CHICAGO, Oct. 19 — (PRNewswire) — ICAP Ocean Tomo, the intellectual property brokerage division of ICAP plc (IAP.L) and the world's premier patent auction firm, will offer a patent portfolio relating to GPS spatial mapping technology from Landnet Corporation at its upcoming Fall Auction on November 11th in Napa, California.  Comprised of four US issued patents and twelve pending applications, the technology of this lot has been cited by major corporations such as Autodesk, CoreLogic, Microsoft, Canon, and Sony.

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This technology is positioned at the center of current and future Internet-based real estate mapping applications.  With 214 claims, this lot describes methods of using GPS and Internet mapping tools to locate, identify, measure, view, and communicate information about real estate over the Internet. The patent portfolio describes a system for locating and delineating real estate including: drawing by mouse click, latitude/longitude, GPS or bearing and distance, on a variety of geographically referenced digital maps, aerials or satellite imagery.  The technology provides real-time map, geographic and political information to the user as they draw on the map or by cursor location. The resulting map boundary and derived information can be instantly communicated by viewing, printing, downloading, e-mailing, or creating a site specific website with a unique URL.  

The global geospatial market is expected to reach $70 billion by 2013.(1) Per Dean Becker, CEO ICAP Ocean Tomo, "This lot should be of interest to Internet search engines, GIS/GPS companies, planning or geospatial data creation, management and distribution, or private institutions involved in the $13.7 trillion real estate and real estate title/document management industry."(2)

To view this lot within the Fall Auction Catalog visit http://icapoceantomo.com/item-for-sale/personalized-websites-land-related-data.

To view the complete Fall Auction Catalog online, visit http://icapoceantomo.com/auction/fall/catalog.  

1.  http://www.reporthinker.com/p0116472/World-GPS-Market-Forecast-to.html

2.  https://www.rreef.com/cps/rde/xbcr/ai_en/RREEF_The_Future_Size_of_The_Global_Real_Estate_Market_%282007%29.pdf

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SOURCE ICAP Ocean Tomo