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Bankruptcy Forces Sale of Satellite-Based Global Communications Technology

 

 

National Commercial Auctioneers and IpAuctions, Inc. are currently entertaining offers for the sale of a valuable patent and trademark portfolio consisting of 21 patents, a patent application and 2 trademarks on behalf of Wendell Webster, Esq., Chapter 11 Trustee in bankruptcy for Ellipso, Inc., Mobile Communications Holdings, Inc., ESBH, Inc., and Virtual Geosatellite, LLC. 

 

Ellipso, Inc. is a privately held communications satellite system design company, now in bankruptcy. Ellipso’s subsidiaries include Mobile Communications Holdings, Inc., ESBH, Inc., and Virtual Geosatellite, LLC. Through these subsidiaries, Ellipso has compiled this portfolio of intellectual property for various communications satellite systems and high performance technology. Utilizing unique and patented elliptical orbits, the systems were intended to provide low cost voice, data, facsimile, paging and geolocational services to subscribers around the world at prices lower than competing systems.

 

On February 25, 2009, Ellipso filed for Chapter 11 in the US Bankruptcy Court in the District of Columbia. The assets in the case are just now becoming available to the marketplace through the court-appointed sale consultants, National Commercial Auctioneers and IpAuctions, Inc.

 

“These are extremely valuable telecommunications assets that every player in that industry need to own,” comments Stephen Karbelk, CAI, CEO & Founder of National Commercial Auctioneers.

 

“When the company was raising money, they had commitments for hundreds of millions of dollars for development,” notes Joe Popolo, President of IpAuctions, Inc. “Now these intellectual property assets are available for purchase through the bankruptcy sale process.”