IP Resources Set to Unlock Value in the $237 Billion Intellectual Property Licensing Market
Growing IP Portfolio Includes Stem Cell, Cardiac, and 3D Display Technologies
LOS ANGELES, CA -- (Marketwire) -- 01/07/13 -- IP Resources International, a wholly owned subsidiary of Hanover Portfolio Acquisitions, Inc., (OTCQB: HVPA), an intellectual property licensing and commercialization company, announced today that it is in discussions with multiple technology companies to further expand its growing intellectual property (IP) portfolio. IP Resources' strategy is to commercialize and monetize market-ready technologies to the benefit of its shareholders and technology partners.
IP Resources acquires rights primarily of market-ready technologies and products and works to monetize the intellectual property through joint ventures, and domestic and international sub-licensing in the largest and fastest growing global markets including Brazil, Russia, India, China and the European Union.
According to Intellectual Ventures, the majority of patent owners are not maximizing the value of their IP assets. IP Resources creates and unlocks value by licensing technologies from patent owners and monetizing these IP assets. IP has recently emerged as an important asset class among companies seeking to maintain a competitive advantage. Worldwide royalty and licensing fee receipts were approximately $237 billion in 2010 according to the International Monetary Fund (IMF).
"In addition to the technologies we have in our IP portfolio, we are currently in late-stage discussions with multiple technology companies to exclusively license or acquire very compelling technologies that have immediate market value and revenue potential for IP Resources. We're very excited about the prospects for our business and our ability to execute on multi-billion dollar IP opportunities," stated IP Resources Chairman and CEO, Alan Collier.
To date, the Company has in place three technology licensing, distribution and commercialization agreements for products and technologies that collectively address multi-billion dollar markets including:
About IP Resource International
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