Patents Related to Universal Remote Control Devices to Auction on November 11th at ICAP Ocean Tomo's Fall 2010 Live IP Auction

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Aug 19, 2010, 04:16 ET

CHICAGO, Aug. 19 /PRNewswire/ -- ICAP Ocean Tomo, the intellectual property brokerage division of ICAP plc (IAP.L), will auction off a lot comprised of three US issued patents at the upcoming Fall 2010 Live Auction in Napa, California on November 11th. The patents describe a programmable universal remote control device for displays such as televisions and computer monitors.

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In the US, the market for universal remote control devices is estimated to reach $1.8 billion by 2012.(1) Growth in this market can likely be attributed to consumer frustrations with the lack of standardization across device controllers. Managing an entertainment system for example, becomes a complex task as users are forced to navigate the system through multiple remote controls. This lot discloses a universal remote control device with programmable switches that enables a user to store preferred input sources for different devices thereby eliminating the need for multiple remote controls. Patent 7,508,460 of the lot presents an even broader scope of the technology by enabling device control directly from the TV or from the remote control device.

Dean Becker, ICAP Ocean Tomo CEO stated, "This technology will not only make it easier for consumers, it will also help them get the most out of their devices. Entities involved in manufacturing television systems, home theatre systems, projection devices, gaming consoles, and remote control devices should all consider this portfolio a valuable asset."

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

About ICAP Ocean Tomo LLC

ICAP Ocean Tomo is the intellectual property brokerage division of ICAP.

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.

(1) http://emailuniverse.com/list-news/?id=978

SOURCE ICAP Ocean Tomo