Privaris Partners with ipCaptial Group for the Commercialization of Intellectual Property
CHARLOTTESVILLE, VA - November 17, 2009: Privaris, the top provider of multi-function, wireless biometric identity verification devices, has partnered with ipCapital Group, Inc., a major intellectual property (IP) strategy consulting and licensing firm. Privaris will utilize ipCapital Group's experience in IP valuation, strategy and management to expedite the commercialization of key elements of its comprehensive patent portfolio.
"Our alliance with ipCapital Group will solidify Privaris' licensing business and accelerate the commercialization of Privaris’ inventions. We will be establishing partnerships with preeminent companies with commanding products and market share to rapidly bring our technology to market," said Mike Kohonoski, President and CEO of Privaris. "ipCG’s reputation and its 10 years of industry experience in successful IP brokering made them the logical choice when considering such a critical, strategic partner."
ipCapital Group will be supporting Privaris in strategic planning, development, assessment and implementation of Privaris’ IP licensing program. ipCapital Group will also locate licensing partners that can leverage Privaris’ unique personal biometric approach to identity management and consummate ‘transfer of technology’ relationships with key industry partners.
By partnering with ipCapital, Privaris extends IP licensing as an integral part of its operations. Additional investment in research and development will result in new patents being added to Privaris’ already extensive portfolio.
Privaris Inc. focuses its technology expertise on the intersection of high security biometric applications and an individual’s right to personal privacy. Privaris’ award-winning products authenticate the identity of an individual prior to transmitting standard credentials that work with existing systems to grant access to facilities, IT resources, networks, applications and transactions. Privaris Inc. is a privately-held Delaware corporation with its headquarters in Charlottesville, Virginia.
About ipCapital Group
Since 1998, ipCapital Group has delivered over 500 successful IP engagements to companies in a wide range of industries. Its professional services maximize financial results for clients that seek to develop and execute intellectual property (IP) strategies, strengthen and monetize IP portfolios, and establish and implement Intellectual Asset Management (IAM) practices. ipCapital Group has an interdisciplinary team trained in business, law, marketing, and product development that provides a systematic and comprehensive view of the full lifecycle of IP, from creation to monetization to retirement. For more information, visit www.ipcg.com.
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