CHICAGO, Dec. 9, 2014 /PRNewswire/ -- Intellectual Property Exchange International, Inc. (IPXI), the world's first financial exchange for licensing and trading intellectual property (IP) rights, announced today that it will conduct three public webinar presentations on Dec. 16 to provide important details on its recently announced Unit License Right™ (ULR™) offering of patents essential to the world's most widely adopted standard protocol for wireless technology. The WFN1 offering of ULR contracts includes patent rights owned by eight leading organizations whose patents have been independently determined to be essential to the IEEE 802.11n standard used in wireless local area network (WLAN) communications.
To accommodate potential purchasers in multiple regions, IPXI will host three free webinars at 9 a.m., 2 p.m. and 9:30 p.m. Eastern Standard Time on Tuesday, Dec. 16. To register, visit https://www.ipxi.com/wfn1/webinar.
The ULR contract offering includes 194 standard essential patents (SEPs) issued in nearly 20 countries. Each ULR contract provides a non-exclusive license under the patents for the manufacturing and sale of 1,000 wireless chipsets. Chipsets that comply with the 802.11n standard are necessary components of wireless network technology included in popular products such as smart phones, tablets, personal computers, access points, routers and gateways. IPXI has undertaken the patent owners' commitment to license the patents on a RAND (reasonable and non-discriminatory) basis.
The ULR contract offering is structured as a series of convertible ULR contracts, and IPXI has begun accepting submissions from additional owners of 802.11n standard essential patents to join subsequent series in future offerings.
The WFN1 ULR Contracts will be priced based on bids submitted to IPXI by potential purchasers, all of whom will have equal opportunity to submit bids. Early purchasers can receive a significantly discounted release from liability for all past use of the technology covered by the patents. Additionally, purchasing entities that are licensed to the patents in the current offering will also be licensed to all patents added to subsequent series at no additional charge.
For more information about the offering and other benefits of early purchasing, please see the Offering Memorandum on the WFN1 Offering page.
IPXI is the world's first financial exchange for licensing and trading intellectual property rights. The mission of IPXI is to meet the price discovery, transaction efficiency and data distribution needs of intellectual property owners, investors and traders by creating the central marketplace for tradable IP assets. IPXI members include some of the world's leading innovative corporations and most prestigious universities and national laboratories. Among the IPXI members are: Ford Global Technologies, LLC; Philips Intellectual Property & Standards; JPMorgan Chase Bank, N.A.; Sony Corporation of America; Panasonic Intellectual Property Corporation of America; the Regents of the University of California; Columbia Technology Ventures; Northwestern University; Lawrence Livermore National Laboratory and Fraunhofer-Gesellschaft. For more information on IPXI, please see the Exchange Fact Sheet or visit www.ipxi.com.
SOURCE Intellectual Property Exchange International, Inc. (IPXI)