Details Emerge: “World’s First Financial Exchange” With IP Focus
The Intellectual Property Exchange International (www.IPXI.com), the World’s First Financial Exchange based on Intellectual Property, announced today that Gerard J. Pannekoek has joined the company as President and Chief Executive Officer of IPXI Holdings, LLC, parent to IPXI. In his previous position as President and COO of the Chicago Climate Exchange (CCX), Mr. Pannekoek was tasked to bring to market the world’s first multi-national and multi-sector exchange for reducing and trading greenhouse gas emissions. In less than twelve months, he established the firm’s infrastructure and trading operations ultimately leading to a successful initial public offering.
The Intellectual Property Exchange International provides an innovative approach to the commercialization of intellectual property rights or “IP”. IPXI will leverage models used by other markets but instead of trading traditional commodities or equities, members, individual inventors, universities and corporations will trade contract rights in patents, trademarks and copyrights.
There is plenty of addition praise for Mr. Pannekoek's abilities to steer the corporate ship in favorable directions in the article. The new CEO of IPXI also has a peppy bit of cheerleading to add to the mix: "'I am truly excited about joining the team to accelerate the sales effort,' explains Pannekoek." More sales of valuable IP stocks and futures equates to more dollars in Mr. Pannekoek's pockets, so it's nice to see he's on board the company plan to maximize profits.
Global Times: According to a recent piece by Shi Jierui, Saab has successfully completed the sale of a portion of its intellectual property to Chinese automaker BAIC. From Jierui's BAIC buys some Saab intellectual property rights: "BAIC announced Monday that it has reached a deal with Saab to buy the Swedish automaker's intellectual property rights for some Saab 9-3 models, the current 9-5 models, and powertrain technology and tooling. Saab said that tooling for its current 9-5 model will move to China where it will be used to make BAIC vehicles, and Saab will assist BAIC in integrating the technology into their vehicles." This is the second automobile marque that has sold its IP to a Chinese company despite real concerns that such sales will end up compromising the brand's integrity with fraudulent application of related technologies and methods.
TechDirt.com: How could CNN confuse the number of patents filed with the amount of innovation occuring in the US? Seems they're just following the lead of other media outlets who tout the same "factoids" as factual when in reality, the information is faulty from the get-go. Mike Masnick reports: "We've seen it over and over again in the press. They love to assume that the number of patents being filed is a proxy for innovation. There's just one (large) problem with that. Multiple studies have shown no connection between patents and innovation. But, don't tell that to the reporters at CNN who are fretting about how the 'recession' has taken its latest victim: US Innovation. This is ridiculous on so many levels that even patent system defenders are disagreeing with CNN. First, CNN bases this on a minuscule 2.3% decline in patent filings, despite a massive growth in patent filings over the past fifteen years." And the good people at the USPTO aren't doing much to dispel these errors, as Masnick correctly points out: "Tragically, USPTO boss David Kappos -- who should know better -- perpetuates the myth that the two are directly connected. In commenting on the decline in patent applications, he notes: 'That's unfortunate because [patent filings] are a reflection of innovation,' said David Kappos, director of the Patent Office. 'Innovation creates so many jobs and so much opportunity for our country. It is absolutely key to our long-term success in the global economy.'" Interesting stuff going on here with the interweb tubes getting all crossed up and routing disinformation into the media's gaping news hole. Read Masnick's Dear CNN: Patents Are Not A Proxy For Innovation for the rest of the story.
Intellectual Property Watch: Intellectual property takes center stage at the climate change meetings in Copenhagen. From Tove Iren S. Gerhardsen's Tough Talks On IP In Technology Paper At Copenhagen; No Mention In Latest Draft:
One developing country official told Intellectual Property Watch that it was “absurd” that developing countries today have to pay royalties whenever they produce technology such as solar panels, which would be an obvious green technology for many developing countries to produce and use.
“How can the developing countries move if everything has to be paid,” the official asked. Many countries have the technical capacity to produce technologies, but could not afford to pay the royalties to developed countries, he said. Even when developing countries come up with new technology, they have to pay royalties on many parts, the official added.
China and the United States have also run into a stumbling block that might become an impasse:
The IP disagreement reflects the general divide in the overall negotiations, illustrated by two 11 December press conferences held by China and the United States respectively. China stressed the responsibility of developed countries for a deal to be struck, while the US said there would not be a deal unless developing countries stepped up commitments.
China said that technology transfer is an obligation by developed countries, and they “should not use IP as an excuse for not delivering on their promise.”
Interesting how countries without much to offer in the way of compensation for these "gifts" of hard-won intellectual property seek use of technologies without having to pony up. Here's an idea: why not make an agreement that works on a sliding "income" scale allowing countries with smaller GDPs to pay less than their monied benefactors? That way the owner of the IP will still be receiving something for their efforts and the poorer countries will still have a chance to cut their greenhouse emissions without having to re-invent the wheel. Just saying, that's all.
KPBJ.com: A Beantown-based software company is suing Microsoft with claims of infringement on a patent for extracting spreadsheet data. "NetView’s lawsuit alleges Microsoft infringed a 2007 patent titled 'System and Method for Efficiently and Flexibly Utilizing Spreadsheet Information,' which was originally applied for in 2003. NetView is seeking a temporary court injunction, preventing Microsoft from making or selling its Excel Services product, and asks for treble damages, alleging that the software giant has known about the infringement since August 2007." For more details, read the complete text of Microsoft sued in patent spat.
Bonus IP piece 'o the day: Nigeria: Udenwa Harps On Intellectual Property Rights by Clement Nwoji at allafrica.com.
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