Location History:
- Union City, CA (US) (2007)
- Arlington, VA (US) (2013)
Company Filing History:
Years Active: 2007-2013
Title: Armin Risch: Innovator in Electronic Marketplaces and Production Sharing Contracts
Introduction
Armin Risch is a notable inventor based in Arlington, VA (US), recognized for his contributions to the fields of electronic marketplaces and production sharing contracts. With a total of 2 patents, Risch has made significant strides in enhancing the efficiency and security of electronic transactions.
Latest Patents
Risch's latest patents include "Lifting partner groups for allocation of lifted product consistent with production sharing contracts." This invention focuses on allocating lifted product volumes to specific entities of a Production Sharing Contract (PSC) using Lifting Partner Groups (LPG) and an Entitlement Percentage (EP). This innovative system allows for a more streamlined approach to accounting for lifted products, eliminating the need to identify specific PSC members for each terminal lift. The EP, in conjunction with LPG, facilitates the division of each lift's portion attributable to each entity, ultimately aiding in the calculation of total production revenue.
Another significant patent is "Security service for an electronic marketplace." This invention provides a security service that enables members of an electronic marketplace to utilize any signing service to attach electronic signatures to documents, regardless of format differences between the member's internal computer system and the marketplace. This innovation enhances the security and usability of electronic transactions.
Career Highlights
Armin Risch is currently employed at SAP AG, where he continues to develop innovative solutions that address complex challenges in electronic marketplaces and production sharing contracts. His work has had a profound impact on the efficiency of these systems.
Collaborations
Risch has collaborated with notable colleagues, including Steven Thomas Winkler and Michael Friedrich, contributing to a dynamic work environment that fosters innovation and creativity.
Conclusion
Armin Risch's contributions to the fields of electronic marketplaces and production sharing contracts demonstrate his commitment to innovation and efficiency. His patents reflect a deep understanding of the complexities involved in these areas, making him a valuable asset to the industry.