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NASA auctioning next-generation GPS technology
Posted: 12-Sep-2008 [Source: Ocean Tomo Auctions, LLC]

[NASA to participate in live IP Auction offering advanced next-generation GPS technology.]

Chicago -- Ocean Tomo Auctions, LLC -- the auctions arm of Ocean Tomo, LLC, the leading Intellectual Capital Merchant Banc® firm -- today announced that The U.S. National Aeronautics and Space Administration (NASA) will be participating in its October 30th Live IP Auction in Chicago. At the auction, NASA Goddard Space Flight Center technologies will be made available to the public as Lots 56, 57 and 58. Licensing government-owned patents through a live-auction process is a highly novel approach to partnering, and Goddard’s participation in Ocean Tomo’s auction will be the first time a federal laboratory has participated in such an event.

NASA’s participation is a result of a new ground-breaking partnership between NASA and Ocean Tomo Federal Services, LLC, a wholly-owned subsidiary of Ocean Tomo. This new partnership focuses on maximizing the value of NASA Goddard’s inventions by transferring technologies to commercialization partners, ultimately benefiting U.S. taxpayers and the domestic economy. Cheeks said the arrangement offers several benefits to NASA including the ability to leverage Ocean Tomo’s capabilities and expertise in monetizing IP assets through the firm’s successful live auction and other transaction platforms.

Lot 57 - GPS based system and applications

Until now, Global Positioning System (GPS) receivers, while providing an accurate and inexpensive means of navigation, have been limited to low Earth orbit (LEO) missions. The technologies disclosed in the 6 patents offered as Lot 57 are a leap forward for GPS technology. These technologies provide autonomous, real-time, fully spaceflight-qualified GPS receivers with exceptional capabilities for fast signal acquisition and weak signal tracking. These features enable the use of GPS navigation in high and geostationary orbits. In addition, this technology increases the accuracy of independent attitude estimation for use in aerial vehicles as well as ground-based aiming and pointing applications Given the broad scope of this patent portfolio, this Lot offers an opportunity to obtain the exclusive license of next-generation GPS technology and would be of interest to companies within the fields of surveying, navigation, machine guidance, wireless platforms, telecommunication infrastructure and homeland security.

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