PARC Partners With IPVALUE for Commercialization of Intellectual Property

PALO ALTO, Calif., May 5, 2005 — Palo Alto Research Center (PARC), a subsidiary of Xerox Corporation, today announced that it has appointed IPVALUE Management as its partner for the worldwide commercialization of major areas of its intellectual property portfolio.  Under the multi-year agreement, IPVALUE will spearhead technology licensing initiatives for PARC’s world-class technologies.

“PARC’s business model encompasses a balance of strategic research partnerships with industry leaders, government-sponsored research, and licensing of PARC-generated intellectual property,” explained Mark Bernstein, president and center director of PARC.  “This partnership with IPVALUE greatly extends our ability to commercialize the portfolio of intellectual property our research teams generate.”

“IPVALUE’s core value proposition is delivering a return on invention”, said Vincent Pluvinage, president and chief executive officer of IPVALUE.  “Our partnership with PARC adds to our existing marquee partnerships with Xerox and BT, one of Europe’s largest telecommunications companies, and clearly establishes us as the leading independent company focused on IP commercialization.  By combining PARC’s years of revolutionary research with our proven track record in commercializing IP, we can contribute to converting PARC’s technologies into revenue-generating opportunities.”

About PARC

The Palo Alto Research Center (PARC), a subsidiary of Xerox Corporation, conducts pioneering interdisciplinary research in physical, computational, and social sciences. Building on our three-decade tradition of innovation, PARC works with Xerox and other strategic partners to commercialize technologies created by our renowned scientists. As the birthplace of technologies such as laser printing, Ethernet, the graphical user interface, and ubiquitous computing, PARC has an established track record for transforming industries and creating commercial value. For more information, please see: www.parc.com.

About IPVALUE Management

IPVALUE Management is the leading global firm focused on commercializing intellectual assets in partnership with premier global companies renowned for innovation.   Founded in 2001 with funding from General Atlantic LLC and Goldman Sachs, IPVALUE’s mission is to serve its partners by delivering a return on invention.  IPVALUE is currently engaged in multi-year IP commercialization relationships with Europe’s BT Group, Xerox Corporation, and the Palo Alto Research Center (PARC).  Collectively, IPVALUE’s partners own in excess of 18,000 patents worldwide.  For more information, visit www.ipvalue.com.