MacroSolve Files Patent Infringement Suit Against Redbox Automated
TULSA, OK -- (Marketwire) -- 11/27/12 -- MacroSolve, Inc., (OTCQB:
MCVE) ("MacroSolve" or the "Company"), a leading provider of mobile
technology intellectual property, announces it has filed a patent
infringement suit against Redbox Automated Retail, LLC for violation
of MacroSolve's U.S. Patent No. 7,822,816.
The patent addresses mobile information collection systems across all
wireless networks, smartphones, tablets, and rugged mobile devices,
regardless of carrier and manufacturer. MacroSolve's patent covers
fundamental technology in the mobile application space utilized by
"The U.S. Patent and Trademark Office awarded this patent to the
Company on October 26, 2010 and extended our rights to defend the
intellectual property through 2025. We fully intend to maximize
shareholder benefits as we license infringers for the remaining
thirteen years," states Jim McGill, MacroSolve Chairman and CEO.
On October 26, 2010, the United States Patent and Trademark Office
issued U.S. Patent No. 7,822,816 to MacroSolve. The patent, a
significant intellectual property asset to MacroSolve, further
advances its position as a leader in the mobile solutions market.
Founded in 1997, MacroSolve is heralded for its
robust IP portfolio, while advancing throughout the mobile apps era
by innovating key technologies that have laid the foundation for apps
and next-gen developers. Today, MacroSolve is empowering a new era of
mobile innovators seeking advisory services and IP strength from a
source of experience.
Safe Harbor Statement
This press release contains projections of
future results and other forward-looking statements that involve a
number of risks and uncertainties and are made pursuant to the Safe
Harbor Provisions of the Private Securities Litigation Reform Act of
1995. Important factors that may cause actual results and outcomes to
differ materially from those contained in the projections and
forward-looking statements included in this press release are
described in our publicly filed reports. Factors that could cause
these differences include, but are not limited to, the acceptance of
our products, lack of revenue growth, failure to realize
profitability, inability to raise capital and market conditions that
negatively affect the market price of our common stock. The Company
disclaims any responsibility to update any forward-looking
Jim McGill's blog: www.macrosolve.com/category/general-blog/
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