Patents Assigned to Ocean Tomo, LLC
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Patent number: 12014250Abstract: A machine-learning based artificial intelligence device for finding an estimate of patent quality, such as patent lifetime or term is disclosed. Such a device may receive a first set of patent data and generate a list of binary classifiers. A candidate set of binary classifiers may be selected and using a heuristic search, for example an artificial neural network (ANN), a genetic algorithm, a final set of binary classifiers is found by maximizing iteratively a yield according to a cost function, such an area under a curve (AUC) of a receiver operating characteristic (ROC). The device may then receive patent information for a target patent and report an estimate of patent quality according to the final set of binary classifiers.Type: GrantFiled: July 27, 2020Date of Patent: June 18, 2024Assignee: OCEAN TOMO, LLCInventors: Matthew Beers, Elvir Causevic
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Patent number: 10846620Abstract: A machine-learning based artificial intelligence device for finding an estimate of patent quality, such as patent lifetime or term is disclosed. Such a device may receive a first set of patent data and generate a list of binary classifiers. A candidate set of binary classifiers may be selected and using a heuristic search, for example an artificial neural network (ANN), a genetic algorithm, a final set of binary classifiers is found by maximizing iteratively a yield according to a cost function, such an area under a curve (AUC) of a receiver operating characteristic (ROC). The device may then receive patent information for a target patent and report an estimate of patent quality according to the final set of binary classifiers.Type: GrantFiled: December 11, 2017Date of Patent: November 24, 2020Assignee: Ocean Tomo, LLCInventors: Matthew Beers, Elvir Causevic
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Patent number: 9058628Abstract: A marketplace for trading derivative financial contracts includes a forum that publishes a financial contract and allows the financial contract to be traded by one or more market participants. The financial contracts are based on one or more underlying intangible assets of one or more entities. The price of the contract is derived from a measure of value of the one or more underlying assets of the particular financial contract. The forum may include an exchange for trading financial contracts and may also host trading of over-the-counter financial contracts.Type: GrantFiled: November 29, 2007Date of Patent: June 16, 2015Assignee: Ocean Tomo, LLCInventors: James E. Malackowski, Keith M. Cardoza, Susan L. Aylward, Cameron Gray
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Publication number: 20140304191Abstract: A method of utilizing an intellectual property grouping owned by a patent entity to generate income. The method includes acquiring rights in a first intellectual property asset from a seller on behalf of a patent investment entity, providing compensation to the seller in exchange for the first intellectual property asset, granting less than all of the rights in the first intellectual property asset to the seller of the intellectual property asset in exchange for a stream of payments, wherein granting less than all of the rights in the first intellectual property asset creates residual rights in the first intellectual property asset, and utilizing the residual rights in the first intellectual property asset to generate income for the patent investment entity.Type: ApplicationFiled: February 10, 2014Publication date: October 9, 2014Applicant: Ocean Tomo, LLCInventors: James E. Malackowski, Robert Block, Andrew Carter, Mark Rubin
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Patent number: 8831985Abstract: The present invention is a system and methods by which an investment vehicle can be established that is directed to one or a very limited specific form of content. More specifically, the system and methods of the present invention creates a financial instrument directed to specific content—such as a specific technology or specific artistic or literary work—that may be issued, thereby providing investors with the opportunity to invest in the specific content or aspect of that specific content.Type: GrantFiled: January 31, 2008Date of Patent: September 9, 2014Assignee: Ocean Tomo LLCInventors: James E. Malackowski, Cameron Gray, Keith M. Cardoza, Jonathan A. Barney, Jason L. Gardner, Stephen C. Yelderman
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Patent number: 8694419Abstract: A method of utilizing an intellectual property grouping owned by a patent entity to generate income. The method includes acquiring rights in a first intellectual property asset from a seller on behalf of a patent investment entity, providing compensation to the seller in exchange for the first intellectual property asset, granting less than all of the rights in the first intellectual property asset to the seller of the intellectual property asset in exchange for a stream of payments, wherein granting less than all of the rights in the first intellectual property asset creates residual rights in the first intellectual property asset, and utilizing the residual rights in the first intellectual property asset to generate income for the patent investment entity.Type: GrantFiled: March 5, 2009Date of Patent: April 8, 2014Assignee: Ocean Tomo, LLCInventors: James E. Malackowski, Robert Block, Andrew Carter, Mark Rubin
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Publication number: 20130339063Abstract: Presented herein are methods and systems for managing an entity's risks of patent coverage. More specifically, the present invention is directed to methods and system for insuring an entity against damage awards in patent litigation. The presented methods and systems allow a manufacturer to minimize their exposure to damage awards in patent litigation by conducting pre-emptive analyses and properly allocating funds for royalty payments and/or damage awards. An insurance captive is also established as a risk management tool to insure the manufacturer against excessive damage awards.Type: ApplicationFiled: August 22, 2012Publication date: December 19, 2013Applicant: Ocean Tomo LLCInventors: James E. Malackowski, Robert Block, Andrew W. Carter, Adam Clifford, Richard Conroy, Michael O. Hill, Michael Lasinski
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Patent number: 8515851Abstract: A method for generating an index of securities includes selecting index constituents and weighing the selected index constituents by a measure (“an intangible asset measure”) of quality and/or value of the intangible assets of constituent entities. The index constituents can be selected from a set of potential constituents based on an intangible asset measure of each constituent in the set, and the selected index constituents may then be weighted by a desired measure or methodology or weighted equally, or by an intangible asset measure. Another method for generating an index of securities includes combining groups of constituents, which are selected based on an intangible asset measure, to be index constituents and weighing the index constituents by a desired measure or methodology.Type: GrantFiled: October 14, 2011Date of Patent: August 20, 2013Assignee: Ocean Tomo LLCInventors: Keith M Cardoza, James E. Malackowski, Cameron Gray, Eric Fried
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Patent number: 8355932Abstract: Presented herein are methods and systems for managing an entity's risks of patent coverage. More specifically, the present invention is directed to methods and system for insuring an entity against damage awards in patent litigation. The presented methods and systems allow a manufacturer to minimize their exposure to damage awards in patent litigation by conducting pre-emptive analyses and properly allocating funds for royalty payments and/or damage awards. An insurance captive is also established as a risk management tool to insure the manufacturer against excessive damage awards.Type: GrantFiled: October 16, 2009Date of Patent: January 15, 2013Assignee: Ocean Tomo LLCInventors: James E. Malackowski, Andrew W. Carter, Adam Clifford
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Publication number: 20120096027Abstract: A method of patent marking products comprises providing digital data identifying one or more patents related to predetermined products in a patent marking sense, and facilitating access to the digital data such that at least the numbers of the one or more related patents can be ascertained. One disclosed execution involves acquiring or developing a patent-product map which correlates product attributes, identifiers or other product data regarding predetermined products with the numbers of patents which relate to the products in a patent marking sense. The map is made available on a remotely accessible patent marking link such that upon accessing the link, patent marking information concerning the predetermined products can be ascertained. The maps are utilized to provide patent numbers correlated with products. In all more than 20 executions of the invention are disclosed.Type: ApplicationFiled: October 17, 2011Publication date: April 19, 2012Applicant: Ocean Tomo LLCInventor: John H. COULT
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Publication number: 20120084295Abstract: A method for generating an index of securities includes selecting index constituents and weighing the selected index constituents by a measure (“an intangible asset measure”) of quality and/or value of the intangible assets of constituent entities. The index constituents can be selected from a set of potential constituents based on an intangible asset measure of each constituent in the set, and the selected index constituents may then be weighted by a desired measure or methodology or weighted equally, or by an intangible asset measure. Another method for generating an index of securities includes combining groups of constituents, which are selected based on an intangible asset measure, to be index constituents and weighing the index constituents by a desired measure or methodology.Type: ApplicationFiled: October 14, 2011Publication date: April 5, 2012Applicant: Ocean Tomo LLCInventors: Keith M. Cardoza, James E. Malackowski, Cameron Gray, Eric Fried
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Publication number: 20110320333Abstract: A system and methods providing an exchange network for valuing and trading of intangible instruments, such as one or more rights to an intangible property including a given intellectual property (patents, copyrights, trademarks, trade dress, trade secrets and/or the rights of publicity). The system and methods permits a party to access a database of the intangible instruments including data relating to identifying value of the instrument. The system and methods permits a party to perform due diligence on the intangible instrument and, as a result, to formulate a bidding strategy for the intangible instrument that the bidder believes is appropriate. If the bidder and the owner reach agreement on the price, a transaction for the intangible instrument is executed between the parties.Type: ApplicationFiled: August 14, 2008Publication date: December 29, 2011Applicant: Ocean Tomo LLCInventors: Dean Becker, Christine Alexis Bante, Cameron Gray, James E. Malackowski, Dipanjan Nag
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Patent number: 7930231Abstract: The disclosure relates to an investment risk minimization system involving a venture capital investor and a venture needing investment from the venture capital investor. In such a system, an exemplary method can include providing an investment to a venture having an intellectual asset, and receiving a security interest in the intellectual asset. The security interest secures an ownership right upon failure by the venture to meet established parameters. Further, if the venture receiving the investment fails to meet the established parameters, the method includes obtaining an ownership interest in the intellectual asset, valuing the intellectual asset, and transferring the intellectual asset to a charitable organization.Type: GrantFiled: February 7, 2008Date of Patent: April 19, 2011Assignee: Ocean Tomo, LLCInventors: James E. Malackowski, David A. Kennedy, Roger L. May
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Patent number: 7769685Abstract: The invention relates to an investment risk minimization system involving a venture capital investor and a venture needing investment from the venture capital investor. In such a system, an exemplary method can include providing an investment to a venture having an intellectual asset, and receiving a security interest in the intellectual asset. The security interest secures an ownership right upon failure by the venture to meet established parameters. Further, if the venture receiving the investment fails to meet the established parameters, the method includes obtaining an ownership interest in the intellectual asset, valuing the intellectual asset, and transferring the intellectual asset to a charitable organization.Type: GrantFiled: February 7, 2008Date of Patent: August 3, 2010Assignee: Ocean Tomo, LLCInventors: James E. Malackowski, David A. Kennedy, Roger L. May
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Patent number: 7716076Abstract: A method for structuring an insurance transaction. The method includes providing insurance coverage to reimburse an insured entity in the event that the insured entity incurs a loss based on the occurrence of one or more defined events, designating an insurance premium amount to be paid by the insured entity as an insurance premium. The method further includes requiring that the insurance premium amount be paid, at least in part, by a transfer of intellectual property assets, each intellectual property asset including a plurality of intellectual property rights.Type: GrantFiled: December 27, 2004Date of Patent: May 11, 2010Assignee: Ocean Tomo, LLCInventors: Robert J. Block, Andrew Carter
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Patent number: 7536312Abstract: Methods are disclosed for using computers, computer programs, algorithms and computer networks and communications hardware and protocols to appraise the value of assets as well as protecting asset owners from the risk that other entities will value those assets differently. The methods disclosed include: Supplementing traditional valuation methods with other considerations that may affect the value of intellectual property assets. Using insurance type financial instruments to maintain compliance with regulatory requirements such as those imposed by the Sarbanes Oxley Act, the SEC, or the IRS. Using insurance type financial instruments to protect intellectual property asset owners from the risk that tribunals, regulatory agencies, or other entities will appraise intellectual property assets at a different value.Type: GrantFiled: January 26, 2006Date of Patent: May 19, 2009Assignee: Ocean Tomo, LLCInventor: Robert Block
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Publication number: 20090024513Abstract: A method for transacting intellectual property includes the steps of licensing an IP right corresponding to an IP asset to a licensee according to an agreement; receiving a payment from the licensee for the IP right according to terms of the agreement; and if a call or put option provision in the agreement is exercised, then receiving payment of the strike price and transferring ownership of the IP asset to the licensee. The call option provision provides the licensee the right to purchase the IP asset at a predetermined strike price within a specified time period. The put option provision provides the IP owner a right to sell the IP asset at a predetermined strike price.Type: ApplicationFiled: July 16, 2008Publication date: January 22, 2009Applicant: Ocean Tomo, LLCInventors: Kevin Arst, Michael Milani
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Publication number: 20080243642Abstract: A method for transacting intellectual property includes the steps of receiving an executed document transferring an intellectual property right to an undefined party; receiving one or more offers for the intellectual property right; determining a winning party based on the one or more received offers; and releasing the executed document to the winning party. The method may further include placing the executed document in a data room for review by a potential acquirer prior to receiving one or more offers for the intellectual property night. The data room may be an on-line data room and include information for the potential acquirer to conduct due diligence of the intellectual property right. The intellectual property transaction may be conducted in a live or electronic auction. The intellectual property right may be submitted through an online submission form and an automated qualification system may classify the intellectual property right.Type: ApplicationFiled: March 31, 2008Publication date: October 2, 2008Applicant: Ocean Tomo, LLCInventor: Andrew T. Ramer