SAN DIEGO, CA — Heritage Global Patents & Trademarks has been appointed to auction the intellectual property of Frameri Inc.
The intellectual property portfolio to be sold consists of granted patents, patent applications and trademarks and will be sold as one auction lot to the highest bidder.
Frameri gained attention when it was featured in a 2015 episode of ABC’s “Shark Tank.” “Shark Tank” allows entrepreneurs of young, growing companies to make a presentation to a panel of astute investors known as “Sharks” to entice the Sharks to make an investment in their company. “Shark” Kevin O’Learymade an offer to Frameri’s founders on the show, but they declined it.
Ross Dove, CEO of Heritage Global, said, “This is a perfect example of an excellent technology living on after a corporate shutdown by being purchased by an entity capable of realizing the full potential of this technology. Given the enormous size of the eyeglass market, this could be an industry game-changer for the company with the vision to see the magnitude of this opportunity.”
Doug Berman, director of Heritage Global Patents & Trademarks, added, “This is an exceptional opportunity for entrepreneurs to either add to their existing eyewear patents or for a newcomer to jump-start their entry into that space.
It was reported in January 2018 that Frameri was shutting down.
Frameri, which was founded in 2012, is known for making glasses that allow the wearer to pop the lenses out and insert them into other frames.
In June 2017 it was reported that 28 eyecare retailers in 15 states were selling Frameri’s products. The company was, at the time, also in talks to open showrooms in other cities to complement the one it had in the Over-the-Rhine neighborhood of Cincinnati.
Click here to see a demonstration of Frameri’s frame and lens system.