IP assets of subsea technology specialist brought to market by Metis Partners

IP assets of subsea technology specialist brought to market by Metis Partners

The intellectual property (“IP”) assets of Controlled Variable Buoyancy Systems Limited (“CVBS” or the “Company”), the company behind proprietary subsea technology applicable in the decommissioning market segment within the oil and gas sector, are being offered to the market by Metis Partners, the award-winning, commercial intellectual property consulting firm.

Incorporated in 1997, CVBS was established to develop and commercialise the CVBS Technology, an innovative patent-protected system conceived for the removal and retrieval of heavy subsea structures which is underpinned by the principles of buoyancy. The Company developed its technology as an alternative and cost effective method to recovering platform jacket structures. To date circa £550k has been invested in the development of the Company’s technology. The Company’s Italian-based parent company, A.T.S. S.r.l. is selling the Company’s IP assets to focus on its core business interest.

Designed to reduce the cost of decommissioning and increase the efficiency of mobilising and repositioning heavy subsea objects, the CVBS Technology sits well within the growing market segment of decommissioning within the oil and gas sector.

Nat Baldwin, Head of Brokerage at Metis Partners, said: “This is a unique opportunity to purchase the IP assets relating to proprietary subsea technology applicable in the expanding decommissioning market segment within the oil and gas sector.

“Designed to reduce the cost of decommissioning and increase the efficiency of mobilising and repositioning heavy subsea objects, the Technology sits well within the sector.

“We expect that the sale would be of interest to parties in the subsea, decommissioning, oil and gas, deep water recovery, renewables, engineering, construction and manufacturing sectors.”

The IP assets for sale include granted patents, proprietary software, a design portfolio, goodwill rights and extensive organisational knowledge.

The offering from Metis Partners follows other recent successful patent sales which include W2E Technology, Aquamarine Power, Toximet, Secure Electrans and Reaqua.

All offers should be submitted directly to Metis Partners by noon on Wednesday 22nd February 2017.

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