LAS VEGAS, Sept. 11, 2012 /PRNewswire/ -- MetaPower International, Inc. (OTCPK: MTPR) is pleased to announce that MetaPower, Inc has undertaken certain efforts to monetize its intellectual property. In this connection, MetaPower has become a founding member of the IPXI (Intellectual Property Exchange) exchange which has been created to monetize the intellectual property of exchange members. As a founding member, MetaPower has agreed to issue license rights to its patents through IPXI to buyers who are currently or potentially using the Company's intellectual property. IPXI conducted a preliminary appraisal of MetaPower IP prior to offering a founding membership to MetaPower. MetaPower hopes to realize revenue through the sale of IP licenses on the IPXI exchange. However, and in part because IPXI is a relatively new concept, it is not possible at this time to know whether or not this hope will be realized.
Other IPXI founding members include: Philips Intellectual Property & Standards, Com-Pac International, MetaPower, Inc., Ford Global Technologies, LLC, Sony USA, Rutgers University, Northwestern University, University of Utah, University of Notre Dame, Regents University of California, Lawrence Livermore National Laboratory, Pacific Northwest National Laboratory, and Brookhaven National Laboratory.
About MetaPower International, Inc.:
MetaPower International, Inc. is a technology and services firm originally founded in 1996 that provides information technology and change management services to hazardous process industries. This link between technology and services is critical to manage the changes necessary to successfully compete in the current environment. In today's world, business operations must be streamlined to meet the challenges of these turbulent economic times.
This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, and other factors that may adversely impact us. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events.
SOURCE MetaPower International, Inc.