Patent Law

From a March 26, 2009 press release available at PRWeb:

Today, President Obama's Task Force on Autos received the Automaker Patent Assets Intelligence Report (2009 APA-Intel Report) comparing the patent portfolio assets of General Motors, Ford, Chrysler, Toyota and Volkswagen.

As financial markets based on traditional assets continue to collapse, patents are emerging as the single most important asset class upon which sustainable economic recovery will depend. Most taxpayers agree that a trillion dollars in bailout money is staggering, but the Harvard Business Review reported that U.S. companies currently waste $1 trillion in patent assets every year.

The APA-Intel Report presents findings that show how the US automakers have managed innovation, and their patent assets over the past decade. The new information comes just in time for Task Force consideration as automakers prepare to present their recovery plans at the end of the month.

Andy Gibbs, Chairman and Chief Executive Officer of PatentCafe said: "The APA-Intel Report on patents is the first of its kind that provides an in-depth comparison of the quality of patent portfolios owned by Chrysler, Ford, and General Motors, against their largest Japanese and European counterparts. High quality patents provide huge revenue opportunities, and low quality patents increase operational risk."

See the full press release here and download the full report here.