Broomfield, Colorado, January 2011 — Ryan S. Wood, founder and CEO of Broomfield-based Frontline Aerospace, announced today that Ocean Tomo, an industry leader in providing intellectual property valuation, has valued Frontline’s IP as “most likely” worth $59 million for its gas turbine efficiency technology and V-STAR drone.
“We are extremely pleased with the sophistication and rigor of Ocean Tomo’s IP valuation,” said Wood. “They go far beyond typical discounted future cashflows into other credible valuation methods. Ocean Tomo is so good that they have IP about how to value IP.”
Established in 2003, Ocean Tomo, LLC provides industry leading financial products and services related to intellectual property, including financial expert testimony, valuation, strategy consulting, proprietary research products, investment services, risk management products, innovation management services and transaction brokerage.
“Although potential investors often discount the value of IP in their investment decisions, having an Ocean Tomo valuation backstopped many enterprise valuation conversations and provided a clear independent perspective on the strategic value for an early-stage company,” said Wood.
Frontline Aerospace, Inc. is an advanced manufacturing company based near Denver, CO focusing on breakthrough energy efficiency and aviation concepts.
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