LOS ANGELES, CA - Marathon Patent Group Inc., an IP licensing and management company, formally announced in a press release its strategic relationship with Hermes Patents to share information, provide services and pursue mutual strategic and financial objectives. Hermes Patents founders, Pascal Asselot, formerly the head of development and licensing at French sovereign patent fund France Brevets and Erich Spangenberg, Marathon's Director of Acquisitions, Licensing and Strategy, are uniquely positioned to understand and pursue new global market opportunities.
Doug Croxall, CEO of Marathon, stated, "Hermes Patents is both an excellent strategic partner and logical extension for Marathon, helping us evolve beyond the licensing of patents and intellectual property to capture more components of the global intellectual property management value chain. This relationship has been in development for a considerable period of time, requiring nominal investment by Marathon. While still at an early stage, we believe it represents a potential significant future opportunity. We look forward to working with Hermes Patents towards collective value creation."