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New tool available for searchers of U.S. patents

Ocean Tomo has released new software that makes it easy for users to search assigned patents in the U.S.

In the world of patent assignments, a new tool is at hand. Ocean Tomo, the intellectual property merchant bank, has released a unique searchable database to help folks find what out what kinds of patents the U.S. Patent and Trademark Office (USPTO) is assigning. 

The technology —dubbed the Ocean Tomo Patent Transactions Portal — is designed to enable users to discover recent changes to the patent system, and who has been doled out what assignment through the USPTO. 

Insurance News Net quotes he system architect and CTO for Ocean Tomo Dr. Matthew Beers, PhD on the newest software: "The system is updated weekly allowing users to search the most recent changes in patent assignment amongst all parties.”

Ocean Tomo has also on-boarded new members of its staff to manage its return to intellectual property transactions including managing director James Trueman, previously from Acacia Research Group and Dr. Daniel Vandervelde, PhD, as a director in the Ocean Tomo Transactions practice. The group cites the changes legal, political, and enterprise transformation as a need for Ocean Tomo to reenter the world of IP transactions.

InsideCounsel’s Rich Steeves writes on Ocean Tomo’s expertise in the IP field, and its list of 300 companies selected to sustain a list based on the quality of their patents: “The Ocean Tomo 300 consists of 300 companies selected on the quality of their patents. That index of 300 companies has outperformed the stock market for 15 years, and that is due to the data-driven analysis that is Ocean Tomo’s hallmark. In seeking to create the equivalent of a ‘credit score for IP,’ the company analyzes data to predict which patents are the strongest and uses the resulting scores to make investment decisions.” 

Ocean Tomo has made a name for itself in the evaluation of market value and intellectual property research, particularly in the studies it conducts on the composition of equity market value. The group has historically published information about the trajectory of implied intangible asset value of the S&P 500, dating back to 1975. 

The group’s opinion on the future of the potential trading value for intellectual property takes into consideration the international implications for countries that do not have the same IP regulations the United States does. New technologies also provide new frontiers for IP challenges including 3D printing — as Steeves writes — which have the potential to bring about new changes in platforms of IP.

 

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Contributing Author

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Juliana Kenny

Juliana Kenny is a contributor to InsideCounsel.com, covering a range of topics including patent litigation, conflict mineral laws, executive compensation, and antitrust regulation. Juliana earned B.A.s...

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