Georgia Power Retains Adapt IP Ventures to Monetize Non-Metallic Alarm System
ATLANTA, Jan. 16, 2013 (GLOBE NEWSWIRE) -- Georgia Power, a subsidiary of
Southern Company, has retained Adapt IP Ventures, LLC to monetize their
patented innovation portfolio.
Southern Company is offering a patent pending solution to improve the safety
and reliability of power substations, cell towers, solar farms, etc., while
deterring copper theft. Southern Company is seeking a company to further
commercialize their Non-Metallic Alarm System.
Copper theft at remote sites presents significant safety and financial threats
to power companies, cell tower operators, etc., as the cost of downtime,
replacement parts and potential exposure to lightning strikes cost companies
millions of dollars each year. Theft deterrents (e.g., painting copper
grounds, tin-coated copper, motion sensors, tracing) have been ineffective,
and with economic pressure increasing, there has been no sign of the thefts
This patent pending solution uses a multimode fiber cable to help protect the
master ground bar (MGB) from being stolen and sounds an alarm to indicate that
the MGB is missing. The alarm is activated if a fiber is broken or cut. The
system can also include deterrents such as light and sound and can integrate
with cameras and security systems. This device is currently being utilized at
many sites throughout the Southern Company network.
"There is a need for an alert system capable of indicating when a portion or
element of an electrical grounding system has been removed," said Don
Frizzell, Southern Company telecommunication specialist, and inventor of the
system. "Additionally, such an alert system can be a deterrent to potential
thieves by discouraging disturbance of the grounding system."
"The market for the Non-Metallic Alarm System presents numerous opportunities,
as it can be deployed in hundreds of thousands of power substations, cell
towers and solar panel farms, among other applications," said Christopher
Savage, manager of Intellectual Property at Georgia Power. "We are very
excited to be partnering with Adapt IP Ventures on the monetization of our
innovation portfolio, and we are seeking the most qualified partner to
commercialize the patent pending Non-Metallic Alarm System. Companies can sell
the Non-Metallic Alarm System as a service/installation product, provide
monitoring or simply sell the hardware as a catalog item."
"We are confident in the capabilities that Adapt IP Ventures brings to the
monetization process and we look forward to finding the right partner to
further capitalize on our company's innovation," said Savage.
The market is significant and deal structures and financial consideration can
be discussed in more detail. Companies interested in receiving information on
this patent pending portfolio offering are encouraged to contact Grant Moss at
Adapt IP Ventures.
About Adapt IP Ventures, LLC
Adapt IP Ventures (www.adaptipventures.com), based in Atlanta, Ga., provides
strategic advisory services designed to assist innovative firms understand and
extract value from their patents. By serving as a patent broker for its
clients, Adapt IP Ventures develops custom strategies to sell or license
CONTACT: Grant Moss
Adapt IP Ventures, LLC
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