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CHICAGO, Nov 05, 2009 (BUSINESS WIRE) -- Ocean Tomo, LLC, the Chicago based Intellectual Capital Merchant Banc(R) firm and provider of diversified intellectual property-related services, announced the annual reconstitution of the Ocean Tomo 300(R) Patent Index, (NYSE Euronext: OTPAT).
The Ocean Tomo 300(R) Patent Index (OTPAT) is the industry's first index based on the value of intellectual property, representing a diversified portfolio of 300 companies that own the most valuable patents relative to total corporate book value. New company constituents contributing to the performance of the Index include: AT&T, weighting 3.14% (NYSE: T); BP, weighting 3.69% (NYSE: BP); Chevron, weighting 3.18% (NYSE: CVX); Canon, weighting 1.04% (NYSE: CAJ). These new constituents join the top contributing companies continuing from last year including: Microsoft (5.10% weighting); Royal Dutch Shell, PLC (3.82% weighting) and Apple (3.51% weighting) in driving the performance of the Index.
Index Composition Potential constituents include all equities trading on major U.S. exchanges that are among the 1000 most liquid securities. This group is then narrowed to a universe of companies that own patents and divided into 50 style and size groups, ranked by their Innovation Ratio, a 100% rules-based methodology that identifies those securities with the greatest patent value relative to book value. The six highest ranking securities in each of the 50 groups are selected and weighted by market capitalization.
Innovation Ratio The Ocean Tomo PatentRatings(R) system calculates a company's Innovation Ratio, the value of their patent portfolio divided by total corporate book value. The Ocean Tomo PatentRatings(R) system is the most advanced web-based patent data, ratings and analysis platform designed for objectively assessing patent quality, relative value, relevant patents and technologies, competition, and competitive trends. Built upon patented methodologies, (US Patent No. 6,556,992) the system shows interrelationships among all U.S. patents with a numerical relevance score. No other analysis and research tool combines patent quality metrics with other competitive portfolio assessment on a single accessible platform.
Performance From its inception in January 2007 through October 31, 2009, the Ocean Tomo 300(R) Patent Index has outperformed the S&P(R) 500 by 10.02%. This performance confirms the not only the relevance of the OT300 as the natural benchmark for the U.S. economy, but also speaks to the importance of objectively valuing patents owned by publicly traded companies to provide a more accurate picture of corporate health.
Seeking IP Alpha The Ocean Tomo 300(R) Patent Index underlies the Claymore/Ocean Tomo Patent ETF (NYSE Arca: OTP). OTP is ranked #1 out of all 392 ETFs since inception in terms of information ratio and has outperformed SPY in 22 of out 22 rolling one-year periods.
About Ocean Tomo, LLC Established in 2003, Ocean Tomo, LLC (www.OceanTomo.com) is the leading Intellectual Capital Merchant Banc(R) firm. The company provides financial products and services related to Intellectual Property financial expert testimony, valuations, investments, risk management and transactions.
Headquartered in Chicago, Ocean Tomo has offices in Greenwich, Orange County Palm Beach and San Francisco. Subsidiaries of Ocean Tomo include: Ocean Tomo Risk Management, LLC; OTI Data Networks, LLC (www.OTI.com) ; Patent Marking LLC; (www.PatentMarking.com); Ocean Tomo Asset Management, LLC; and Ocean Tomo Capital, LLC -- publisher of the Ocean Tomo 300(R) Patent Index (NYSE Euronext: OTPAT), the Ocean Tomo 300(R) Patent Growth Index (NYSE Euronext: OTPATG) and the Ocean Tomo 300(R) Patent Value Index. Ocean Tomo is the founder and majority owner of the Intellectual Property Exchange International (www.IPXI.com) as well as the exclusive licensee and distributor of PatentRatings(R) software solutions.
SOURCE: Ocean Tomo, LLC CONTACT: Ocean Tomo, LLC Media Contact: Kristi Stathis 773-294-4360 kstathis@oceantomo.com Copyright Business Wire 2009 -0- KEYWORD: United States
North America
Illinois INDUSTRY KEYWORD: Professional Services
Banking
Finance SUBJECT CODE: Mutual Fund



