Introducing GPS Video - ICAP Ocean Tomo to Auction Techniques for Embedding Positional Data Into Video Signals for Display on Handheld Devices

CHICAGO, March 21, 2011 /PRNewswire/ -- Developed by Koplar Interactive Systems International LLC and represented by ICAP Ocean Tomo, this patent portfolio discloses a system for combining positional data and video. The portfolio will be available at ICAP Ocean Tomo's upcoming Spring 2011 Live IP Auction March 31st in New York City.

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Key Characteristics & Benefits

This patent lot discloses the following:

• A system for combining positional data and video. With this invention, positional data from navigation systems and other auxiliary sources can be incorporated into video signals and subsequently displayed on a video camera.
• The technology links positional data with video signals in a single video recording.
• To achieve this level of synchronization, the system uses a mobile object associated with both the video camera and positional data receiver.
• Information about the location of the mobile object (e.g., vehicles, video cameras, handheld devices, trains, tanks, watercrafts, airplanes, etc.) is sent from satellites to the positional data device.
• The video camera creates a video signal, which it sends to an encoder. Auxiliary sources can be used in the same way, obtaining data about the mobile object and sending it to the encoder.
• The encoder codes the data in the video signal, which is stored on the video camera.
• The decoder receives all the data from the video signal and the system displays the data from the positional data receiver (along with the auxiliary source if it is used) in the form of a video, which can be stored and played back.

Market Potential

This lot should be of interest to manufacturers of cameras, mobile phones, navigation systems, and other entities looking to incorporate this technology into their products.

• By 2014, the number of mobile handsets with GPS receivers will reach 960 million.(1) Worldwide, the mobile location technologies market is expected to reach $70 billion by 2013.
• Moreover, the global market for services specifically related to GPS should see a significant increase in revenues as well, reaching $10 billion by 2013.(2)
• An enormous variety of consumer electronic industries can benefit from this invention. Analysts have seen tremendous growth in the market for GPS-related products, as both personal and commercial users are demanding more accurate navigation and timing capabilities in devices.  GPS receivers are now standard features in cars, phones, workout watches, and other handheld devices.  
• Industries involving complex logistical operations rely on GPS systems as well. For example, real-time knowledge of positional data is crucial for the operations in agriculture, commercial airlines, federal agencies, and emergency responders.(3)

About ICAP Ocean Tomo LLC

ICAP Ocean Tomo is the intellectual property brokerage division of ICAP and the world's premier patent auction firm.

About ICAP

ICAP is the world's premier interdealer broker and provider of post trade services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com.

SOURCE ICAP Ocean Tomo