Industry News

Ipix assets going on the auction block

Bankrupt virtual tour pioneer's business, patents, name for sale

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The assets of Ipix, the bankrupt company that pioneered the virtual home tours that are a staple of real estate Web sites, will go on the auction block next month. The U.S. Bankruptcy Court for the Eastern District of Virginia has set Monday, Oct. 23, as the deadline for sealed bids on assets including Ipix's 360 Degrees Digital Immersive Video business line, its still photography line, and patents on an experimental high-resolution camera developed through a federal government research project. Other patents including the Omniview Motionless Camera Endoscopy System are also on the auction block. "There are approximately 38 U.S. patents owned by Ipix in addition to other patents registered with the European Union and other nations," said Stephen Karbelk, sales agent for the trustee and the auction process, in a press release. "Ipix's core technology -- as well as seven different trademarks and the Ipix name and logo -- are all available for purchase." Court-appointed trustee Donald F...