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At the heart of the Patent Utility is an advanced semantic search engine that identifies the technologies that are relevant to any individual business or entity. The analytical processes behind the semantic search engine will capture text-based information about a company both from publicly available sources and the company itself. This information will typically include product specifications, description of core technologies, identification of key competitors, and research and development priorities. The information is then processed and analyzed against the entire active U.S. patent database, which currently stands at 2.3 million patents and millions of pending applications. The process cross-references the company’s products, components, services, materials, methods and processes with specific patents and claims in the U.S. patent database. The more closely the patent claims relate to a company’s information, the more relevant the patent containing those claims is.

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The content in this post was found at http://www.ipwatchdog.com/2015/01/26/patent-properties-launches-patent-licensing-subscription-service/id=54249/ and was not authored by the moderators of freeforafee.com. Clicking the title link will take you to the source of the post.