Wednesday, 2 September 2015

Reliable patent ownership records: an ORoPO update

Ten weeks on from the launch of the Open Register of Patent Ownership (ORoPO), the number of companies that have made their verified patent ownership records available for consultation and use has risen to 11.   The ORoPO Register, which includes industry-leading patent owners ARM, BAE, IBM and Microsoft have recently been joined by three more companies:
* Allied Security Trust (AST), a member-based patent holding company that helps protect its members from patent infringement lawsuits by non-practising entities. The idea behind AST is simple: its members each contribute to the operating expense of the trust, which hold funds in escrow for the purchase of patents. Each member's escrow funds are used for the purchase of only those patents in which they are interested. Those members involved in the purchase are then licensed to use the patents, which are eventually sold or donated (a "catch and release" strategy. AST's 29 members, which span three continents, include ARM, Avaya, Ford, Google, Honda, HP, IBM, Intel, Microsoft, Oracle, Philips and Sony.

* Spherix Inc., a company that describes itself as being "committed to advancing innovation by active participation in all areas of the patent market". Through its January 2014 acquisition of over a hundred patents from Rockstar Consortium Inc and its earlier acquisition of several hundred patents issued to Harris Corporation, Spherix has sought to expand its activities in wireless communications and telecommunication sectors.

* Practice Insight Pty Ltd.  a company that, in addition to holding some patents of its own offers a variety of services to the patent sector which you can check out from its website here.
Aistemos gives ORoPO -- which is voluntary, open and non-profit -- its fullest support and is delighted to see it beginning to grow. 

If you can't see why it's important to support ORoPO, take just a couple of minutes to read "Who Owns the World's Patents? Why patent ownership data is a problem worth solving" which points out that, thanks to translation issues and a lack of centralised control of corporate identifiers, a remarkable 25% of patent ownership records can be found to contain one or more inaccuracy.

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