Spectral AI, Inc. announced that Erich Spangenberg has been appointed as the Chief Executive Officer of its health care IP-focused subsidiary, Spectral IP. Mr. Spangenberg is the Founder and co-Managing Partner at Sauvegarder Investment Management (SIM), a multi-strategy investment firm dedicated to IP-related financing and investment opportunities. SIM invests across IP as an asset class and across jurisdictions, primarily focusing on the US, Europe, and Asia.

He is recognized by various publications as one of the world?s top-50 IP strategists, credited with being one of the people who is changing the way people think about and use patents. After an early career that included partnership in a leading global law firm, investment banker, and business executive, in 2003, Erich focused his business efforts on IP investment opportunities. Erich has been involved as a principal in over 1,000 IP licensing transactions that generated over $500 million in revenue and as a principal and advisor on over $2 billion of patent financing and technology acquisition transactions.

Spectral AI also announced that a Special Committee of the Board of Directors will be formed to evaluate and oversee the implementation of the contemplated transactions, including a possible partial spin-off transaction of Spectral IP shares to its shareholders.