ODG smart glasses

Patent Portfolio Acquisition Opportunity

Mixed Reality Smart Glasses Technology

Hilco Streambank is seeking offers to acquire certain assets (collectively, the “Assets”) of Osterhout Group, Inc. (ODG). The Assets include an extensive patent portfolio covering mixed reality (augmented reality/virtual reality (“AR/VR”)) smart glasses technology, as well as other associated intangible and physical assets.

A sale of the Assets will be conducted pursuant to Article 9 of the Uniform Commercial Code on January 15, 2019 at 10:00 a.m. Eastern Time, by Hilco Streambank on behalf of JGB Collateral, LLC (“JGB”), as collateral agent for the secured lender.

ODG Smart Glasses

ODG Logo

OFFERS ARE DUE

Monday, January 14, 2019 at 9:30 a.m. Eastern Time

PUBLIC SALE

Tuesday, January 15, 2019 at 10:00 a.m. Eastern Time

Extensive Patent Portfolio

The patent portfolio represents one of the world’s largest smart glasses patent portfolios, providing the foundation for head-worn computing and electro-optics technology that serves a variety of purposes among industrial, enterprise and business mobility professionals.

Assets for Sale

  • Patent portfolio of 107 issued patents, 16 notices of allowance, 83 pending applications and 71 applications which have been abandoned but may be refiled
    Regions Covered:
    US, Europe, China, WIPO, OHIM

  • Related branded trademarks

  • Tangible collateral supporting the business

Patent Technology Highlights

The patent portfolio protects a wide range of features and uses, including HD see-through optics, eye-imaging, user interfaces, thermal management, technology integration, operating system functions and high value uses, among other areas.

ODG glasses

Glasses Form Factor

A set of patents protects the basics of a glasses form factor with an integrated computer and batteries. The patents protect a design featuring a processor and sensor compartment that is passively cooled for greater heat mitigation, along with the batteries strategically located in the temples for optimal weight distribution.

ODG content lighting

Real Time Content Lighting

The portfolio protects technology that addresses real time content lighting and shadowing issues. Seamless integration AR and VR technologies is achieved by adapting to the user’s environment.

ODG Eye Positioning

Eye-Postion Tracking

Eye-position tracking is supported by a dozen patents in the portfolio, allowing for greater control over the operating system software and installed applications based on eye position and movement. It can also provide valuable data points to third-party groups.

ODG AR and VR

Switch Between AR and VR

Several patents support a versatile product that can quickly change configuration to switch between AR and VR applications. The ability to quickly change the outer lenses and shroud gives users the ability to adjust the amount of emersion to adapt to their immediate needs.

A Suite of Patents Designed to Support Cutting Edge AR/VR Technology

ODG Patent Category Diagram

View Diagram Details

Certain Terms and Conditions

JGB makes no representations or warranties regarding the Assets. The Assets will be sold “AS IS, WHERE IS,” “WITH ALL FAULTS,” and “WITHOUT ANY WARRANTIES WHATSOEVER, EXPRESSED OR IMPLIED, INCLUDING, WITHOUT LIMITATION, A WARRANTY OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR OR OTHER PURPOSE,” and subject to taxes, special assessments and liens that have been levied or assessed, and/or are unpaid or unsatisfied (none of which will be paid by JGB). The Assets are being sold without recourse to JGB, its attorneys or representatives. JGB does not claim title to the Assets being sold and disclaims any warranty of title, possession, quiet enjoyment and the like in the sale. All of the Assets will be sold at the sale, and may be sold in lots or as part of a complete package. JGB has a first priority security interest in the Assets. JGB may bid for the Assets and credit bid using all or a portion of its secured claim, which totals approximately $7.6 million as of December 4, 2018. The Assets will be sold for cash at such price or prices and on such other commercially reasonable terms as JGB may determine in its sole discretion. In submitting a bid, each interested party will be required to acknowledge, among other things, that its bid is non-contingent.

Interested Parties

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