TechWeb

Cost-Effective EAS System for Child Safety Monitoring for Sale at ICAP Patent Brokerage Intellectual Property Auction

Nov 14, 2012 (05:11 AM EST)
URL: http://www.techweb.com/show-press-release/X933443/cost-effective-eas-system-for-child-safety-monitoring-for-sale-at-icap-patent-brokerage-intellectual-property-auction.html

SAN FRANCISCO, Nov. 14, 2012 /PRNewswire/ -- ICAP Patent Brokerage announces for auction an electronic article surveillance (EAS) system for child movement monitoring from inventors Hector Irizarry and Philip M. Anderson, III. This lot will be included in the 17th ICAP Ocean Tomo IP Auction on November 29, 2012, at The Ritz Carlton in San Francisco, California.   

(Logo: http://photos.prnewswire.com/prnh/20100614/CG20517LOGO)

"We are excited to be offering this innovative EAS system to our global base of buyers. The portfolio provides an improved and cost-effective solution over conventional monitoring and child protection methods, and this IP could be an exclusive differentiator for companies active in retail security and EAS systems and RFID technology development," says Dean Becker, CEO of ICAP Patent Brokerage.

Key Characteristics & Benefits
The assets for sale offer a cost-effective solution to the traditionally expensive implementation process used to enhance existing EAS systems with child monitoring systems. Conventional EAS systems are used for protecting sales products in retail stores by attaching EAS markers to these products. These markers generate an electromagnetic field at the store's exit by using EAS transmitters. When enhancing such systems for child monitoring, conventional systems either monitor children within a defined area or within a framework of an individual system – via a child wearing a tag and the parent carrying a control unit. Such systems generate an audio alarm when the child leaves the defined area. However, implementation of this child monitoring system within an environment having an EAS system, such as a retail store or a hospital, is a costly solution.

The portfolio includes an improved, cost-effective technique for monitoring the departure of a person from an EAS system-installed area. In one embodiment, the assets describe a passive magneto mechanical tag that is attached to a child and used to generate an electromagnetic field whenever the child tries to depart from the exit. This magneto mechanical tag is constructed by using two EAS markers, improving the detection capability of the system. Further, this tag can also generate an alarm or alert when the child departs through the exit. In another embodiment, an active tag will itself alarm as well as trigger the EAS system alarm as the tag passes through the protected exit. Therefore, a child monitoring functionality in the pre-existing EAS system is achieved that is more cost-effective, efficient, and reliable. Also, this system can be implemented in hospitals, daycare facilities, and nursing homes for patient monitoring resulting in improved patient safety.

See the technical description of this EAS system for child monitoring 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.

Register for the upcoming event or submit IP for consideration for the ICAP Patent Brokerage auction.

Follow us on Twitter (@ICAP_Auction_IP) and join our LinkedIn group.

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