OB Realty, LLC, an affiliate of Opus Bank, the former secured lender to BeamReach Solar, is pleased to announce that since April, it has received two patent grants [US and AU], nine notice of allowances [CN (1), EP (3) and US (5)] and filed 14 new applications [US (13) and JP (1)], including an application directed at a further cost-savings for the structure of the Sprint solar system technology.
Because of these new additions to the BeamReach patent portfolio and recent interest from strategic corporations outside the solar cell manufacturing segment, the diligence period will remain open until 5PM Eastern Time on September 15, 2017. All offers should be submitted no later than this deadline. Opus Bank will evaluate offers as they are received.
The portfolio of IP and know-how is attracting interest from companies with application for thin film flexible PV cells, such as automobile and roof shingle and tile companies, as well as commercial and utility scale installers interested in lightweight and rapid deployment racking systems. Beyond solar, drug delivery companies have expressed interest in BeamReach's porous silicon technology.
Parties interested in learning more about these BeamReach intellectual property assets, the sale process, and other bidding requirements should contact the parties below. A virtual diligence room is available for all interested parties.
The team continues to make significant progress selling the tangible portions of the BeamReach Solar inventory of equipment and assembled Sprint Solar Panels for direct installation on roofs.
Stephen Shea, former VP of Cell Engineering and Operations at BeamReach Solar and an expert with more than 30 years in the solar industry, will be attending the July 11-13 Intersolar North America Exhibition in San Francisco. Kindly contact Mr. Shea (stephen@beamreachassets.com or (m) 404-276-6103) or any of the below parties to arrange for a meeting during the Exhibition.
About Hilco Streambank
Hilco Streambank is a market leading advisory firm specializing in intellectual property dispositionand valuation. Hilco Streambank has completed numerous sell-side transactions including sales in publicly reported Chapter 11 bankruptcy cases, private transactions, and online sales through HilcoDomains.com and IPv4Auctions.com. Hilco Streambank is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), a worldwide financial services company and leader in helping companies maximize the value of their assets.
About IPmetrics
IPmetrics is a consultancy focused on intellectual property and intangible assets. IPmetrics offers a full range of valuation services to assess the value of trademarks, patents, copyrights and other forms of IP. IPmetrics valuation experts bring specialized knowledge across a wide variety of industries and assets, with the ability to critically analyze these complex assets in a multitude of valuation contexts. In addition, IPmetrics has a substantial background in the provision of IP damages expert witness services including the analysis of confusion / reverse confusion, dilution, unfair competition, and economic damages in litigation. Based in Southern California, IPmetrics can be reached at IPMETRICS.COM or (858) 538-1533.
About Darwin IP Advisors
Darwin IP Advisors advises large companies, start-ups/SMEs and consulting groups at the intersection of law, business and technology. Since its formation in 2016, Darwin IP Advisors team has provided intellectual property support and advisory services on several projects related to strategy, negotiations, IP portfolio development, asset valuation and monetization in addition to acquisition landscaping.
