Just a week after news hit the fan that Ocean Tomo was selling its transactions practice and would be falling apart soon hereafter (not true), we receive word that Ocean Tomo and French bank Caisse des Dépôts have agreed to a working protocol to develop the first European patent ratings system. No money has yet changed hands as a result of the deal, but it is said to be an agreement to work together in providing a European patent ratings platform to rate patents coming out of the EPO and certain national patent offices in Europe. The model will duplicate that of the Ocean Tomo 300 here in the U.S.
This event follows on the heels of a lot of rumors at the IPBC that Ocean Tomo was selling all of its “distressed assets” that held no value or promise in the IP market any longer. Apparently, these were a little premature. David Silverman had mentioned this project to a friend of mine a while back, and I am glad to see that OT is extending its revolutionary model to a global platform. If this project succeeds, we may need to evaluate whether this could be a foundation for the standardization of international IP valuations. This is still a long way off, but apparently Asia is next in line for an Ocean Tomo patent ratings system. Furthermore, with the backing of resources from a broker like ICAP and respect from an institution like Caisse des Dépôts, Ocean Tomo seems to be taking the right strategic steps. It is a small company with a lot of potential. These steps can only open more doors for Dean Becker and crew. Keep your eyes open for more . . .