Xerox to Sell Patents in Sealed Bid Auction
Xerox (NYSE: XRX), a global leader in business processes and document management systems, has engaged intellectual property brokerage ICAP Patent Brokerage, the world’s largest intellectual property brokerage and patent auction firm, to auction 239 U.S. patents and associated foreign patents and pending patent application. The patents represent projects from Xerox’s five global research centers, including PARC, a Xerox Company. The patents and pending U.S. and foreign applications will be divided into 27 different lots and are spread across 26 distinct technological fields. Bidding will take place between July 24th and July 29th.