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The client is one of the largest telecommunications companies in the world, with thousands of patents related to various technologies such as wireless communications, 5G, and internet of things (IoT). They needed a partner with a deep technical understanding of their patent portfolio and technical standards, specifically IEEE and 3GPP, to launch their IP licensing and monetization campaign.
Our first step was to identify which patents were most valuable for licensing or sale based on their essentiality to specific standards or evidence-of-use from other companies. We conducted a thorough analysis of the client’s portfolio, starting with a representative sample of over 40 patents.
Our search strategies proved to be highly effective in determining the level of third party usage and the relevance to the client’s patent claims. With both patent-to-standards and evidence-of-use searches combined, we were able to accomplish the following:
In addition to our own searches, we also reviewed the work done by other search firms that the client engaged who delivered suboptimal results. We provided the client with a more optimized technical mapping aligned with their specifications. The mapping provided a stronger visual representation of how their patent claims are used by third party products and services.
Parola Analytics' technical expertise allowed us to provide a more accurate assessment of the essentiality of the patents to the specific standards, which was a critical factor in determining their value in the licensing market.
Technical expertise
A deep technical expertise in patent portfolio analysis and patent-to-standards mapping is the top prerequisite in this situation.
Proven track record
Clients should look for patent research providers with a proven track record of success in helping their clients. It becomes more costly to not get the most optimal results the first time.
Collaborative approach and customized solutions
Clients should look for patent research providers who can collaborate and are committed to providing customized solutions. The provider must first understand the client’s unique needs and objectives, rather than taking a one-size-fits-all approach.
Looking to maximize the value of your patent portfolio?
We can help.
Looking to maximize the value of your patent portfolio?
We can help.
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