Traffic-Aware Notification Patent Portfolio
Vitek IP, LLC announced that they are the exclusive representative to sell the patent portfolio of Proxpro Inc., the originator of “time to leave” navigation and calendar technology.
The Traffic-Aware Notification patent portfolio contains 3 U.S. patents within two patent families. The technology covers “when to leave” alerts based on non-recurring traffic data and other situation-aware notifications. The patent owner previously sold location-based networking patents a decade ago and is now divesting the remainder of their patent portfolio which includes their patent crown jewels. Proxpro technology won 3 industry awards for innovation adopted by industry, and the patent portfolio has been cited by over 70 major technology companies.
The key patent utilizes a blend of real-time traffic conditions and historical data to predict travel time, providing a “when to leave” alert to a user’s mobile phone. The patented technology is applicable to a wide array of markets, including mapping, navigation, field services, fleet management, digital assistants, and calendar applications. Players in each of these industries utilize key patent claims. The portfolio additionally includes using carbon-footprint data to suggest more eco-friendly routes, a vital feature in a more green-aware navigation future.
The technology described in the patent portfolio is utilized by major navigation, field service and digital assistant products. Mapping applications use a blend of real-time and historical traffic data to predict optimum travel routes at a future time, providing “time to leave” alerts and latest departure times based on a desired arrival time. Digital assistants integrated with mapping technology provide alerts based on calendar entries. Field service enterprise software offers management platforms that schedule work orders with estimated arrival times based on current and historical traffic conditions.
The Traffic-Aware Notification patent portfolio offers a unique opportunity for a company to acquire the fundamental “time to leave” patents in a multi-billion-dollar market. The early priority dates provide strong coverage and the patent claims are in widespread use by mapping, field service, and virtual assistant companies.
Offers for the patents will be reviewed as they are received, and the patent owner intends to finalize a transaction in Q3 2020. To receive an overview of the portfolio or detailed market materials, contact us via email at email@example.com.