Tangible IP Reaches Milestone of 2000 Patents Sold

Online, September 12, 2013 (Newswire.com) - TANGIBLE IP, LLC, an international patent brokerage and Intellectual Property advisory firm headquartered in Seattle, announced the sale of a patent portfolio pertaining to lighting technology broadly used in households around the globe. The name of the seller or the specifics of the deal could not be disclosed. With this last transaction, the premiere brokerage firm has now reached the impressive milestone of having successfully brokered in excess of 2000 patent assets since its inception.

"We are very proud that with this deal, we have reached such a rare milestone in the patent brokerage world. This is testament to the efforts and care that our team puts in each portfolio, whether it comprises only one or hundreds of patents. For us, each deal is the most important deal we've had," said Louis Carbonneau, CEO and founder of Tangible IP. "We also feel very gratified to have helped a small inventor monetize a great invention that is now ubiquitous in the consumer space. The inventor made a real contribution to the field years back, but was never able to fully commercialize her idea as the industry immediately started to copy her concept rather than license her intellectual property rights. This sale vindicates her early vision and should bring comfort to all small inventors who believe the patent system only works for Fortune 500s."

"Louis Carbonneau of Tangible IP is among the best IP brokers we work with nationally", said Greg Wright, General Counsel of Quality Night Lights, Inc. who acquired the patents. "The service his firm provides and the executive summaries and charts they produce are first-rate."

Tangible IP, LLC specializes in selling high quality unencumbered patents and has now brokered the sale of over 2000 patent assets since its inception and has returned tens of millions of dollars back to inventors, shareholders and patent owners.

ABOUT TANGIBLE IP, LLC. Founded in 2011 by former Microsoft GM of IP & Licensing Louis Carbonneau, Tangible IP offers full service patent brokerage and strategic IP advisory services. For more info, visit www.tangibleip.biz or contact us via email at [email protected] or by phone at +1 (425) 868-9280.