehicle (UAV).

The patents in this auction would be of interest to construction industry trades, security companies, utility and transportation equipment management companies, fleet management companies, retail security companies, among others.

To request bidder credentials or for further information on this auction or other auctions on the Ocean Tomo Bid-Ask™ Market, contact Layna Guo at or 1-312-327-8179.

The Ocean Tomo Bid-Ask Market is an open on-line platform to buy and sell patents. This market is an important step forward, both as a simplified solution for patent transactions as well as a source of information on patent pricing. The Ocean Tomo Bid-Ask Market uniquely combines the efficiency of an online platform with an experienced team of brokers fluent in both English and Mandarin. The market uses standard transaction documents and is open, transparent and free to view.



Kristi L. Stathis is the Marketing Director for Ocean Tomo and serves on the board for the Center for Applied Innovation, a Chicago-based non-profit organization created to manage education, public policy outreach and related economic activity around applied technology and intellectual property (IP) rights in the State of Illinois and around the world. She is the co-creator of the Center for Applied Innovation’s Invent for Humanity™ Technology Transfer Exchange Fair, a community, marketplace and event facilitating Appropriate Technology transfer for the betterment of mankind. She also serves on the board of The Children’s Research Fund, principal benefactor of the Stanley Manne Children’s Research Institute, the research arm of Ann & Robert H. Lurie Children’s Hospital of Chicago, having served as the annual campaign co-chair in 2013.


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