London—Context:

• Quadsat is a leading deep tech company focused principally on drone-based techniques for testing and measurement of satellite antennae. It uses Groundbreaking RF measurement solutions to ensure global connectivity and security, providing highly efficient on-site testing and calibration for antennas and RF systems as well as monitoring of radio spectrum interference.
• Quadsat has raised €16 Million in grants and private investment to date and won a number of prestigious contracts to provide SATCOM operators and defense businesses with vital insights.
• Quadsat has been developing new applications for its core technologies including novel applications utilising emitter localisation and characterisation.
• Critical point in time: Faced with exciting new markets for its applications, Quadsat embarked on further fundraising activities in order to ensure it has the resources to meet these exciting commercial opportunities.

Challenge:

• Rapidly identifying and inventorying all of Quadsats Intangible assets as well as understanding how they protect and underpin existing and future business (MOAT).
• Ensuring the business is well prepared for deeper levels of due diligence coming with higher investment values. This was achieved with the assistance of Intanify's Discovery + Risk interfaces, using the outputs identify and fix due diligence red flags well ahead of real due diligence.
• Ensuring the business has a short term, medium term and long-term IP management objectives which are effective to propel the business plan and yet proportionate.

Machine + Human:

• Intanify's machine: Quadsat CEO (Joakim Espeland) and key engineers provided brief answers to computer-generated questions and were guided through document selection for machine processing (< 2 hours).
• The machine then processed the uploaded documentation to automatically generate a vast inventory of Quadsat's intangible assets across 25 different categories of asset. This process identified 145 intangible assets for example brand equity, proprietary data, trade secrets, knowledge bases, software copyright potential designs, trademarks customer and supplier contracts and the like.
• Dr Justin Hill (Leader in the Field of IP), who proposed Intanify, was able to rapidly verify the full inventory of intellectual assets of nearly 120 assets on top of the registered intellectual property the company already knew it had. (<1 hour).
• Intanify's risk platform was used to assess IP health scores and red flags concerning the intellectual asset inventory and external exposures. The red flag list and associated reports provided Quadsat with actionable ways to eliminate or mitigate risks and optimise value. 

Value adds:

• Full inventory of intangible assets (serving also as the register of trade secrets).
• IP Audit report with a timeline of best practice recommendations with budgets.
• Visualisations showing how key intangible assets underpin Quadsat's operations and act as a MOAT to secure the business. 
• Due diligence dry run with IP score + Red Flag report with issues to fix.
• Short-term, medium-term and long-term steps plan to optimise value and mitigate risks.
• All delivered at a fraction of the cost of conventional evaluations.

Quadsat is now a subscriber of Intanify as a tool for managing is vast array of intangible assets and also uses Intanify as a register for it's trade secrets. Intanify also has access to integrated valuation tools to establish individual asset valuations or valuations of the intangible assets in aggregate. Joakim Espeland, CEO Quadsat said: "This has been extremely informative and very timely for our business.  I was blown away by the platform's ability to automatically generate a full inventory of our intangible asset base. The automation delivered in an astonishingly short time and enabled our patent attorney to rapidly verify and focus on the critical aspects.

"The "human" plus "machine" approach exceeded expectations and delivered incredible insights. We are now in a position to convincingly articulate what we have to interested investors. We can clearly demonstrate how our valuable intangible assets drive our operations and protect our future business. Investors can be assured our business has the underlying IP it needs to deliver on its ambitious business plan. It's clear to all that our IP is well managed, fully optimised and external risks are being monitored and mitigated."

Dr Justin Hill, Partner and Co-Head IP, said: "We've waited a long time for a compelling technology offering like this in our field - one that is capable of rapidly evaluating a company's assets, on an automated basis, for an experienced attorney to verify. Critically, this "human" plus " machine" approach saved the company time and enables the attorneys to focus on higher complexity issues with a significant head start provided by Intanify's A-driven platform. The outputs were comprehensive, balanced and informative. 

"Intanify's platform democratises access to full-breath intangible asset assessments and a host of the associated benefits. We are thrilled to be able to enhance our legal service delivery using this tool, and are excited about the deeper insights and new opportunities we are seeing. It's good to see a business like Quadsat, which has always prioritised its intellectual property, informing it's strategy using cutting edge software tools."

For more information on how Dentons can help your business, please reach out to Dr Justin Hill.

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