Conversion Works, Inc. and Adapt IP Ventures Partner to Monetize 2D to 3D Video Conversion Patent Portfolio

ATLANTA, July 25, 2012 /PRNewswire/ -- Conversion Works, Inc. and Adapt IP Ventures, LLC partner to monetize Conversion Works' patent portfolio related to converting 2D video to 3D video. The patent portfolio specifically covers stereoscopic imaging and visualization and served as a basis for a robust suite of technologies aimed at moving from semi-automatic 3D conversion to fully-automatic 3D conversion.

"Adapt IP Ventures serves a critical role in our efforts to monetize this foundational patent portfolio through their advisory and investment services", stated Richard DeVries, Chairman of Conversion Works. "As a result of engaging Adapt IP Ventures, we have been granted one additional U.S. patent and filed numerous additional patents which will significantly increase the value of this offering."

The patent portfolio consists of four (4) issued U.S. patents, ten (10) pending U.S. patent applications – one that received a notice of allowance - and numerous international counterparts. With priority dates as early as September 1998, the patent portfolio has been referenced 50 times by leading companies including AT&T, Canon, HP, IBM, Philips, Microsoft, NVIDIA, RealNetworks, Seiko Epson, Sony, Thomson Licensing and Xerox.

"The value of this patent portfolio increases dramatically as adoption rates of 3D technologies continue to rise in segments ranging from consumer electronics (televisions, laptops, game consoles, etc.) to software providers to film studios," comments Grant Moss of Adapt IP Ventures. "We are encouraged by the interest level in acquiring this patent portfolio, especially considering we are early in our marketing process."  

Companies interested in obtaining more information about the Conversion Works patents should contact Grant Moss of Adapt IP Ventures at [email protected].

About Adapt IP Ventures, LLC

Adapt IP Ventures, based in Atlanta, GA, provides transaction advisory services designed to assist innovative firms understand and extract value from their patents. Typical engagements consist of Adapt IP Ventures developing and executing custom strategies to sell or license patents. For more information, please visit www.adaptipventures.com.

About Conversion Works, Inc.

Conversion Works, Inc., a Delaware-based corporation, developed 2D video to 3D video technology through its wholly owned subsidiary based in Calgary, Canada. Conversion Works' stereoscopic technologies are protected by numerous patents with international coverage.

Contact:
Grant Moss
Adapt IP Ventures, LLC
Phone: 770-353-0756     
Email: [email protected]

SOURCE Adapt IP Ventures, LLC