UnitedCorp Announces that the iFramed US Patent Application has been Received at the Office of Publication of the USPTO and is
January 11 2018 - 9:15AM
InvestorsHub NewsWire
UnitedCorp Announces that
the iFramed US Patent Application has been
Received at the
Office of Publication of the USPTO
and is now ready for Issuance
MIAMI, FL --
January 11, 2017-- InvestorsHub NewsWire -- Miami-based United
American Corp (UnitedCorp), (OTC:
UAMA) announced today that the
iFramed US Patent Application has been received at the
Office of the
Publication of United States Patent and
Trademark Office ("USPTO") and the patent is now ready for
issuance. This last step follows the reception of the Notice
of Allowance received on October
3,
2017.
The company
expects to soon begin its direct enforcement action against US
social media companies that are using a dedicated mobile content
sharing application which acquires and share new user images or
videos, but also gives users the ability to select between distinct
locally sourced external content items based on their location and
to be integrated within their own content before sharing. In
addition, the company has recently placed Facebook (NASD:
FB) and Instagram on notice to
cease and desist using "Frames" and "Geostickers"
for its social media users.
The company
commenced legal proceedings in Canada in August 2016 against
Snap Inc. (NYSE:
SNAP) and the status of the
litigation is progressing rapidly on the patent infringement
lawsuit (Canadian Federal Court File No. T-1406-16) based on
infringement of Canadian Patent No. 2,887,596. Snap has defended the
action. The companies have
each
met certain
deliverables and undertakings
which were due
by November
30,
2017 and
the
litigation is currently in the discovery stage with the next step
being the examinations for discovery which is to be
completed by February 28, 2018. A case
management conference is to be held at the beginning of May 2018 to
address any motions arising for the examinations for discovery and
further steps to bring this matter to trial.
The iFramed patent portfolio has been
appraised by TechInsights at US$ 1.04B and United
Corp's wholly owned subsidiary
iFramed Canada has the exclusive rights on the iFramed
technology. UnitedCorp
will continue to
pursue and
enforce legal actions on Snap's infringement of the
iFramed technology. The current lawsuit states that Snap has
focused its core monetization strategy on the basis of the iFramed
patent portfolio.
The patent
issued under the trade name "iFramed" (U.S. Patent Application
Publication no. US 2016/0359987) and was derived from
International Application Publication No. WO2015/100496 filed
December 30, 2014 and claims a first priority date of January 3, 2014
which was
allowed by the USPTO on October 3, 2017. The corresponding patent
is scheduled to be issued within the following weeks. An extensive
list of prior art references were cited, reviewed and considered by
the USPTO during this process, including those raised recently
by Snap's counsel in the Canadian legal
proceedings.
Other
iFramed patent applications are currently pending in China, India,
Australia, Europe and Japan.
About
iFramed
iFramed
is a dedicated
mobile content sharing application and platform which allows its
users'-originated content to be posted in real time on their social
media accounts with a digital integration of external content
selectable by its users based on their geo-location.
iFramed, the world's first and only
social media posting gateway technology and next generation social
network content sharing platform.
About
UnitedCorp
UnitedCorp
is a
Florida-based holding and management company focusing on
telecommunications, information technologies and blockchain
technology.
This news
release contains forward-looking statements that are subject to
various risks and uncertainties. The Company's actual results could
differ materially from those anticipated in such forward-looking
statements as a result of numerous factors that may be beyond the
Company's control. Forward-looking statements are based on the
expectations and opinions of the Company's management on the date
the statements are made, and the Company assumes no obligation to
update forward-looking statements should circumstances in
management's expectations or opinions change.
SOURCE United
American
For further
information:
Lawry Trevor
Deutsch,
SVP Corporate
Affairs, (lawry.trevor@unitedcorp.com);
IFRAMED
CANADA INC,
Michael Eric
Schmidt, (mschmidt@iframed.com);
Contact:
Jenna TrevorDeutsch,
Director
Public Relations,
Email:
jenna.trevor@investel.com,
Tel:
6043985000 ext: 109
iFramed
Social Media Posting Gateway
Technology
Meta Platforms (NASDAQ:META)
Historical Stock Chart
From Aug 2024 to Sep 2024
Meta Platforms (NASDAQ:META)
Historical Stock Chart
From Sep 2023 to Sep 2024