Contact Information: For more information contact: Steven Adam Vice President Business Development 613 829 0067 Ext. 220 stevena@pachira.com
Innurvation Taps Pachira IP for Patent Licensing Representation
| Source: Pachira
OTTAWA--(Marketwire - June 3, 2008) - Pachira IP (www.pachira.com), a leading technical
intellectual property licensing firm, and Innurvation, Inc., a medical
diagnostic device company, have reached an agreement granting Pachira the
exclusive right to license the semiconductor patents owned by Innurvation.
The combination of in-depth semiconductor knowledge and professional
negotiators with years of experience licensing semiconductor patents
uniquely positions Pachira to support Innurvation's advanced semiconductor
patents. The terms of the agreement were not disclosed.
"Like Innurvation, thousands of microelectronic and semiconductor
companies' patents are being used without permission," said Steven Adam,
Vice President of Business Development for Pachira. "This represents
potentially hundreds of millions of dollars in lost revenue."
Innurvation owns some very valuable patented technology that is
incorporated into many advanced integrated circuits. Concerned with
possible infringements of its technology by the semiconductor industry
users, the company turned to Pachira to find examples of use, and enforce
its patent rights.
"Innurvation is confident that Pachira's strategy of developing claim
charts with clear evidence of the use of Innurvation's patented technology
will convince companies using this technology to purchase a license," said
Kevin Powell, Innurvation's Chief Intellectual Property Officer.
Pachira is quickly becoming the preferred choice among companies intent on
enforcing their semiconductor and electronics patent rights. Like
Innurvation, companies rely on Pachira to find evidence, create a case and
negotiate licenses or sell their patents to maximize IP revenue. Pachira
works closely with each client to review their portfolio and identify
valuable semiconductor and microelectronics patents, and those that claim
the technologies being used to produce products. The firm then identifies
and develops evidence and produces Claim Charts that clearly show the value
the patented technology provides in commercially available products.
Founded in 2007, but with deep roots in the semiconductor and
microelectronics industries, Pachira IP (www.pachira.com) is an authority
on helping patent owners to extract financial value from their patents. By
providing in-depth technical expertise and patent knowledge, Pachira is the
only "one-stop-shop" for semiconductor and microelectronics patent owners
looking to license or sell their patents. Pachira, whose experts have
participated in hundreds of licensing programs over the last decade, serves
customers around the world.