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Virtual Reality E-‐Commerce Patent Portfolio From A Highly Pedigreed Inventor
Notable Applications: Virtual reality environments with embedded commerce applications
The information contained herein is presented solely to enable potential buyers with their evaluation of the patents being offered for sale herein. The information provided herein or provided/exchanged with potential buyers does not constitute, and should not be construed as, notice or the accusation of infringement of any of the patents or pending applications offered for sale herein. Any distribution of this memorandum outside of the receiving party’s organization is strictly prohibited.
Memorandum Re Patent Sale
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Introduction The Soryn IP Group is pleased to exclusively offer for sale a patent portfolio related to virtual reality environments with embedded commerce applications. This portfolio is the brainchild of a leading technologist, who held senior positions at many of the world’s leading technology companies before founding the research and development company through which this portfolio emanated As Facebook’s recent $2 Billion purchase of virtual reality company Oculus demonstrates, the renaissance of virtual reality is upon us.1 Experts also agree that a key application of Oculus or any virtual reality platform is the ability to introduce e-‐commerce to virtual reality environments: Although [virtual reality] is largely designed for gaming . . . it also has huge potential for other applications, such as shopping and social experiences. Directly related to this lucrative virtual reality market, the 3 patents and 2 patent applications in this portfolio relate to foundational aspects of e-‐commerce in virtual reality environments. As such, they will prove a valuable asset to any technology company seeking to enter the virtual reality market, whether through wearables, e-‐commerce web platforms or commerce-‐based social media.
The patents in this portfolio contain high quality claims that issued after lengthy and thorough prosecution. The portfolio also benefits from favorable priority dates and a lengthy patent term extension. All pending applications are being strategically prosecuted at the direction of the Soryn IP Group.
This virtual reality patent portfolio is the brainchild of a pioneering technologist in every sense of the word. A Ph.D. in physics and the named inventor of 16 U.S. Patents, this inventor has held senior positions at many of the world’s most prestigious technology companies, including AT&T Bell Laboratory, General Electric Co. and Applied Materials. Ultimately, in 1997, the inventor of this portfolio founded a computer research and development company devoted to exploring how computers, computing networks, and the Internet can be optimized and made better and more intelligent for human users. The patents in this portfolio originated from within that company’s research and development activities. 1 https://www.facebook.com/zuck/posts/10101319050523971; http://mashable.com/2014/03/31/oculus-‐rift-‐facebook-‐concept-‐video/; http://www.engadget.com/2014/03/28/facebook-‐on-‐oculus-‐rift/ 2 http://mashable.com/2014/03/31/oculus-‐rift-‐facebook-‐concept-‐video/
For additional information on this opportunity, please contact: Michael Gulliford Founder, Soryn IP Group, LLC 201-633-4713 [email protected]
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The Market While rare for a leading technology company to publicly forecast its bet for the future, Facebook’s Mark Zuckerberg did exactly that following the company’s announcement of its acquisition of the virtual reality platform Oculus. During a Facebook conference call announcing its $2 billion acquisition of Oculus, Mr. Zuckerberg emphasized the company’s belief in virtual reality, noting that “the most exciting platform is around modifying what you see to create . . . immersive experiences.”3 Echoing Facebook’s investment, a number of the world’s most prestigious companies have signaled their intent to enter the virtual reality space. Put simply, “no major technology company is ignoring a product with the potential to change so much.”4
“The virtual reality business is attracting the attention of the biggest companies, who see this technology as a profitable
niche market that’s worth investing in.”5
In addition to Facebook, notable participants in the virtual reality space include:
• Microsoft -‐ in addition to a recent $150 million acquisition related to virtual reality IP6, Microsoft is emphasizing its commitment to virtual reality experiences.7
• Sony – recently announced its Virtual Reality System, termed “Project Morpheus.”
• Google – recently began highlighting virtual stores that are accessible to consumers via Google Street View Tours.8
• A host of other companies recognizing the promise of virtual reality.
According to a recent analyst report, the immersive virtual reality market is expected to reach $1.06 Billion by 2018.9
3 http://mashable.com/2014/03/26/companies-‐virtual-‐reality/ 4 http://www.forbes.com/sites/davidthier/2014/03/21/microsoft-‐is-‐working-‐with-‐virtual-‐reality-‐too/ 5 http://blogthinkbig.com/en/following-‐moves-‐by-‐facebook-‐and-‐sony-‐microsoft-‐signs-‐on-‐to-‐virtual-‐reality/ 6 http://www.techspot.com/community/topics/microsoft-‐sinks-‐150m-‐in-‐virtual-‐reality-‐ip.201266/ 7 http://www.forbes.com/sites/davidthier/2014/03/21/microsoft-‐is-‐working-‐with-‐virtual-‐reality-‐too/) 8 http://www.ctvnews.ca/sci-‐tech/google-‐and-‐gucci-‐team-‐up-‐for-‐virtual-‐store-‐based-‐in-‐milan-‐1.1440415 9 http://computers-‐internet.gate2.co.uk/augmented-‐reality-‐virtual-‐reality-‐market-‐is-‐growing-‐at-‐a-‐cagr-‐of-‐15-‐18-‐will-‐reach-‐1-‐06-‐billion-‐by-‐2018-‐new-‐report-‐by-‐marketsandmarkets/
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Portfolio Highlights
The Portfolio Portfolio Size 1 Family: 3 issued U.S. Patents 2 pending U.S. Patent Applications Relevant Markets Virtual reality E-‐commerce Evidence of Use Claim charts, and materials re market adoption to be provided under NDA. Encumbrances None Offer Deadline The Soryn IP Group will give consideration to all offers and apprise qualified parties of bidding procedures.
Sample Forward Cites Google Inc., Verizon Patent & Licensing
Summary
3 patent and 2 pending applications related to:
Systems And Methods For Constructing And Displaying Active Virtual Reality Cyber Malls, Show Rooms, Galleries, Stores, Museums, And
Objects Within
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Transaction Highlights Bidding Deadline All qualified parties will be apprised of bidding status and procedures. Offer Submission All offers should be submitting in writing, detailing the price offered and any material conditions to closing. Transaction Structure The seller prefers an all-‐cash transaction. Pricing Neither the Soryn IP Group nor the seller has set a price floor. The seller reserves the right to accept an offer, or to refuse any offers in its sole and arbitrary discretion. Does Not Count as Notice The seller has agreed that the information provided to interested parties, during this sales and marketing campaign, will not count as notice for purposes of any legal theory requiring proof of such notice in litigation.
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Disclaimer & Legal Notice The information contained herein is presented solely to enable potential buyers with their evaluation of the patents offered for sale herein. The information provided herein or provided/exchanged with potential buyers does not constitute, and should not be construed as, notice or the accusation of infringement of any of the patents or pending applications offered for sale herein. Any distribution of this memorandum outside of the receiving party’s organization is strictly prohibited.
Exclusion of Warranty: Every effort has been made to ensure the accuracy of the information presented herein. However, the Soryn IP Group, LLC does not warrant and does not assume any responsibility for the accuracy of the information, text, graphics, links, or other items contained in this memorandum. All information presented herein is posted for informational purposes only and subject to change without notice. The Soryn IP Group, LLC may make improvements and/or changes to the information described in this memorandum at any time without notice. You should make your own independent evaluation of the patents offered for sale herein.
Similarly, any statements made within this memorandum, including any statements regarding priority dates and/or the potential scope or coverage of any patents claims are solely the opinion of the Soryn IP Group, LLC and should not be construed as legal advice. As with any opinion, such statements may be contradicted or disagreed with by the United Stated Patent & Trademark Office or any court of law. As the Soryn IP Group is not a law firm, it does not offer legal advice and recommends that any third party reading this memorandum consult with a lawyer regarding any and all of the information set forth herein.
YOU EXPRESSLY UNDERSTAND AND AGREE THAT (I) YOUR ACCESS TO AND USE OF ALL INFORMATION AVAILABLE IN THIS MEMORANDUM IS AT YOUR SOLE RISK AND (II) ALL INFORMATION PROVIDED IN THIS MEMORANDUM IS PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED.
Limitation of Liability. YOU EXPRESSLY UNDERSTAND AND AGREE THAT THE SORYN IP GROUP, LLC SHALL NOT UNDER ANY CIRCUMSTANCES BE LIABLE TO YOU FOR:
ANY LOSS OR DAMAGE WHICH MAYBE INCURRED BY YOU, INCLUDING BUT NOT LIMITED TO, LOSS OR DAMAGES AS A RESULT OF RELIANCE BASED ON THE ACCURACY, COMPLETENESS , OR EXISTENCE OF INFORMATION PROVIDED IN THIS MEMORANDUM; AND
ANY SPECIAL, INCIDENTAL, INDIRECT, CONSEQUENTIAL DAMAGES, DAMAGES WHATSOEVER, OR LOSSES, INCLUDING, WITHOUT LIMITATION, LOSS OF PROFITS, USE, OR DATA, WHETHER IN AN ACTION OF CONTRACT, NEGLIGENCE OR OTHER TORTIOUS ACTION RESULTING FROM OR ARISING OUT OF USE OF OR RELIANCE ON THE INFORMATION PRESENTED IN THIS MEMORANDUM;
THESE LIMITATIONS ON THE SORYN IP GROUP’S LIABILITY SHALL APPLY (I) WHETHER OR NOT THE SORYN IP GROUP, LLC HAS BEEN INFORMED IN ADVANCE OR SHOULD HAVE BEEN AWARE OF THE POSSIBILITY OF SUCH DAMAGES OR LOSSES OR (II) NOTWITHSTANDING ANY FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED REMEDY.
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