LV Sensors' Patent Portfolio to be Sold in Auction Format

Western Technology Investment contracted The Brenner Group as agent for the sale of its patent portfolio of MEMS company LV Sensors. The patent portfolio will be marketed in an auction format and will commence on June 11, 2012.

The company's technology has been developed using a variety of innovations with design and manufacturing features of energy harvesting technology; micro electro-mechanical systems (MEMS) sensors and components; tire pressure monitoring system design and integration with valves; and semiconductor and sensor packaging and partitioning.

The MEMS manufacturing process flow of LV Sensors contributes to simultaneous development of multiple sensors such as resonators, pressure sensor, vacuum sensors, and 3-axis accelerometer. In addition, gyroscopes, flow sensors, low and high pressure barometers can be produced using the same process. Even a slight alteration can lead to the creation of CO2 sensors, magnetometer, spectrometer, microphones, and acoustic transponders. LV Sensors' technology led to the development of 3-D MEMS/IC chip integration.

The auction, which will start on June 11, 2012, will be led by The Brenner Group. Following positive response both from operating companies and non-operating entities, the auction format will enable easy adoption of the technology.

The technology was acquired by Western Technology Investment in 2009 since LV Sensors defaulted on its venture debt on account of recession; the patents were then handed over to its subsidiary Sensors Licensing. The patent portfolio will be sold due to the growing market opportunity for automotive sensors in the US and abroad and also due to the interest in MEMS sensors for smart phones, gaming devices and related customer devices.

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