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InPhase Technologies Retains Drakes Bay Company to Monetize Patent Portfolio

19-Jan-2012 | Source : AG-IP News | Visits : 6013
LONGMONT, CO - Signal Lake, majority shareholder in InPhase Technologies, the global leader in holographic digital storage, today announced in a press release that it has retained Drakes Bay Company LLC, an Intellectual Property (IP) brokerage firm, to sell or license its large IP portfolio.

InPhase was founded in 2000 as a Bell Labs spin out and filed for Chapter 11 restructuring with the US Bankruptcy Court in the District of Colorado in October 2011. 

InPhase owns a large IP portfolio related to holographic digital storage media, drives, and systems. The portfolio includes more than 200 U.S. and foreign patents and applications, benefits from early priority dates, and is cited by more than 650 patents in the US Market applications for holography include security, displays, and storage, among others. Prior InPhase patent licensees include Hitachi Maxell, Bayer Material Sciences, and Nichia. InPhase joint ventures partners have included Bayer, Hitachi, and Nintendo. 

"Signal Lake has retained Drakes Bay Company to monetize the InPhase Technologies IP portfolio because of their successful track record, broad network, and management expertise," said Bart Stuck, managing director, Signal Lake. "We believe they will help us unlock the significant value that our portfolio has in holographic technology markets." 

"We are very pleased to be selected by InPhase shareholder Signal Lake to assist in this monetization process" said Joseph W. Jennings, president, Drakes Bay Company LLC. "We will begin marketing the InPhase patents in February 2012."

Drakes Bay Company LLC is an Intellectual Property brokerage firm that serves the IP defense and cash generation needs of operating companies, funds and inventors. Drakes Bay Company was founded by Joseph W. Jennings in 2005 and provides sell- and buy-side services.

Jennings is a member of the Licensing Executives Society and a member of the Intellectual Asset Management 250 World's Leading IP Strategists since 2009.

InPhase Technologies is the leading developer of holographic data storage recording media and systems.
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