DURHAM, N.C. and ROCKVILLE, Md., Feb. 28, 2017 (GLOBE NEWSWIRE) -- Seasoned inventor Thomas Harvey engaged Adapt IP Ventures to monetize his patent portfolio which pioneers solutions around the coordination and control of level 4 and level 5 autonomous vehicles. Particularly, Harvey’s patent portfolio, comprising 5 US patents and 6 pending US patent applications, covers the development of vehicle related infrastructure across the board, from intersections to dedicated roadways, from parking structures to delivery systems. The portfolio also spans embodiments governing the interaction between driverless and driver-operated vehicles, which will help the transition from a fully manual to a fully autonomous vehicular transportation system. As a whole, these innovations are essential to avoid destructive competition for space as driverless vehicles multiply.
“While automotive manufacturers and integrators aggressively research and roll out ways to automate traditional driving functions - ranging from lane-changing to parallel parking - there has been less of a focus placed on the interactions and coordination among many autonomous vehicles.” Brian Bochicco, Vice President at Adapt IP Ventures further states, “Our client, however, has demonstrated the ability to invent a series of solutions that will collectively minimize traffic, improve environmental efficiency, and increase the overall safety of the entire driverless ecosystem.”
With the automotive industry projected to drive the transition from partial autonomy to full autonomy in the 2020-2030 timeframe, Harvey’s patent portfolio can provide vehicle manufacturers, system integrators, and transportation networks more strategic protection. From General Motors to Toyota, Bosch to Harman, Uber to Lyft, major industry players will need to consider externally sourced IP in order to stay ahead of this multi-billion dollar market opportunity.
Adapt IP Ventures plans to market this patent acquisition or licensing offering throughout the spring to industry relevant groups. To inquire further about this opportunity, please contact Brian Bochicco at brian@adaptipventures.com or Grant Moss at grant@adaptipventures.com.
About Adapt IP Ventures, LLC
Adapt IP provides transaction advisory services designed to assist individual inventors, companies and universities understand and extract value from their patents. Typical transaction-related engagements consist of Adapt IP developing and executing custom strategies to sell, license or acquire patents while our advisory services focus on IP valuation and strategy engagements. For more information, please visit www.adaptipventures.com.