Westport, Connecticut—June 19, 2019— WAVE today announced it has received a seed investment from Ideaship, a patent leveraged venture capital firm that provides patent development capital for early stage startups. The investment will support WAVE’s efforts to patent its water safety awareness technology.

“WAVE has the potential to save lives and reduce the occurrence and severity of traumatic brain injury through its unique aquatic safety awareness system,” said Michael Lubitz, co-founder of Ideaship and founder and managing director of GTT Group.

“WAVE’s sensing technology supports trained lifeguarding staff and has the potential to reduce near drowning injuries and loss of life associated with aquatic recreational activities,” stated Kazutoshi Yasunaga, IP Specialist for Ideaship and Director for Panasonic Intellectual Property Corporation of America.

“Working with the Ideaship Team has represented a major inflection and insight experience for WAVE. We are grateful to have Ideaship on this journey with WAVE as we make the world a safer place,” remarked Mark Caron, CEO of WAVE.

About WAVE

WAVE is an aquatic safety startup founded in 2016, and is based in Westport, Connecticut. The WAVE system can be deployed at all indoor and outdoor aquatic facilities including pools, lakes, rivers and beaches, and represents the most advanced solution in aquatic recreational safety. For more information, please visit https://www.wavedds.com/.

About Ideaship

Ideaship is a patent leveraged venture capital firm, comprised of world-renowned experts at understanding, articulating, and activating patent value. Ideaship provides patent development capital for early stage ventures. Ideaship combines the wisdom and experience of GTT Group’s patent analysis, valuation, and monetization practices with Panasonic’s world-leading patent department to achieve enterprise value premiums.

Ideaship is a collaboration between Global Technology Transfer (GTT) Group and Panasonic Intellectual Property Corporation of America. Ideaship works with founders to maximize enterprise value from their innovations. Ideaship provides the human and monetary capital to capture patent value, while extending operational capital and first mover advantage. For more information, please visit https://www.ideashipfund.com/.