Lossless Data Compression Patent to Be Auctioned by Icap Ocean Tomo

ICAP Ocean Tomo LLC, intellectual property brokerage division of ICAP plc and patent auction firm, will auction off a lot of data compression technology from at the upcoming Fall 2010 Live Auction in Napa, California on November 11th. The lot includes US issued patent 7,733,249 which describes methods for lossless compression and decompression of digital data.

The methods described by the patent improve the speed of data transmission between computers, devices, and any other networked component via the repetitive compression and decompression of a data file. Conventional compression techniques allow only one compression cycle per data file. The ‘249 patent allows for a repetitive compression process that greatly reduces the file size, thereby enhancing the storage capacity of data servers and significantly improving the speed of data transmission. In addition, because the patent enables significant flexibility as well as the opportunity for multiple levels of compression, the aforementioned compression technique can also serve as an encryption process.

Improvements in data compression will have a significant impact on numerous large markets, including the mobile multimedia market which is expected to reach $13.1 billion in 2013. Dean Becker, ICAP Ocean Tomo CEO stated: "Due to the considerable market potential of this technology, web service providers and entities involved in broadcasting, data storage, and telecommunications should consider this lot a valuable asset."