Bloomberg News

Philips to Trade Patent Licenses on Exchange, Telegraaf Says

December 21, 2011

Dec. 17 (Bloomberg) -- Royal Philips Electronics NV plans to trade licenses on some of the 55,000 patents it holds on the Chicago-based Intellectual Property Exchange, De Telegraaf reported, citing Chief Executive Officer Frans van Houten.

Philips and three other companies provided $10 million in funding to the exchange, founded by Gerard Pannekoek, the Dutch newspaper reported today.

--Editors: Jeffrey Donovan, Keith Campbell

To contact the reporter on this story: Maud van Gaal in Amsterdam at mvangaal@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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