Daily News: January 23, 2014

HGP to Manage Online Auction for M17 and The Egg

Heritage Global Partners announced it has been retained by M17 to manage an upcoming sale of all rights, patents, and technology of M17 Inc. and The Egg.

HGP’s online sale will commence on January 30, 2014 at 9 a.m. PT and will conclude at 4 p.m. PT that day. Interested potential bidders are strongly encouraged to visit the Virtual Data Room to access complete information about the sale by contacting David Barkoff (dbarkoff [at] hgpauction [dot] com, 650-649-0147).

The auction includes a bulk sale of 9 granted or pending patents for The Egg’s Speaker Driver and Design Application. Constructed from the ground up by M17 Engineering, The Egg Speaker Driver has advanced built-in acoustic knowledge, a long throw woofer and a cutting-edge linear motor structure that delivers 30% more output than the competing brands and more base for the same cost and size. The curved design enclosure and volumetric efficient shape diffuses internal sound and produces optimized frequency for unparalleled 360W RMS.

“Our upcoming online auction sale of the patents and technology of M17, Inc. and The Egg is an excellent opportunity for interested buyers from around the globe to acquire superior speaker system technology patents that significantly outpace the existing competition in terms of design efficiency, sound quality and overall performance,” stated David Barkoff, Heritage Global Partners director of sales.