SAN DIEGO, April 17, 2018 /PRNewswire/ -- Heritage Global
Patents & Trademarks has been appointed by the US Bankruptcy Court, District of Minnesota to
auction the Intellectual Property of the former SheerWind Corp. The Intellectual Property consists of SheerWind's worldwide
portfolio of wind-turbine Granted Patents and Patent Applications. The portfolio will be sold as one auction lot to the highest
bidder, subject to Bankruptcy Court confirmation.
The substantial portfolio includes Granted Patents and Patent Applications from patent offices around the world including:
USA, China, Japan,
Australia, New Zealand, Hong
Kong, India, Mexico, Denmark, the European Patent Office and the World Patent Office.
SheerWind Inc developed its patented INVELOX technology to increase wind speed to facilitate generation of clean energy in
areas where there had previously been insufficient wind-speed to make traditional column-mounted wind turbines spin. The
technology was designed to capture and funnel wind to increase the wind-speed and harvest energy from multiple turbines housed
safely near the ground, while simultaneously reducing the danger to birds posed by the traditional column-mounted wind
turbines.
Ross Dove, CEO of Heritage Global, "This is a perfect example of a novel technology living on
after a corporate shutdown and ideally being purchased by an entity capable of realizing the full inherent potential of this
environmentally friendly wind-power generation technology."
Doug Berman, Director of Heritage Global Patents & Trademarks, added, "This is an
exceptional opportunity for entrepreneurs to either add to their existing Alternative Power technologies or to jump-start their
entry into Wind Energy with the benefit of bypassing the time and cost required for research and development as well as the costs
of the patent process itself."
Full SheerWind Auction
Details
About Heritage Global Inc. www.heritageglobalinc.com
Heritage Global Inc. (OTCQB: HGBL) (CSE: HGP) is a value-driven, innovative leader in corporate and financial asset
liquidation transactions, valuations and advisory services. Heritage Global focuses on identifying, valuing, acquiring and
monetizing underlying tangible and intangible assets in twenty-eight global manufacturing and technology sectors. Heritage Global
acts as an adviser, as well as a principal, acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery
and equipment, industrial inventories, accounts receivable portfolios, intellectual property, and entire business
enterprises.
About Heritage Global Patents & Trademarks
Heritage Global Patents & Trademarks is the Intellectual Property Division of Heritage Global Inc. It's "APEX" – "Affordable Patent Exchange" is a
platform for corporations to monetize:
- Patents no longer part of strategic corporate objectives
- Patents which have never been commercialized and for which there are no plans to do so
- Orphan Patents acquired in mergers and acquisitions that are non-core and not needed
- Unwanted patents representing ongoing cost but whose market value declines with every year of non-use
Contact
Doug Berman, Director
Heritage Global Patents & Trademarks
707-245-4417
193438@email4pr.com
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SOURCE Heritage Global Patents & Trademarks