CHICAGO--(BUSINESS WIRE)--ICAP Ocean Tomo – a division of ICAP (IAP.L), the world’s premier interdealer broker – today announced it will offer for sale a significant portfolio of intellectual property assets held by Delphi Technologies, a leading global supplier of mobile electronics, on July 23^rd in Chicago at The ICAP Ocean Tomo Summer IP Markets 2009 Auction & Conference with essential information regarding all lots available immediately online at http://catalog.oceantomoauctions.com.

The Delphi assets up for auction on July 23^rd pertain to GPS-based navigation systems for providing position information to mobile users. Conventional navigation systems suffer from multiple problems including difficulty adapting to changes in travel routes and roadway restrictions, cost, and portability. The destination information, once loaded, is also difficult to modify enroute. Moreover, these systems suffer from security issues as they have no authorization control for destination information.

The portfolio included in the auction provides for a low cost and easily modifiable GPS-based navigation system integrated with an audio entertainment system, in one mobile device, in which the destination information is stored in a programmable memory and is easily user-modifiable. Furthermore, claims in this lot cover the implementation and use of in-car navigation systems offered on most new cars sold today.

The portfolio also provides for user authentication which prevents unauthorized data copying and subsequent commercial exploitation.

“Assets in this lot will be of interest to any business entity engaged in manufacturing or selling navigation systems or devices that use a navigation system including PDAs, mobile phones, or other similar devices” said Dean Becker of ICAP Ocean Tomo, “and should be extremely valuable for companies looking to improve their mobile navigation patent portfolios today.”

The technology being sold has been cited as prior art in patents by numerous firms including Microsoft Corporation (NASDAQ:MSFT), Volkswagen AG (XETRA:VOW), Sony Corporation (NYSE:SNE), and Garmin Ltd. (NASDAQ:GRMN)

To request further information about this Lot or to submit IP for consideration by ICAP Ocean Tomo, contact 312.377.4851 or auctions@oceantomo.com.

About Live IP Auctions by ICAP Ocean Tomo

ICAP Ocean Tomo has received global recognition as the pioneer and leader in the live auctioning of intellectual property assets. Over the past three years since inception, nine Live IP Auctions across the US and Europe which have transacted millions, benefiting sellers such as sold inventors, small and mid-size companies, large corporations, investors, and others. Hundreds of key decision makers in the IP and financial communities attend and participate in auction events, including C-level executives, IP and business professionals, investors, inventors and media professionals. The auctions have been featured on CNBC, Bloomberg TV, The Wall Street Journal, Barron’s, Red Herring, BusinessWeek, Reuters and more.

About ICAP Ocean Tomo

ICAP Ocean Tomo leverages the talents of experienced intellectual property monetization professionals to match buyers and sellers for the sale of patents and other intellectual property assets in private sale transactions, multi-lot live IP auctions and through Patent/Bid-Ask, the first and only brokerage and online marketplace for Intellectual Property.

ICAP Ocean Tomo offers broad-ranging expertise and unparalleled credibility not currently available in the emerging patent marketplace, continuing ICAP’s standard for excellence and innovation. Combining its brokering expertise and world-class customer service, ICAP Ocean Tomo brings stability and liquidity to the patent monetization marketplace and is currently the intellectual property brokerage of choice for IP assets in both the primary and secondary markets.

Our veteran brokers have expertise in IP revenue generation, technology deployment and law. The team uses their vast knowledge of marketplaces across many sectors throughout the United States, Asia and Europe to deliver highly-valued transactions for client benefit.

On June 16, 2009, ICAP and Ocean Tomo, LLC announced that ICAP had purchased the transactions division of Ocean Tomo. The new name for the division is ICAP Ocean Tomo.

About The ICAP Ocean Tomo Summer IP Markets 2009 Auction & Conference

The ICAP Ocean Tomo Summer IP Markets 2009 Auction & Conference will be held in Chicago on July 22nd -23rd at The Drake Hotel. To register for the CLE approved conference program visit www.IPMarkets2009.com.

About ICAP

ICAP is the world’s premier interdealer broker and provider of post trade services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, equities and equity derivatives through voice and electronic networks. ICAP has an average daily transaction volume in excess of $2.3 trillion, more than 40% of which is electronic. ICAP is also the source of global market information and research for professionals in the international financial markets. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com.