New Jersey
02 May 2017
Reporter: Barney Dixon

AST launches IP3 2017


Patent defense company Allied Security Trust (AST) has re-launched its Industry Patent Purchase Program (IP3), building on last year’s model.

IP3 2016 was a fixed price purchasing programme where sellers give a ‘buy it now’ price for their assets, giving them an easy way to streamline the process of selling patents with a fixed price, rapid response model.

According to AST CEO Russell Binns, IP3 2016 was a success, with “a lot of demand from both buyers and sellers on the programme and requests to do it again”.

IP3 2017 will continue with last year’s fundamental principles, while adding new modifications based on member and market feedback. The 2017 programme will also target specific technologies, including the internet of things, content delivery systems and networking.

Binns said this enhanced direction will lead to a “very focused and efficient selection process for patent acquisitions”.

John Mulgrew, global head of IP at Uber, which is a member of AST, said: “AST has been a strategic force in building defensive IP strategies for years, and I worked closely with them during my tenures at Microsoft and Shook, Hardy & Bacon, and with my new role at Uber, I am delighted to once again be a member of AST.”

“We found IP3 2016 to be very successful for us at Uber and look forward to being involved in AST’s IP3 2017.”

He added: “Last year’s IP3 proved that patent sellers are very interested in buying programmes that help eliminate friction in the secondary patent market and increase efficiency.”

More Patents news
The latest news from IPPro The Internet
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Red Hat expands Patent Promise
22 September 2017 | Raleigh | Reporter: Barney Dixon
Open-source software provider Red Hat has revised its Patent Promise, which was initially intended to discourage patent aggression against free and open-source software
ITC investigations double in 2016
28 July 2017 | Washington DC | Reporter: Barney Dixon
Section 337 investigations instituted at the US International Trade Commission nearly doubled in 2016, according to the ITC’s Year In Trade figures
USPTO presents patent subject matter eligibility viewpoints
26 July 2017 | Washington DC | Reporter: Barney Dixon
The US Patent and Trademark Office has published a new report detailing public viewpoints on the appropriate boundaries of patent-eligible subject matter
Congressmen Issa and Goodlatte hit out at Judge Gilstrap
20 July 2017 | Washington DC | Reporter: Mark Dugdale
Two members of the House judiciary committee have criticised Judge Rodney Gilstrap for his interpretation of TC Heartland v Kraft Foods
European Commission to investigate Qualcomm
13 June 2017 | Brussels | Reporter: Barney Dixon
Qualcomm is under investigation over competition concerns about its proposed acquisition of semiconductor rival NXP
Michelle Lee resigns as USPTO director
07 June 2017 | Washington DC | Reporter: Barney Dixon
Michelle Lee notified staff that she would be standing down from her post, but offered no reason for her sudden departure
Uber fires Levandowski
31 May 2017 | California | Reporter: Barney Dixon
Uber has fired key executive Anthony Levandowski after he failed to cooperate in a trade secret dispute with Alphabet’s Waymo