MENLO PARK, Calif., March 1, 2013 /PRNewswire/ -- ICAP Patent Brokerage announces for auction a vehicular traffic status system from inventor James W. Pearce. This lot will be included in the 18^th ICAP Ocean Tomo IP Auction on March 20, 2013 at the Rosewood Sand Hill Hotel in Menlo Park, California.

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"We are excited to be offering this mobile traffic technology IP package to our global base of buyers. This navigation solution will aid drivers in getting where they need to go – for business or leisure – and saving time and money by identifying the most efficient route," says Dean Becker, CEO of ICAP Patent Brokerage.

Key Characteristics & Benefits
This portfolio includes a mobile system for reporting and monitoring vehicular traffic. The system uses vehicles as both a traffic status probe and as part of a mesh communications network. A vehicle equipped with this system has a position determining device, a transceiver, and a local display and controller connected to a processor. The transceiver receives, transmits, and repeats local traffic and vehicle information – location, direction, and speed – with other vehicles also having a transceiver. The processor determines local traffic conditions based on the received data. Systems based on this IP would allow real-time warnings regarding traffic irregularities such as accidents and closed roads. This lot is relevant to companies involved with mobile traffic systems, driverless vehicle technology, and collision avoidance systems.

See this technical description of the navigation technology IP sales offering.

To learn more about the assets available for sale in this portfolio:
Contact Tim Schnurr of ICAP Patent Brokerage at (212) 815-6693 or via email at Tim.Schnurr@us.icap.com.

Visit our website to make a patent submission for the auction.

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About ICAP Patent Brokerage
ICAP Patent Brokerage is a division of ICAP plc and the world's largest intellectual property brokerage and patent auction firm.

About ICAP
ICAP is the world's leading interdealer broker and provider of post trade risk and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com.

SOURCE ICAP Patent Brokerage