Suffern, NY - December 21, 2007 - General Patent Corporation (GPC), a leading intellectual property (IP) firm headquartered in Suffern, New York, marks its 20th anniversary this year.
Founded in 1987 by Alexander Poltorak as a patent licensing and technology transfer organization, GPC has since grown into a leading, full service IP management company.
"Patents are the currency of the knowledge-based economy," said Alexander Poltorak, GPC's Chairman and CEO. "We help our clients to leverage their patent portfolio and generate tangible results from intangible assets. We create wealth from their wealth of ideas."
GPC provides IP audit and valuation, IP analysis and strategy, IP portfolio mining and management, technology transfer and IP licensing, as well as other IP consulting services, to domestic and foreign businesses, universities, institutional investors and individual inventors.
GPC's affiliate, General Patent Corporation International (GPCI), the premier contingency patent licensing and enforcement organization, has been successfully enforcing the IP rights of independent inventors and small companies who might have otherwise been unable to benefit from the results of their ingenuity. The efforts of GPCI have netted millions of dollars for inventors, which championed the cause of independent inventors in their "David vs. Goliath" battle.
Amongst its accomplishments of the last five years, GPC has successfully enforced many patent portfolios, including:
* the award winning Acticon Technologies portfolio related to smart connectors (Acticon now has 146 licensees);
* the Advanced Card Technologies (ACT) portfolio relating to phone and gift cards (ACT now has 24 licensees);
* the Moen Technologies patents related to debit- platform interactive telecommunications;
* the Forward Technologies patent related to remote call forwarding;
* the Scieran Technologies patents related to eye surgery devices;
* the Trounson Automation patent related to control systems for multi-axis milling machines;
* the Upstream Technologies patent for truck cap windows;
* the Zip Clip patents for hair curlers; and
* the Digital Technology Licensing patent related to digital wireless communications.
Another affiliate of GPC, IP Holdings LLC, is an IP- centric merchant banking organization that provides IP- related finance and IP brokerage services. IP Holdings operates an idea incubator that invests in promising innovative technologies and incubates valuable IP portfolios for future licensing. Among IP Holdings' portfolio companies, is Ryogen LLC, a genetic start up that owns a valuable portfolio of gene- related patents.
GPC's principals, Alex Poltorak and Paul Lerner, also published their second book, "Essentials of Licensing Intellectual Property."
"Intellectual property is the single most valuable and yet most undervalued asset class in today's economy," says Alexander Poltorak. "The value and competitive advantage it affords will continue to grow with time," he concluded.