WELCOME TO THE INTELLECTUAL PROPERTY EXCHANGE INTERNATIONAL, THE WORLD'S FIRST FINANCIAL EXCHANGE FOCUSED ON INTELLECTUAL PROPERTY (IP) RIGHTS.
December 13, 2011
Today is a significant day in the developing IP market. I am pleased to announce that IPXI has completed a $10 million funding round by a group of U.S. and European investors including CBOE Holdings, Inc. (Nasdaq: CBOE), parent of the Chicago Board Options Exchange (CB0E), the world’s largest options exchange and creator of listed options, and Royal Philips Electronics (Philips), the world leader in healthcare, lifestyle and lighting. The investment will allow IPXI to build out its infrastructure in order to issue the first Unit License Right™ Contract (ULR Contract) offerings in 2012.
Concurrent with this transaction, several new Directors have been added to IPXI's board. Joining myself and Ocean Tomo executives James E. Malackowski and Michael D. Friedman, are Marshall Phelps, former Corporate Vice President, IP Policy & Strategy for Microsoft and former Vice President of IP & Licensing for IBM; Ruud Peters, Executive Vice President and Chief Intellectual Property Officer of Philips; and, Richard G. DuFour, CBOE’s Executive Vice President.
Today’s announcement has been made possible only after several years of industry town hall meetings and in-depth working sessions with dozens of leading corporate, university and laboratory IP owners to assure that the exchange meets their needs.
IPXI looks forward to becoming the preeminent marketplace for efficient intellectual property licensing and value discovery.
Gerard J. Pannekoek
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