Heritage Global Patents and Trademarks to Manage Auction of Integrated Drilling Equipment Holdings’ Oil and Gas Rig Fabrication Patents

SAN DIEGO–(BUSINESS WIRE)–Heritage
Global Patents and Trademarks
(“HGPT”), a global leader in brokerage
and advisory services for intangible assets and a division of Heritage
Global Partners, Inc. (“HGP”), today announced that it will manage a
sealed bid auction for Integrated Drilling Equipment Holdings Corp’s
(“IDE” or “the Company”) stationary and portable rig apparatus and
assembly method patents. IDE was a leader in the engineering,
manufacturing and fabrication of oil and gas rigs. In 2015, it exited
the rig construction business
to refocus on the Company’s core
competencies as one of the energy industry’s most respected innovators
and providers of power and control solutions.

Heritage Global is immediately accepting offers for IDE’s three valuable
oil and gas rig patents. All bids must be submitted in writing to HGPT
by July 28, 2017. Please contact Doug
Berman
of HGPT with questions or for more information.

Integrated Drilling Equipment Holdings – Intellectual Property
Sealed-Bid Asset Auction

Bid Submission Deadline – July 28,
2017 (All Bids Subject to Approval by Receiver)

             
Patent No.:     (1) US 9,133,643 B2

(2) US 8,555,564 B2

    Drilling Rig Assembly Method and Apparatus
    (3) US 8,959,874 B2     Portable Drilling Rig Assembly Method and Apparatus
   

“The IDE auction is a rare opportunity for energy companies to acquire
three exceptional patents from a former leader in oil and gas rig
fabrication,” stated Ross
Dove
, CEO of Heritage
Global Inc.
(OTCQB: HGBL, CSE: HGP). “The deregulation of the U.S.
energy industry could facilitate another domestic oil and gas boom,
potentially making IDE’s rig apparatus and assembly method patents
immensely valuable to the holder. We are already receiving strong
interest from worldwide buyers and expect participation levels will
continue to grow as we approach the bid submission deadline.”

“As crude oil and gas prices have fluctuated over time, we have seen
energy companies large and small adopt intellectual property acquisition
strategies to strengthen their long-term competitive position,” stated
Doug Berman, Director of HGPT.
“IDE’s unique patents for stationary and portable drilling rig
fabrication would be a tremendously valuable addition to any energy
company’s defensive patent portfolio.”

Contacts

Heritage Global Patents and Trademarks
Doug Berman, 707-245-4417
Director
[email protected]
or
JCIR
Jennifer
Neuman or Norberto Aja
212-835-8500
[email protected]