Drakes Bay Company LLC and Dennemeyer S.A. Announce Channel Partner Agreement

SAN FRANCISCO, March 5, 2014 /PRNewswire/ -- Drakes Bay Company LLC, a leading patent brokerage firm, and Dennemeyer S.A., a leading partner in intellectual property (IP) management headquartered in Luxembourg, announced today the signing of a Channel Partner Agreement.

Dennemeyer S.A. will offer its clients a sale option for patent assets. Drakes Bay Company LLC is the exclusive broker for the Dennemeyer offering and will work with Dennemeyer clients to identify potentially valuable assets, market, and sell them. Dennemeyer currently manages more than one million patents worldwide across a wide array of industries including automation technology, electronics, chemical, cosmetics, automotive, pharmaceutical, energy, consumer goods, and engineering.

"We are very pleased to announce this agreement with Dennemeyer," said Joseph W. Jennings, president and founder, Drakes Bay Company LLC. "We strive to provide the very best service to customers and to patent buyers around the world. Our goal is to match quality assets with buyers in existing and emerging markets worldwide."

"IP management is moving forward today to include the option of divestiture for our customers," said Dr. Malte Kollner, Head of Monetization, from Dennemeyer S.A.'s Frankfurt office. "We have integrated the sale option into our software and services and made it seamless for our customers to start the process within the Dennemeyer context with Drakes Bay Company."

"We selected Drakes Bay Company LLC because of their extensive analytical capabilities and their track record in selling patents worldwide," Dr. Malte Kollner added.

The Dennemeyer Group has offices in 9 countries worldwide and for more than 50 years has assisted thousands of clients, both companies and law firms, offering cost-effective solutions for the easy and secure management of IP portfolios. The Group's services include worldwide Patent and Trademark Filings and Renewals, Recordals of IP assets, multilingual state-of-the-art Software Solutions, as well as customized Consulting Services. Dennemeyer's head of monetization has been named one of the IAM 300 The World's Leading IP Strategists.

Drakes Bay Company LLC is a leading patent broker for buying and selling patents, raising IP Debt, and acquiring new defensive services.  They serve the IP defense and cash generation needs of operating companies, funds and inventors. The company has completed $65 Million in 53 patent transactions since 2007. Drakes Bay Company LLC has been named one of the IAM 300 The World's Leading IP Strategists since 2009, was awarded the Intellectual Ventures President's Award May 2012, and is a member of the Licensing Executives Society, Inc./US.

SOURCE Drakes Bay Company LLC