Hilco Streambank to Manage Sale of Touch Screen Patent Portfolio

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Nov 07, 2011, 03:04 ET

BOSTON, Nov. 7, 2011 /PRNewswire/ -- Hilco Streambank has been chosen by the Australian receiver KordaMentha to market and sell the intellectual property assets of RPO Pty. Ltd., an Australia based developer of new touch screen technology for the consumer electronics market. The core of RPO's assets is a patent portfolio relating to (a) proprietary polymer materials (b) RPO's unique low-cost large-scale planar optical waveguides, (c) RPO's optical-touch system called Digital Waveguide Touch™ and (d) various touch screen system patents. These patent families represent the next-generation of touch screen technology and enable finger swipes with a gloved hand, using any object as a stylus, and brighter displays with more true colors. The assets represent a $55m investment, which has generated significant interest from RPO's major customers and others.

Commenting on the portfolio, RPO's founding CEO Ian Maxwell noted, "This technology platform just has so many opportunities. The Digital Waveguide Touch™ touch screen technology solves real issues facing designers of touch systems for products such as e-books and automotive applications, but can also be applied in just about all consumer and professional electronics applications. A real bonus is that the enabling technologies, that is the proprietary polymers and optical waveguides, are very unique and have their own independent path to commercial exploitation."

According to the investment opportunity memorandum, the deadline for submitting a qualified offer is November 25th, 2011 at 5:00 EST and the auction will be held in San Francisco at the law offices of Cooley LLP on December 1st, 2011. Parties with an interest in the intellectual property assets should contact Pete Huntington, (781) 444-4940 or [email protected] for more information.

About Hilco Streambank

Hilco Streambank is an advisory firm, specializing in the valuation, marketing, and sales of intangible assets for businesses at all stages. Hilco Streambank identifies, preserves, and extracts value for clients through the application of experience, diligence and creativity. The firm's recent experience includes the sale of the DiVX patent portfolio, as well as Borders, Robb & Stucky Furniture, Berkline/BenchCraft, Tavern on the Green, Circuit City and other notable trademarks and brand names. Additionally, Hilco Streambank provides intangible asset valuation services to stakeholders in a variety of contexts including reporting, lending, and for the resolution of disputes. Hilco Streambank is headquartered in Needham, MA and has offices in New York, NY.

CONTACT: Gabe Fried, +1-781-444-4940 [email protected]

SOURCE Hilco Streambank