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Thursday, April 27. 2006

Xybernaut to Auction Patents

Per a press release Xybernaut (remember them? They used to wander around the ESRI User Conference with wearable computers) will be auctioning off its patents to try to raise enough cash to get out of Chapter 11 bankruptcy.

The patents in question are referred to as the Waypoint patents and are about targeted adverising, not wearable computers.

The "Waypoint" patent group sets forth technology and business processes to provide wireless direct mail by sending information to targeted mobile users at specific locations.

The press release seems to suggest that Google or a similar advertising business might want them.

Posted by Adena Schutzberg at 09:56 | Comments (0) | Trackbacks (0)

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