Biometric Provider Privaris Partners With
ipCapital Group for the Commercialization
of Intellectual Property - 17th November,
CHARLOTTESVILLE, VA - Privaris, the top provider of multi-function, wireless biometric identity
verification devices, has partnered with ipCapital Group, Inc., a major intellectual property (IP)
strategy consulting and licensing firm. Privaris will utilize ipCapital Group's experience in IP
valuation, strategy and management to expedite the commercialization of key elements of its
comprehensive patent portfolio.
"Our alliance with ipCapital Group will solidify Privaris' licensing business and accelerate the
commercialization of Privaris' inventions. We will be establishing partnerships with preeminent
companies with commanding products and market share to rapidly bring our technology to
market," said Mike Kohonoski, President and CEO of Privaris. "ipCG's reputation and its 10
years of industry experience in successful IP brokering made them the logical choice when
considering such a critical, strategic partner."
ipCapital Group will be supporting Privaris in strategic planning, development, assessment and
implementation of Privaris' IP licensing program. ipCapital Group will also locate licensing
partners that can leverage Privaris' unique personal biometric approach to identity management
and consummate 'transfer of technology' relationships with key industry partners.
By partnering with ipCapital, Privaris extends IP licensing as an integral part of its operations.
Additional investment in research and development will result in new patents being added to
Privaris' already extensive portfolio.
Privaris Inc. focuses its technology expertise on the intersection of high security biometric
applications and an individual's right to personal privacy. Privaris' award-winning products
authenticate the identity of an individual prior to releasing industry standard credentials that
work with existing security systems to grant access to facilities, IT