Company Filing History:
Years Active: 2004-2009
Title: Michael Lemberg: Innovator in Telecommunications Settlement Systems
Introduction
Michael Lemberg is a notable inventor based in New York, NY (US). He has made significant contributions to the field of telecommunications through his innovative methods for settling trading accounts. With a total of 2 patents to his name, Lemberg's work has the potential to streamline financial transactions in the telecommunications industry.
Latest Patents
Lemberg's latest patents focus on a method and system for the settlement of trading accounts. This innovative approach involves an online exchange system that stores data representing the financial accounts of both buyers and sellers of telecommunication services. The system includes features such as receiving offers to sell services, matching these offers with requests to buy, and generating a route table based on the matched parameters. Fees are computed based on the usage of these matched routes, ensuring a seamless financial transaction process.
Career Highlights
Michael Lemberg is currently associated with Arbinet-thexchange, Inc., where he applies his expertise in telecommunications and financial systems. His work has been instrumental in developing solutions that enhance the efficiency of trading accounts in the telecommunications sector.
Collaborations
Lemberg has collaborated with notable professionals in his field, including Chi K Eng and Alexander Mashinsky. These partnerships have contributed to the advancement of innovative solutions in telecommunications.
Conclusion
Michael Lemberg's contributions to the telecommunications industry through his patents and collaborative efforts highlight his role as an influential inventor. His innovative methods for settling trading accounts are paving the way for more efficient financial transactions in the sector.