WheelTug PLC Pitch Deck | Investor Insights | April 2024
Patent Invalidation Search Report
1. Business, Law & Technology
BLT
SEARCH ENGINE FOR
PATENT INVALIDATION USING
BIG DATA
patent KO.com
BLT Systems, Inc.
Jeonghan Eom, patent attorney (CEO)
shawn@blte.kr
BLT Business, Law & Technology
Jeonghan Eom
2. BLTs
PATENT KILLS INNOVATION
•
Over 3,000 NPEs(patent troll) exist around the world, persistently suing Korean companies.
•
Multinational companies are much aware of Korean companies than ever;
patent litigation increased three times as 2011.
Only
<Patent Invalidation
Search Report>
Can stop the WAR
BLT Business, Law & Technology
www.BLTs.kr
3. BLTs
•
BUSINESS IDEA / ITEM CONCEPT
Users can get DRAFT of Patent Invalidity Report through patentKO.com
– In JUST 10 minutes, $50 ( 200 times faster, only cost 1/20 )
– With more Accuracy (using BigData machine learning)
Website
PRIORITY
Just Input
Patent Number
1) PATENT
MapReduce Application
2) PAPER
Patent Search
Keyword
Matrix
3) NEWS Result
Hierarchical IndexStep 1. Data Collecting
???
Based MapReduce
Merge
Editable Invalidity Report
2
5
3
Step 2. Data Matching
1
5
2
6
3
7
4
Matching rate
BLT Business, Law & Technology
www.BLTs.kr
4. BLTs
• BMG
UNMET NEEDS
(Unmet Needs)
.
• Traditional ‘Patent Invalidation Search’ service sucks!
,
Too Expensive ( $1,000 per 1 claim )
Take too much time (almost 4 weeks per 1 invalidation search)
Can’t BUST plaintiff's patent, but TOP 10 expensive US Law firms can.
Can’t Make ‘KEYWORD’
Have ‘No Database’
Have ‘No Time’
Can Bust??
‘Not Sure’
• CLIENTS have to pay Big Fees even the ‘Patent Invalidation Search Report’ is not sure to Bust!
BLT Business, Law & Technology
www.BLTs.kr
5. BLTs
SOLUTION SCHEME
•
Data Collecting
Performing data collecting
•
Calculating matching rate between collected data (with seven reference) and claims
=
based on keyword matrix (Patent, Paper, News Bigdata)
Data Matching
PRIORITY
Keyword
Matrix
1) PATENT
MapReduce Application
2) PAPER
Patent Search
Searching
3) NEWS Result
Hierarchical IndexStep 1. Data Collecting
???
Based MapReduce
Merge
patent
paper news
New patent each week
Patent
Invalidity
Report
2
5
3
Step 2. Data Matching
1
2
5
6
3
4
7
Matching rate
BLT Business, Law & Technology
www.BLTs.kr
6. BLTs
SOLUTION LOGIC
Service website
Invalidation patent no.
Website
Hadoop
application
for patent
search
HIM
Patent Search
Client Node
MapReduce Application
Patent Search
Result Merge
Searching
Hierarchical IndexBased MapReduce
Validated Patent
Recommender
Patent Invalidity Report
Reporting
Distributed
POS trigger
Sementic Search
Valuable Term
Analyzer
Index
Generator
Patents Data
Paper, News
Data Crawler
Invalidation report
printing
patent data
stratification
Data
Uploader
patent
paper
news
New patent each week`
BLT Business, Law & Technology
www.BLTs.kr
7. BLTs
COMPETITION
•
There’s some <Prior Art Searching Services>
•
Google, LexisNexis, Thompson are Big Players...BUT
Google
Simple Search with patent
number for similar arts, prior
arts
Analyzing relations between
patent using quotations and
technological classification
Patent
WisDomain
“Patent Magnet”
PatentRank
BLT Business, Law & Technology
Prior art auto search for
targeted patent
Use for free
Low Accuracy; Unable to
compare each claim to its
corresponding prior arts
confidence is questionable
since it provides
"postmortem" analysis of
past lawsuits with
registered patents
www.BLTs.kr
7
8. BLTs
DIFFERENTIATION
Value 2
Collect & Match BUST data using BigData
Value 1
Make Keyword Matrix with Elements & Limitations
Value 3
Provide Editable Invalidity Report to User
BLT Business, Law & Technology
www.BLTs.kr
9. BLTs
TEAM - BLT SYSTEMS
We are the best team to make & spread patentKO.com to end the IP-WAR
•
[Jeonghan Eom CEO, Shawn Eom]
Chemical and Biological Engineering, SNU
Microsoft Certified Professional
PicoSoft, Inc., Character Korea, Inc.
Ten year experience in IT planning
4 year Programming experience
Admitted to Korean Patent Attorney
Bar; practiced 7 years in his expertise
• Performed KIPO IP-R&D consulting
(2009, 2012, 2013)
• Performed Planning, Sales and Marketing for the IPEMS, a
solution for IP management
• Supplied the TRMS (trademark management
software(2013) to Hyundai Mobis
•
•
•
•
•
•
[Kim Seongjin CMO, Alan Kim]
Department of Geography, SNU
English Expert (Native Level)
Intellectual Property Analyst (2013)
Performed KIPO IP-R&D consulting
(2013)
• Overseas marketing, Letter
•
•
•
•
BLT Business, Law & Technology
[Hyuntae Park CTO, Sean Park]
• Cornell University (Master of Engineering)
- Computer Science (2008-2009)
• University of California, San Diego
- Bachelor of Science (BS)
- Major in Computer Science
- Minor in Mathematics
• Software Engineer at LG Electronics
• UC San Diego (Tutor)
• Data Mining Contest: 1st Place
( 2007, Fair Isaac and UCSD)
• LG Smart TV App Contest: 1st Place
( 2012, LG Electronics)
[Chulhyun Yoo CFO, Mark Ryu]
Material Science and Engineering, SNU
Microsoft Certified Professional
Nauri, Inc.
5 year Programming experience
Admitted to Korean Patent Attorney
Bar; practiced 6 years in his expertise
• Researched national R&D trend (2009- )
• Took full charge of Samsung SDS patent application
•
•
•
•
•
www.BLTs.kr
10. BLTs
TEAM - BACKGROUND
•
Technical support from Prof. Min's DMS lab at IT Graduate school of Konkuk University
•
DMS lab is in collaboration with Vanderbilt Univ. and UC San Diego
•
Data Mining, Big Data Processing, Distribution, Cloud Computing R&D
•
15 Lab members / Post-doc 2, Ph.D. Course 5, Master Course 8
•
No personnel expenses (recently agreed on government funded (SMBA) R&D project)
BLT Business, Law & Technology
www.BLTs.kr
11. BLTs
•
•
REVENUE MODEL
We provide worldwide service based on English language.
Specifically, We target four categories of demand groups below.
Patent law firm (Korean
patent attorney)
Domestic firm user
- Manufacturing companies,
technology companies
- Companies running patent team :
about 1,000
-` Export companies : about 50,000
Overseas firm user
- foreign companies : millions
•
•
•
•
-
7,000 Korean patent attorneys
1,000 patent law firms
100 info searching companies
20,000 lawyers
Overseas patent law firm
(foreign patent attorney)
- 47,000 patent firms
- 500,000 patent experts
for free up to 3 times (entering numbers
a draft report will be provided)
50,000 won for each claim after the trial period (existing patent
invalidation reports charge 1,000,000 for each claim)
500,000 won per month, per each account
For access on a year basis: 5,000,000 won for each account
BLT Business, Law & Technology
www.BLTs.kr
12. BLTs
REVENUE MODEL
Targeted market size
source :
(KIPO, Nov 2008)
• Estimated sizes of Patent information search market are $636 mil (Japan), $118 mil
(Korea), $1.36 bil (US), $910 mil (Europe), $182 mil (China), $3.21 bil (total).
• In 2015, due to the sharp increase of international patent disputes, Patent
information search market will reach $4.55 bil.
BLT Business, Law & Technology
www.BLTs.kr
13. BLTs
MILESTONE
No.
Details
1
Search for and analysis of the
existing arts
2
Designing patent invalidation
algorithm
3
Demo system of patent invalidation
4
Developing a MapReduce framework
based on hierarchy index
5
Developing data acquisition such as
patents, papers and news
6
Developing a dispersion POS trigger
7
Developing a valid word analyzer
8
Developing a similarity ranking
algorithm to patent claims
9
Marketing activity
(papers, patent application,
promotion)
10
Meetings with Google, LexisNexis,
Thompson
11
Year 2014
Kicking off patentKO.com
BLT Business, Law & Technology
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
www.BLTs.kr
14. BLTs
FINANCIAL PROJECTION
Short-term
revenue
Short-term
Expenditure
•
•
$200,000 revenue in the second half year is expected since July 2014.
By overseas marketing, we will make more than $2.7 mil revenue yearly.
•
Minimizing the initial risk by using an R&D project of the Small and Medium
Business Administration
BLT Business, Law & Technology
www.BLTs.kr
15. Business, Law & Technology
BLT
WE CAN END
THE IP WAR
BLT systems Inc.
Shawn@blte.kr
+82-70-4100-0102
+82-10-2393-5709
BLT Business, Law & Technology
Jeonghan Eom
17. Business, Law & Technology
BLT
APPENDIX
BLT Business, Law & Technology
Jeonghan Eom
18. BLTs
APPENDIX – HADOOP, MAPREDUCE 1
• The framework that Konkuk Univ. DMS Lab and the CTO of BLTs co-develop
is presented below.
Service website
Invalidating patent no.
Hadoop
application for
patent search
1) Input Patent number to nullify
patent
2) Input the keyword
3) Select the claim(s) to nullify
BLT Business, Law & Technology
www.BLTs.kr
19. BLTs
Appendix – Hadoop, MapReduce 2
• The framework that Konkuk Univ. DMS Lab and the CTO of BLTs co-develop
is presented below.
Hadoop
application for
patent search
Gathering the search result
Printing the invalidation
report in the .doc format
patent
paper
news
New patents each week
BLT Business, Law & Technology
applying
www.BLTs.kr
20. BLTs
Appendix – Hadoop, MapReduce 3
• The framework that Konkuk Univ. DMS Lab and the CTO of BLTs co-develop
is presented below.
Executing MapReduce tasks to
table data containing valid
words with block IDs of data
nodes where those words are
saved
Composing data as a form of B+
tree with stratified data blocks
so as to reduce time consumption
for search
BLT Business, Law & Technology
www.BLTs.kr
21. BLTs
Appendix – CEO additional project 1
• An Example of Spider Map for Auto-analysis of NFC Essential Patent
(nfc.ipems.com)
BLT Business, Law & Technology
www.BLTs.kr
22. BLTs
•
Appendix – CEO additional project 2
Web-based Management Software for Patents, Trademarks (Hyundai Corp)
BLT Business, Law & Technology
www.BLTs.kr