"AST has been a valued client for more than eight years and we are proud to be a trusted partner to resell the first portfolio of the IP3 series," said Leah Christoforidis, General Counsel and Leader of IP Brokerage & Licensing at Red Chalk Group. "The portfolio includes assets relevant to several technologies, which is one reason it is sure to pique the interest of buyers. We are confident that the market will recognize the value of these patents."
"We are excited about the sale of this portfolio," said Linda Biel, Senior Vice President, Business Development of AST. "At AST, we are always looking for innovative ways to provide transparent and enhanced risk mitigation services that ultimately help the patent markets operate more efficiently, and the sale of this portfolio will help advance this goal. We retained Red Chalk Group for this project because of their track record of successfully monetizing portfolios."
Bids for the portfolio are being accepted immediately and priority will be given to bids on full lots. Pricing will be provided to potential buyers upon request. For more information about Red Chalk Group, please visit www.redchalk.com.
ABOUT RED CHALK GROUP:
Red Chalk Group is a boutique professional services firm specializing in growth strategies, disruptive technologies and the related intellectual property. As an industry leader, Red Chalk Group is a trusted strategic advisor to today's top Fortune 100 companies. Founded in 2006 by former McKinsey consultants, the company helps senior leaders address the many challenges they face by focusing on new growth opportunities, emerging technologies and intellectual property, in a boutique setting. For more information, please visit www.redchalk.com.
AST is the leading provider of proactive patent defense solutions. We offer a highly efficient, cost-effective and proven method of mitigating the risk of patent assertions and litigation by enabling our Members to collectively purchase assets available on the open market. Because we are an independent, not-for-profit cooperative, we provide a trusted and fully transparent way for Members to analyze patent purchase opportunities including triage, evaluation and acquisition services. AST's Members currently include top global companies from a wide-range of industries including, Avaya, Ford, Google, Honda, IBM, Intel, Microsoft, Oracle, Philips and Sony. For more information on AST please visit www.ast.com.
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SOURCE Red Chalk Group