Ocean Tomo to Sell Pioneering GPS Equipped Mobile Technology at the October 25th Live Intellectual Property Auction in Chicago.Patent Portfolio Relates to Providing Location Based Information to Users with GPS Equipped Mobile Systems; More Convenience for Mobile Users and Safety for Vehicle Drivers CHICAGO -- Ocean Tomo Auctions today announced it will offer for sale a pioneering location based system and logistics patent portfolio, consisting of U.S. Patent Numbers 6,647,270; 7,092,723; 7,123,926 and several pending applications. These patent assets relate to mobile communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. employing GPS technology for providing information to a user based on the user's location and will be offered as Lot 53 at the Ocean Tomo Fall 2007 Live IP Auction on October 25th at the Palmer House This article is about the hotel in Chicago. For the Sauk Centre hotel, see The Palmer House (Sauk Centre). For Potter Palmer's mansion, see Palmer Mansion The Palmer House Hilton is a famous and historic hotel in downtown Chicago. Hilton in Chicago. "Given the broad scope of the disclosed technology, these patents have potential applicability to a wide variety of location based data and social networking See social networking site. social networking - social network services as well as many other telematics Originally coined to mean the convergence of telecommunications and information processing, the term later evolved to refer to automation in automobiles. GPS navigation, integrated hands-free cellphones, wireless communications and automatic driving assistance systems all come under the based applications," said Andrew T. Ramer, President of Ocean Tomo Auctions. "The convenience and safety aspects disclosed in this portfolio combined with the incredible recent growth of mobile communication products and services, makes these patents extremely attractive assets to own." Under the patented technology, information services See Information Systems. , remote vehicle monitoring services The general surveillance of known air traffic movements by reference to a radar scope presentation or other means, for the purpose of passing advisory information concerning conflicting traffic or providing navigational assistance. , targeted advertising, and social networking services can be implemented for a user via a mobile communications device Typically refers to a terminal used to send voice, video or text. Mobile phones, wireless PDAs and personal computers equipped with microphones, speakers and cameras are all considered communications devices. See modem. (e.g., mobile telephones, PDAs, mobile units in vehicles, etc.). "Current communication services available to mobile users have a number of limitations," stated Richard Himmelstein, the inventor of the portfolio. "For example, for drivers and other users traveling in vehicles, driving experience and traffic safety can be improved through the availability of more robust location based mobile communication systems." Beyond adding such convenience and safety benefits for drivers or other users in a vehicle, other products or services which depend on information based on a user's location can be provided to users of handheld mobile communications devices. These mobile communications systems could open a new medium through which advertisers can target consumers with preauthorized advertisements from billboards or retailers in the user's vicinity. The patented systems also can be utilized to provide location-based social networking services, by which a user could be alerted of the proximity of another user based on each user's predefined profile. For more information on Lot 53 or to register to bid at the Ocean Tomo Fall 2007 Live IP Auction, please visit www.OceanTomoAuctions.com or contact us directly at 312.377.4851 or auctions@oceantomo.com. About Ocean Tomo Auctions: Ocean Tomo Auctions, the auctions arm of Ocean Tomo, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (www.OceanTomo.com), the country's leading Intellectual Capital Merchant Banc([R] )firm, has received global recognition as the leader in the live auctioning of intellectual property assets for some of the world's largest and most established companies. Hundreds of key decision makers in the intellectual property and financial communities attend and participate in the auctions and related workshops, including C-level executives, Fortune 500([R]) IP professionals, investors, small to mid-size companies, inventors and media professionals. Ocean Tomo Auctions has been featured on CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. , Bloomberg TV, The Wall Street Journal, Barron's, Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: , BusinessWeek, Reuters and more. The live auctions are held in the spring and fall in the U.S. and in the summer in Europe. |
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