Daily News: February 13, 2012

Hilco Streambank to Sell Heuliez IP Portfolio, Technical Services

Heuliez SAS, designer and coach builder for over 100 years, will divest more than 750 patents relating to hard top convertible design as the company shifts away from the automotive market in order to focus on other business. Heuliez has selected Hilco Streambank to conduct the sale process.

Heuliez hard top convertible systems have achieved commercial success with both the Peugeot 207 cc and Opel Tigra Twin Top. Additionally, the Heuliez patent portfolio is currently licensed to several other suppliers and manufacturers, which are currently using these technologies in their vehicles.

In addition to selling the patents, Heuliez has agreed to provide the buyer with significant technical support, including a transfer of knowledge relating to the design process, prototype development and supplier selection.