U.S. Patent Office Grants New Patent Claims for Versus Systems' Streaming Media Rewards Platform
July 26 2022 - 7:00AM
Versus Systems Inc. (“Versus” or the “Company”) (NASDAQ: VS)
announces that, pursuant to a Versus filing made in 2019, the U.S.
Patent and Trademark Office (USPTO) has now allowed 20 new claims
associated with a new patent titled "MANAGING IN-CONTENT CHALLENGES
FOR MULTI-PLAYER GAMES." The USPTO has now issued U.S. Patent No.
11,376,498 to Versus to cover games and challenges that produce
real world rewards inside of apps and streaming media.
Versus’ new patented claims protect several methods for managing
first and second-screen games inside of apps, television
broadcasts, and streaming media, with a focus on how to provide
different digital and physical prizes to different players based on
their performance in the games and eligibility criteria such as age
and location. This IP could allow content creators and distributors
new ways to help audiences earn rewards while watching and
interacting with their favorite shows, including live sports,
game-streams, and reality TV. This technology has the potential to
dramatically increase the potential number of participants in
sweepstakes, tournaments, and rewards-based competitions. Versus
will be using its patented technologies in-venue, at NFL, NHL, NBA,
NCAA, and other sporting events and, beginning in Q4 of this year,
in Over-The-Top (OTT) television and streaming media.
Versus’ growing patent portfolio now includes multiple granted
US and international patents, with dozens of claims around the
management of prizing in games, dynamic regulatory compliance,
single and multiplayer prizing, competitive balance, and rewards in
streaming media.
In addition to these new claims granted by the USPTO and their
other issued patents, Versus continues to actively develop and file
patent claims for new technologies focused on prizing and rewards
inside interactive media, securing intellectual property protection
accordingly, both in the United States and other Patent Cooperation
Treaty countries.
“Versus is very proud of its growing patent portfolio around
in-game rewards. We are creating innovative, unique technologies
for both content creators and audiences,” said Matthew Pierce,
Founder and CEO of Versus Systems. “The streaming media landscape
is changing so fast - from Disney to Amazon to Discovery to the
evolving college football landscape, fans should expect a better
experience than traditional TV commercials. Content, even branded,
sponsored, and ad-supported content, should be more personal, more
contextual, and more rewarding. Audiences should be able to earn
rewards and prizes that they care about while watching their
favorite content. These patents help with that. Our whole portfolio
does. We want to make things more fun, and we’re eager to use this
patented technology to do that.”
About Versus Systems
Versus Systems Inc. is an engagement and rewards company that
makes all content, from live events, to games, shows, and apps more
fun to watch and play. Versus adds interactive elements: polling,
trivia, predictive, and casual games, to existing entertainment -
whether in-venue or online - making the content more contextual,
personal, and rewarding. Versus works with world class sports
teams, leagues, venues, entertainment companies, and other content
creators to make engaging, rewarding experiences for fans all over
the world. For more information, please visit
www.versussystems.com or visit the official Versus
Systems YouTube channel.
Disclaimer for Forward-Looking
Information This news release contains certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact, are forward looking statements
and are based on expectations, estimates and projections as at the
date of this news release. Any statement that involves discussions
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not statements of historical fact and may be forward looking
statements. These forward-looking statements are based on
reasonable assumptions and estimates of management of the Company
at the time such statements were made. Actual future results may
differ materially as forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to
materially differ from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Although the forward-looking statements contained in
this news release are based upon what management of the Company
believes, or believed at the time, to be reasonable assumptions,
the Company cannot assure shareholders that actual results will be
consistent with such forward-looking statements, as there may be
other factors that cause results not to be as anticipated,
estimated or intended. Accordingly, readers should not place undue
reliance on forward-looking statements and information. There can
be no assurance that forward-looking information, or the material
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updating any voluntary forward-looking statements, except as
required by applicable law.
Investor Contact:Cody Slach and Sophie
PearsonGateway Investor
Relations949-574-3860IR@versussystems.comorpress@versussystems.com
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