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Innovative Software can Unearth Millions in Untapped Patent Revenue

Friday, February 20, 2009

Silicon Valley technology experts will have an opportunity to see how their patent portfolio assertion process can be streamlined.

For years, identifying patent portfolio assertion opportunities took weeks or months of tedious work. Add to that the changing business landscape -- fueled in part by economic challenges and the growth of technology-related intellectual property – and that long wait has increasingly frustrated patent holders and individual inventors alike.

That process is now much quicker and far less costly due to the release of the ClaimBot® system. ClaimBot's timing couldn't be better, coming as the nation's economic recovery remains many months away and organizations are viewing their patent portfolios as sources of untapped revenue.

At 90-minute seminars in San Jose on March 11, attendees will grasp how ClaimBot enhances portfolio assertion planning efficiency and improves the bottom line. For more information and to register, please visit:

Ahead of those seminars, editors and reporters can scrutinize ClaimBot for themselves during a show-and-tell webinar on March 3 (noon EST). For more information and to register, please visit:

Use your microphone and speakers (VoIP)-a headset is recommended. Or, call in using your telephone.

Live IP Media Webinar Tue, March 3 at 9AM PCT, 11AM CST, Noon EST

  • Dial 916.233.3080
  • Access Code: 785-798-597
  • Audio PIN : Shown after joining the meeting
  • Meeting ID : 785-798-597

Designed by a Minneapolis firm of patent prosecutors (Schwegman, Lundberg & Woessner, P.A.), ClaimBot removes many of the mundane tasks that previously occupied patent experts for weeks, such as digging through patent documents and manually creating claims coverage charts and spreadsheets. ClaimBot also acts as an institutional memory of patent claims coverage that can be easily accessed and understood by patent attorneys and as well as by business leaders.

ClaimBot does not, however, replace patent experts. Instead, it frees them to create more extensive analyses and show clients where assertion opportunities lie. On the flip side, ClaimBot can also show where they face infringement, what minor changes may be needed to avoid infringement, or how to drive licensing revenue by enforcing existing patents.

While the amount of patent licensing revenue generated in the U.S. is in the tens of billions of dollars, it has the potential to be far greater. The Harvard Business Review estimates that U.S. companies fail to capitalize on more than $1 trillion worth of patent assets annually. It's ClaimBot that gives organizations and their patent experts the ability to unearth some of that potential revenue.

"In these tough times, it is important to seize upon a way to cut patent claims coverage analysis costs and increase assertion revenue," said Steve Lundberg, a partner at the firm.

About Schwegman, Lundberg & Woessner, P.A.

Schwegman, Lundberg & Woessner, P.A., a patent strategy and acquisition law firm, was founded in 1993 by partners Micheal Schwegman, Steven Lundberg and Warren Woessner, Ph.D. With an impressive client list that includes emerging corporations as well as Fortune 500 companies and major universities, SLW has 80-plus attorneys, all with technical degrees, who practice in more than 100 areas. SLW also has offices in Silicon Valley and Austin, Texas. Visit:

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