TextWise Semantic Search for Patents

TextWise and Innography® have announced a strategic partnership to incorporate TextWise semantic search into Innography’s intellectual property business intelligence solution. The new functionality available with Innography® Fall ’10™ enables Innography customers to perform contextual semantic search using specific patent numbers or long blocks of text as the query.

From the Press Release:

“TextWise facilitates near effortless querying for patent searchers and we’re pleased to be working with Innography as the leader in IP business intelligence,” says Connie Kenneally, President of TextWise. “The incorporation of our technology into Innography’s latest release mitigates the need to perform repetitive searches that rely solely on identifying keywords to generate relevant search results. In contrast, our semantic search performs well with very long queries and one does not have to find the perfect keyword combinations to get the most relevant results.”

A TextWise search is performed by incorporating the full context of either a paragraph, claim, abstract or any longer piece of text to generate more relevant matches to similar information contained in the US patent database. “TextWise takes an innovative approach to facilitating rapid identification of patents for monetizing IP assets when coupled with Innography’s intellectual property business intelligence solution,” said Doug Miller, Chief Marketing Officer at Innography. “Our customers have expressed great interest in patent semantic search, so we are very pleased to be offering this new functionality as an option with their Innography subscriptions.”

The target areas where this joint offering would be most advantageous are:

  • Expediting products for clearance from infringing on other offerings

  • Rapid idea screening for patenting

  • Lead identification for patent licensing, sales and patent acquisitions

  • NPE defense / invalidity protection

A demonstration of Innography Fall ’10™, including the TextWise patent semantic search feature, can be viewed on the Innography website.

About TextWise
TextWise delivers the ability to semantically search and match text contextually in the Patent, Customer Relationship Management (CRM) and Advertising markets. Our offerings provide search, discovery and matching tools for those searchers interested in using larger amounts of text as a query. TextWise holds a significant patent portfolio in extraction, search, categorization and classification using both NLP and statistics. TextWise is headquartered in Rochester, New York, and is VC funded. Visit http://textwise.com for a live demo and more information about our SemanticHacker API.
 

About Innography
Innography® delivers a comprehensive, online Intellectual Property Business Intelligence (IPBI) application that enables companies of all types and sizes to achieve the optimal return on their IP investments. By correlating patent and trademark data with financial, litigation and other key business information, Innography instantly generates a variety of unique visualizations to help organizations reduce the time it takes to perform IP research and reduce associated legal expenditures. This enables corporations to get products to market faster, uncover new and more lucrative revenue sources, keep better track of competitors, manage litigation claims, and stay on top of additional IP-associated functions. Visit http://www.innography.com to view a brief online product demo or call 1.512.306.8688 for more information.

 

For the original version of this Press Release visit PRWeb.

The War On Infringement

“If everybody is thinking alike, then somebody isn't thinking.” - General Patton

General Patent Corporation International (GPCI), a leading patent licensing and enforcement firm headquartered in Suffern, NY, according to its press release, reached an important milestone in its patent enforcement campaign on behalf of its subsidiary, Acticon Technologies LLC (Acticon). GPCI recently obtained the 150th settlement under Acticon's portfolio of "smart connector" patents.
"I am absolutely amazed at the success of these patents," said Steven Farago, Ph.D., the inventor of the Acticon "smart connector" technology. "Back in 1996, I wouldn't have thought it was possible to license 150 companies. But General Patent has been wonderful and exceeded all my expectations. They have left no stone unturned in enforcing the Acticon patents."
In another press release marking its 20th year in assertive licensing, General Patent claims to have netted millions of dollars for inventors, championing the causes of independent inventors in their “David vs. Goliath” battles.

Is there a right way and a wrong way for an inventor to go about licensing a patent to a major corporation? Mike Dillon, General Counsel at Sun Microsystems, who says "the best offense...is a good defense", seems to suggest as much here on his blog:
When a third party claim has been clear and the terms reasonable, we have entered into licenses. However, those situations are easily distinguished from the cases that make up almost all of our present docket of patent litigation. These lawsuits have usually been filed with no advance notice, by plaintiffs that don't commercialize their patents (i.e. create and sell products) and in venues considered favorable to them. It's also almost always the case that these plaintiffs have done little or no investigation to ascertain whether our products infringe prior to filing their lawsuit.
Comments ensue. What do you think? Is every non-practicing entity (NPE) that asserts patent rights, with a view toward settling a license, a dreaded patent troll? Or is there a legitimate role for patent management companies to provide professional assertive licensing services to patent holders? And, anyway, is patent litigation the best approach to intellectual property dispute resolution?