Intellectual Property specialists Metis Partners and ICAP Patent Brokerage have collaborated to list the assets of a Scottish technology company at an auction in the US.
The two companies are listing the assets of Elonics Ltd, a Livingston-based technology firm after the company went into liquidation earlier this summer.
The company was originally backed by Scottish entrepreneurs Sir Tom Farmer and Brian Souter.
The semiconductor company’s multi-band radio frequency products were used in TV set top boxes and tuners.
Metis Partners were appointed at an early stage by the liquidator to manage the sale of the IP assets in their entirety.
The IP assets for sale at the Elonics auction include nine patent families, trademarks and a selection of other IP assets. Elonics had been manufacturing its E4000 multi-band RF tuner for 18 months and had sold 350,000 units worldwide.
The companies’ participation in the international auction is the first Scottish-led venture into such a global arena and it takes Metis Partners’ already acknowledged expertise in monetising IP assets to new levels.
ICAP Patent Brokerage is a division of £2 billion capitalised, London-listed ICAP plc, the world’s premiere interdealer broker and source of global market information. Having been in the patents transaction business since 2006, it has been instrumental in creating the current international IP auctions market.
ICAP has offices in all key jurisdictions in the US, Europe and Asia and the inclusion of Elonics in its latest auction in San Francisco on July 26 will expose the Scottish company’s assets to more than 30,000 ICAP contacts as well as active, focused marketing by ICAP brokers to their premium contacts.