Intellectual Property
Power Auctions and its affiliate, Efficient Auctions
LLC, have an active program of developing and obtaining intellectual property rights for new auction technology. The firms own and license the following U.S. patents and published International patent applications related to dynamic auctions, and have other patents pending:
- Computer Implemented Methods and Apparatus for Auctions, U.S. Patent Number 5,905,975, issued 18 May 1999.
- Computer Implemented Methods and Apparatus for Auctions, U.S. Patent Number 6,021,398, issued 1 Feb 2000.
- System and Method for an Efficient Dynamic Auction for Multiple Objects, U.S. Patent Number 6,026,383, issued 15 Feb 2000.
- System and Method for an Efficient Dynamic Multi-Unit Auction, U.S. Patent Number 7,062,461, issued 13 June 2006.
- System and Method for an Efficient Dynamic Multi-Unit Auction, U.S. Patent Number 7,165,046, issued 16 Jan 2007.
- Computer Implemented Methods and Apparatus for Auctions, U.S. Patent Number 7,249,027, issued 24 July 2007.
- System and Method for an Auction of Multiple Types of Items, International Application No. PCT/US02/16937 in the US Receiving Office under the Patent Cooperation Treaty; published 5 Dec 2002, International Publication No. WO 02/097582.
The PowerAuction™ software system utilizes some aspects of these patented technologies, and other aspects are currently under development.
