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Tracking System And Method Patent For Sale By Auction
Chicago IL (SPX) May 20, 2008 Ocean Tomo Auctions has announced that it will offer for sale a patent describing an asset tracking system capable of overcoming the limitations of GPS, WiFi and RFID positioning technologies at The Ocean Tomo 2008 European Live IP Auction. US Patent 7,106,189 will be offered by TraceTech, Inc. and inventors Greg Burneske and Fred Schleifer as Lot 19 at The Grand Hotel Krasnapolsky in Amsterdam on 26th June. "The '189 patent provides a method for tracking the location of an asset, such as portable equipment or personnel in a hospital, a campus or a factory," said inventor Greg Burneske. "The system provides a location-sensing tag that can determine its present position without the need to continuously receive signals from GPS satellites, wireless access points, or from any form of radio location beacons." "The system uses on-board inertial sensors that allow the device to determine and report its position, even when the device is out of the range of a localizing transmitter. The advent of low-cost MEMS-based accelerometers and gyroscopes make low-cost asset tracking tags that overcome the limitations of current asset tracking methods," Burneske added. One of the many applications of this invention is tracking medical devices in hospitals. Portable medical devices such as infusion pumps, bedside ECG monitors, and portable ultrasound imaging machines are frequently misplaced. Time and money is wasted while clinicians look for misplaced equipment, inevitably leading to unnecessary capital expenditures. This invention allows for the precise location of each piece of equipment in a hospital to be tracked and stored in a real-time database by pulling information from tracking tags affixed to or built into equipment. "Lot 19 provides a unique acquisition opportunity, with potential licensees ranging from medical and healthcare facilities to tracking software manufacturers," said Ragnar Olson, Director, Ocean Tomo Auctions. "The offered patent allows for efficiency, effectiveness, and precision in asset tracking." With approximately $70+ million in transactions closed to-date, the Ocean Tomo Live IP Auctions are often referred to by leading industry professionals as a "forum of commerce." The auctions, held in Europe and the US, have benefited numerous past sellers including inventors, small to mid-sized companies, top multinational corporations, investors and others. Community Email This Article Comment On This Article Share This Article With Planet Earth
Related Links Ocean Tomo 2008 Live IP Auction GPS Applications, Technology and Suppliers
iSECUREtrac Announces Contract With Kenton County Detention Center
Omaha NB (SPX) May 19, 2008iSECUREtrac has announced that it was awarded a contract for electronic monitoring systems and services by the Kenton County (KY) Detention Center. Operating under the jurisdiction of the Kenton County Jail, the Detention Center supervises both pre-trial defendants and convicted offenders. |
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