Chicago, IL; March 3, 2022: Ocean Tomo Transactions announced today an update on the public intellectual property brokerage platform for IP auctions and transactions. The update highlights the market’s information value, including 339 publicly-observed patent transactions reported via the Ocean Tomo Bid-Ask™ Market, data and insights on portfolios auctioned via the Market, and the portfolios submitted for consideration to the Market.
The Ocean Tomo Bid-Ask Market launched 46 auctions, having screened more than 250 submissions in 2021, with 35% of the submissions including patents from multiple jurisdictions. Notably, the Ocean Tomo Bid-Ask Market team successfully closed a transaction valued at $2 million. More than 25% of the lots listed this year included non-patent assets such as trademarks, software code, and prototypes.
More than 20% of the sellers were from outside the United States. Ms. Layna Guo, who oversees the Ocean Tomo Bid-Ask Market, notes that “65% of the auction assets were from operating companies” seeking to divest non-core assets”. Sellers remain bullish on the value of IP. During 2021, the average ASK per patent in the OTBA Market is up from $150,176 in 2020 to $180,759 in 2021.
Further insights related to the market, including top industries, top jurisdictions, average listing price per patent, among others, can be found on the Ocean Tomo Bid-Ask Market LinkedIn page.
The Ocean Tomo Bid-Ask™ market continues to see interest from buyers to purchase patents, intellectual property and other intangible assets related to the following technologies: medical device, video/audio Codec, WIFI, flexible display, Micro-Cavity Light-Emitting Diode (MCLED), Organic Light-Emitting Diode (OLED). Further Ocean Tomo buyers are interested in patented technology and intangible assets related to wireless charging, lithium-ion batteries, solid state batteries, electrolytes, semiconductor packaging and processing, Artificial Intelligence (AI), data processing, Internet of Things (IoT) and cloud computing with a particular interest in assets with demonstrated commercial use.
Patent owners interested in submitting technology for auction on the Ocean Tomo Bid-Ask™ Market can submit them here. All submissions will be received in confidence. For further information on the Ocean Tomo Bid-Ask™ Market, contact Layna Guo firstname.lastname@example.org or +1 312 327 8179.
About Ocean Tomo Bid-Ask™ Market
The Ocean Tomo Bid-Ask Market is an open online 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 ofinformation 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.