The Ocean Tomo Ratings System for patents issued by the European Patent Office (EPO) has rated the quality and degree of relatedness among all EPO patents.
Amsterdam, The Netherlands (PRWEB) June 24, 2014
Ocean Tomo, LLC, the Intellectual Capital Merchant Banc™ firm, announced from IP Business Congress Global (IPBC), the beta release of the Ocean Tomo Ratings™ System for EPO patents. Nine companies, universities and law firms are participating in the beta release which includes three of the top five holders of EPO issued patents. The unique ratings for all patents issued by the EPO (OTR™-EPO) were completed at the beginning of 2014.
According to Ocean Tomo CEO, James E. Malackowski, the Ocean Tomo Ratings™ Systems are “part of planned global platforms which will include patent analytics for each of the five major patent issuing organizations.” Since 2005, Ocean Tomo has been a leader in providing ratings for U.S. patents (OTR™ -USPTO).
The Ocean Tomo Ratings Systems are the most advanced web-based patent data, ratings and analysis platforms designed for objectively assessing patent quality, relevant patents and technologies, competition and competitive trends. “After consulting with leading European experts and practitioners, Ocean Tomo determined that it was necessary to build its European ratings system from the ground up in order to account for the unique attributes of this collective data set” explains Matthew Beers, Ph.D., the system architect and Chief Technology Officer for Ocean Tomo.
The Ocean Tomo Ratings System for patents issued by the European Patent Office (EPO) is based on “a novel and proprietary platform using machine learning to create the primary scoring engine” Darius Sankey, Ocean Tomo Managing Director adds. Through this system, Ocean Tomo has rated the quality of every EPO issued and in force patent.
In addition to providing a simple method for measuring and comparing patent quality based on the cumulative characteristics of patents that make them either more or less likely to be maintained, the Ocean Tomo Ratings System for EPO patents also shows the degree of relatedness among all EPO patents. Via the Ocean Tomo Ratings Systems’ EPO Relevance™ module, patents are assessed utilizing numerical relevance scores which are useful to identifying and evaluating the technology leaders in any given segment. The OTR-EPO relevance module is based upon computer learning involving both the observation and matching of direct citations among patents.
Moreover, the system has the ability to link patents to their corporate parent more accurately than any other available system. “Traditionally this information has been difficult to obtain or of poor quality” explains Mr. Sankey, “yet it is critical when analyzing a patent portfolio for the purposes of making licensing, acquisition, and partnering or investment decisions.
About Ocean Tomo, LLC
Established in 2003, Ocean Tomo, LLC, is the Intellectual Capital Merchant Banc™ firm providing an industry leading array of financial products and services related to intangible assets. Ocean Tomo offerings include expert testimony, valuation, strategy, research, ratings, investments, risk management, venture development and transactions. Ocean Tomo assists clients – corporations, law firms, governments and institutional investors – in realizing Intellectual Capital Equity® value broadly defined.
Headquartered in Chicago, Ocean Tomo has offices in Greenwich, Houston and San Francisco. Subsidiaries of Ocean Tomo include: Ocean Tomo Risk Management, LLC; Ocean Tomo Asset Management, LLC; OTI Data Networks, LLC; Patent Marking, LLC; and Ocean Tomo Capital, LLC – publisher of the Ocean Tomo 300® Patent Index family. Ocean Tomo is the founder of the Intellectual Property Exchange International (IPXI), Inc. creator of the live public open cry auction marketplace for intellectual property as well as the exclusive source for Ocean Tomo Ratings™.