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Technologies Disruptive to the Telemedical Information Management Industry to Be Offered at the Ocean Tomo Live Intellectual Property Auction on October 30th in Chicago

October 21, 2008

Ocean Tomo Auctions – the auctions arm of Ocean Tomo, LLC, the leading Intellectual Capital Merchant Banc(R) firm – today announced it will place several highly innovative Telemedical Information Management Systems patents on the auction block at its upcoming Live IP Auction at the Chicago Cultural Center on October 30th. Technologies being offered include a smartcard based electronic medical records system, a method for facilitating the choice of medical treatment and for predicting the outcome of a treatment, and a workflow-enabled application framework to improve efficiency and standardize processes within a complex and information-rich environment, such as the health information management field.

“Many of the patents being offered in the Telemedical Information Management System category relate to proprietary technologies that can fundamentally change medical information management practices industry-wide. For example, a few of the patents are directed to greatly improving the effectiveness and efficiency of maintaining medical systems – an area that is becoming increasingly more complex,” said Andrew T. Ramer, President of Ocean Tomo Auctions. “These patents are highly innovative and unique in the industry and present valuable acquisition opportunities for any company providing medical services, including medical imaging companies, medical hardware manufacturers and pharmaceutical companies.”

Specifically, Lot 42 relates to a method for securely storing and retrieving information through an implantable device capable of recording and reading an individual’s identifying, descriptive, and medical data. The chip, which is carried within the owner, can hold information such as medical records and personal identification. Lot 44 relates to a wireless patient care and medication dispensing system that includes a wireless patient communicator, a wireless dispensing apparatus and a central monitoring system. The wireless communicator, which allows the patient to communicate with his or her healthcare facilities, doctors, and pharmacies, can alert the patient at the appropriate time to take medication and will automatically dispense the proper medication.

Forward citing companies in the Telemedical Information Management System category include Innotek, Inc., Medtronic Inc., Nokia Siemens Networks Oy, Phase IV Engineering, Inc., The Procter & Gamble Company, GlaxoSmithKline plc, Goetech LLC, Harrah’s Entertainment, Inc. and Sony Corporation.

For a full listing of all Lots included in the Telemedical Information Management Systems category, visit http://www.oceantomoauctions.com/OTA_Catalogue.asp?eventid=102008&sect ion=16. (Due to its length, this URL may need to be copied/pasted into your Internet browser’s address field. Remove the extra space if one exists.)

For more information on any of the Lots or to register to bid or attend the event, please contact us at 312.377.4851 or auctions@oceantomo.com or visit www.OceanTomoAuctions.com.

About Ocean Tomo Auctions:

Ocean Tomo Auctions (www.OceanTomoAuctions.com) – the auctions arm of Ocean Tomo, LLC, the leading Intellectual Capital Merchant Banc(R) firm – has received global recognition as the premier forum for the live auctioning of intellectual property assets. The firm holds multiple live auctions annually in Europe, Asia and the United States, benefiting sellers such as C-level executives, Fortune 500(R) IP and business professionals, individual inventors, SMEs and investors. Hundreds of key decision makers in the intellectual property, technology and financial communities attend and participate in the two-day auction events. Ocean Tomo Auctions has been featured on CNBC, Bloomberg TV, The Wall Street Journal, Barron’s, Red Herring, BusinessWeek, Reuters and many other media outlets.




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