05/09/2024
Exciting News from AST!
We are thrilled to announce the successful conclusion of our eighth annual Industry Patent Purchase Program (IP3) for 2023. This year's program, a collaborative, fixed-price, fixed-term initiative, has been our largest and most impactful yet, in both investment and patent acquisitions!
This initiative brought together over 30 AST members and hundreds of patent owners, including individuals, universities, and companies. Together, we reviewed 850+ submissions, investing $4.334 million to acquire 48 deals, including 53 patent families with 106 active assets. Our participating companies included industry giants like Cisco, Google, IBM, Intel, Meta, Microsoft, and Verizon, among others.
Russell W. Binns Jr., CEO of AST, shared, "This year marked our largest and most impactful IP3 program. We've invested more and acquired more patents than any previous year, significantly expanding the program's scope and scale. This underscores our commitment to providing innovative and efficient patent acquisition strategies that meet the dynamic needs of our members."
The acquired deals are now available for sale and licensing on the AST website. For more details on how to access these assets or participate in future programs, please visit our website or contact us directly at [email protected].
AST, established in 2007, continues to serve the world's most advanced and well-known technological companies through a cooperative model aimed at reducing patent risks.
For more information on our services, reach out to [email protected].