GenIP enters resale alliance with Cardinal Intellectual Property

(Sharecast News) - GenIP said on Tuesday that it had entered a strategic resale alliance with Cardinal Intellectual Property, giving the AIM-listed technology consultancy a distribution route into the US corporate market for its AI-enabled intellectual property tools.

The company said the alliance would combine GenIP's proprietary AI-driven analytics platform with Cardinal IP's professional services. Cardinal IP provides patent searching, managed docketing, AI patent drafting, AI amendment drafting, IP consulting, and IP annuity and renewal payment services.

GenIP described Cardinal IP as a leading US IP services firm with operational scale and long-standing client relationships, serving Fortune 500 companies, government agencies and law firms.

It said Cardinal IP had also been selected by the US Patent and Trademark Office to perform Patent Cooperation Treaty search services.

Under the alliance, the companies will sell each other's products and services to their respective clients, expanding the range of services each can offer and creating high-margin, recurring service channels.

GenIP said its board considered the agreement a material step in broadening the company's commercial footprint, given Cardinal IP's position across US corporate and legal innovation markets.

It said the global IP services market exceeded $25bn annually, citing the World Intellectual Property Organization, while the AI-enabled IP services segment was projected to exceed $8bn by 2030.

The company said the agreement created an opportunity to access corporate and enterprise demand for IP protection, portfolio management and commercialisation support, supported by Cardinal IP's Fortune 500 and law firm relationships.

For GenIP, the firm said the alliance offered potential revenue and margin acceleration, access to a larger client base, increased credibility with corporations, law firms and research institutes, and support for its transition towards a recurring revenue model.

For Cardinal IP, GenIP said the agreement offered international distribution through GenIP's network across more than 25 countries, an expanded service offering and new revenue streams from AI-assisted analytics.

Chief executive Melissa Cruz said the agreement provided "a credible distribution route into the corporate enterprise segment, the largest and most recurring part of the global IP services market".

"The fee structure is commercially grounded, with fees reaching up to 30% on AI-enabled drafting services, and the performance incentive built into the agreement ensures both parties are motivated to convert introductions into revenue," she said.

"We have designated commercial teams on both sides and a clear go-to-market approach, and we look forward to adding value to both organisations and positioning GenIP at the forefront of the global IP services industry."

At 1023 BST, shares in GenIP were down 2.44% at 10p.

Reporting by Josh White for Sharecast.com.

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