TQP Development, LLC Offers Covenant Not to Sue Through ICAP Patent Brokerage

The Covenant Covers a Patent Related to Transmitting Encrypted Data

Sep 15, 2011, 13:00 ET from ICAP Patent Brokerage

CHICAGO, Sept. 15, 2011 /PRNewswire/ -- ICAP Patent Brokerage, a division of ICAP plc and the world's largest intellectual property and patent auction firm, today announced that it will offer a Covenant Not to Sue (CNS) from TQP Development, LLC at its upcoming CNS Auction September 27th in Los Angeles.  The CNS covers TQP's U.S. Patent No. 5,412,730, which discloses technologies related to generating keys for use in transmitting encrypted data, such as over the Internet. TQP has engaged IP Navigation Group as its monetization advisor with respect to its patent portfolio.

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TQP is currently engaged in litigation with a number of companies, including, but not limited to:

  • Amway
  • Verizon
  • Sprint Nextel
  • Charles Schwab & Co.
  • Allianz
  • Farmers Insurance
  • Geico
  • HSBC

A CNS is an agreement that prevents assertion of a party's right to litigation. A company entering into a CNS with respect to the TQP's patent would gain the freedom to operate under it, and would avoid the uncertainty inherent in patent infringement litigation.

Starting today, ICAP Patent Brokerage will accept anonymous bids on the TQP Development CNS. To learn more about the assets available or to place a bid, contact Kevin Fiur at Kevin.Fiur@us.icap.com or (512) 505-2308.

About ICAP Patent Brokerage

ICAP Patent Brokerage is a division of ICAP plc and the world's largest intellectual property brokerage and patent auction firm.

About IP Navigation:

IPNav specializes in patent monetization. Additional information regarding IPNav is available at www.ipnav.com. You can contact IPNav at info@ipnav.com, by telephone at (214) 438-0800 or through their website.

SOURCE ICAP Patent Brokerage