SGE

When I state that Patriot’s competitors are largely private, I’m specifically referring to a new emerging market requirement for intellectual property brokers/middlemen. I’m stipulating that most of these brokers today operate very privately (note “open”).

Yes, a lot of public companies have very large patent portfolios (IBM is the classic example). And historically, the majority of these public companies have focused their patent strategies on protecting intellectual property through post conflict litigation.

We have talked about the opportunity for Patriot to play a market role in helping companies take illiquid assets (an invention) and making them liquid for the purpose of pro-active commercialization. Public companies with large patent portfolios will benefit greatly with the emergence of these brokers/middlemen.

I have a hunch, that Companies like IBM, Toshiba, Johnson & Johnson, etc are being compelled to find new and more efficient mechanisms to make effective use of their acquired intellectual property for their shareholders. To a certain extent, we may see this play out with our Holocom venture.

I challenge the board to bring forth examples of public companies who can credibly & effectively serve as a broker of intellectual property across many marketplace verticals, enabling the commercialization of intellectual property. There are few examples if any IMO. And Patriot and other companies have the opportunity to help fulfill this growing market need.