Data Compression Patent to Auction on November 11th at ICAP Ocean Tomo's Fall 2010 Live IP Auction

CHICAGO, Sept. 7 /PRNewswire/ -- ICAP Ocean Tomo, the intellectual property brokerage division of ICAP plc (IAP.L) and the world's premier patent auction firm, will auction off a lot of data compression technology from at the upcoming Fall 2010 Live Auction in Napa, California on November 11th. The lot includes US issued patent 7,733,249 which describes methods for lossless compression and decompression of digital data.

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The methods described by the patent improve the speed of data transmission between computers, devices, and any other networked component via the repetitive compression and decompression of a data file. Conventional compression techniques allow only one compression cycle per data file. The '249 patent allows for a repetitive compression process that greatly reduces the file size, thereby enhancing the storage capacity of data servers and significantly improving the speed of data transmission. In addition, because the patent enables significant flexibility as well as the opportunity for multiple levels of compression, the aforementioned compression technique can also serve as an encryption process.

Improvements in data compression will have a significant impact on numerous large markets, including the mobile multimedia market which is expected to reach $13.1 billion in 2013.(1) Dean Becker, ICAP Ocean Tomo CEO stated, "Due to the considerable market potential of this technology, web service providers and entities involved in broadcasting, data storage, and telecommunications should consider this lot a valuable asset."

To learn more about this patents and how to participate in the Fall 2010 Live Auction please contact Dean Becker at [email protected].

To view the Fall Auction catalog online visit http://icapoceantomo.com/auction/fall/catalog.

(1) http://www.iemarketresearch.com/members/Reports/ViewReportDetail.aspx?RID=1106&flag=1

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 is also the source of global market information and research for professionals in the international financial markets. 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

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