Ocean Tomo LLC, the Chicago-based provider of diversified intellectual property-related services, today announced it has launched the Ocean Tomo 300® Patent Value Index (“Index”). The Index is priced and published by the American Stock Exchange® (Amex®) under the symbol OTPATV.
The Index includes the top value companies of the broad-market Ocean Tomo 300® Patent Index, as determined by the price-to-book ratio, and is diversified across market capitalization. It is the industry’s first value index based on the value of intellectual property and represents a portfolio of about 60 companies with the highest innovation ratio (i.e., patent value relative to book value).
“The Ocean Tomo 300® Patent Value Index, which has outperformed the S&P 500® Index by more than 5% annualized over a 10-year tested period ending April 2007, is another valuable tool for analysts, financial advisors and investors,” said James E. Malackowski, President and CEO, Ocean Tomo. “The Ocean Tomo 300® Patent Index, the Ocean Tomo 300® Patent Growth Index and the Ocean Tomo 300® Patent Value Index represent a suite of indexes measuring the impact of innovation on our economy.”
Companies contributing to the performance of the Index include: Lyondell Chemical Company (NYSE:LYO), Gannett Co., Inc. (NYSE:GCI), Tellabs, Inc. (NASDAQ:TLAB), and Micron Technology, Inc. (NYSE:MU).
Daily tracking of the Ocean Tomo 300® Patent Value Index is available at numerous media outlets including: Bloomberg, Reuters, CNET and Yahoo! Finance.
More details on the composition of the Index are available at www.oceantomo.com and www.amex.com. The Index is patent pending and was created by and is a trademark of, Ocean Tomo Capital, LLC.
About the Ocean Tomo 300® Patent Index
Recognized by the American Stock Exchange as “the first major, broad-based market equity index to be launched in 35 years,” the Ocean Tomo 300® Patent Index is a diversified market-weighted index of 300 companies with the highest innovation ratio. Over a 10-year period ending December 2006, the Ocean Tomo 300® Patent Index outperformed the S&P 500 by 3% annualized.
The analytical engine used to evaluate the value of each company’s patent portfolio is Ocean Tomo’s PatentRatings® system, which calculates the relative attractiveness of more than four million patents issued by the U.S. Patent and Trademark Office since 1983, and is widely recognized by the intellectual property community. Further details on the Index, its methodology, as well as a complete list of companies in the Index and other materials are available at www.OceanTomoIndexes.com.
About Ocean Tomo, LLC
Established in 2003, Ocean Tomo, LLC (www.OceanTomo.com) is a fully integrated intellectual capital merchant banc that specializes in understanding and leveraging intellectual property assets. The company provides advice in IP-related mergers and acquisitions, valuations, expert services, analytics and IP auctions. Headquartered in Chicago, Ocean Tomo also has offices in San Francisco, Palm Beach, Orange County and Washington, DC. Subsidiaries of Ocean Tomo include: Ocean Tomo Auctions, LLC and Ocean Tomo Capital, LLC, publisher of the Ocean Tomo 300® Patent Index (Amex:OTPAT), the Ocean Tomo 300® Patent Growth Index (Amex:OTPATG) and the Ocean Tomo 300® Patent Value Index (Amex:OTPATV).
