TechDev Holdings, LLC Offers Covenant Not to Sue Through ICAP Patent Brokerage

CHICAGO, Sept. 14, 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 TechDev Holdings, LLC at its upcoming CNS Auction September 27th in Los Angeles. The CNS covers TechDev Holdings' patent portfolio of 36 patents and 13 patent applications. TechDev has engaged IP Navigation Group as its monetization advisor with respect to its patent portfolio.  

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The patents covered by this CNS disclose technologies related to a wide variety of technologies, including computer-assisted configuration and sales systems, energy sales and management, appliances, electronic coupons, and remote helpdesk support.  

Entities owned by TechDev Holdings are currently engaged in litigation with a number of companies, including, but not limited to:

• Airbus
• Amazon
• General Electric
• Gulfstream Aerospace Corporation
• Novell
• Target

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 TechDev Holdings' patents would gain the freedom to operate under them, and would avoid the uncertainty inherent in patent infringement litigation.

Starting today, ICAP Patent Brokerage will accept anonymous bids on the TechDev Holdings' CNS. To learn more about the assets available or to place a bid, contact Kevin Fiur at [email protected] 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 [email protected], by telephone at (214) 438-0800 or through their website.

SOURCE ICAP Patent Brokerage

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