Imerjn Acquires Patent for Mobile Transaction Processing
December 09 2013 - 6:00AM
Xumanii (DBA Imerjn) (OTCQB:XUII), announced that it has acquired a
patent that enables standards independent transaction processing.
The company believes that the patent will primarily be applied to
transaction processing in mobile devices but the patented
technology is not limited to mobile transactions.
Imerjn has acquired US Patent 7,737,848. The patent title is
"Method and middleware for standards agnostic transaction
processing". The patent relates to the invention of a methodology
that enables standards agnostic transaction processing. The Company
believes that the invention will be useful for mobile
communications companies, mobile device manufacturers and software
companies that provide transaction processing solutions.
Imerjn CEO, Adam Radly, said, "This is a significant milestone
in our Company's development. The acquisition of this patent gives
us the opportunity to become part of the foundation of the mobile
transactions processing industry. As the number of devices that
need to talk to each other increases there will be increasing
demand for standards agnostic transaction processing."
The patent portfolio covers a middleware that can receive
information from multiple input devices using different
communication protocols, convert this information into a standard
scheme, process it using a set of user-defined codes, and output
the information to any output device. The middleware system has
potential uses in multiple fields including cellular technology,
Bluetooth communication, signal processing, RF communication and
many others. The primary advantage of the patented technology is
that being standards agnostic does not significantly affect its
processing speed or cost.
The technology protected by this patent portfolio can be
practically applied to almost every signaling scheme available
today. These schemes may include RF signaling (cellular signals,
NFC RF signals, Bluetooth signals, RFID tag scanning); visual
sensing (e.g.bar-code scanning and infrared signaling) and magnetic
sensing (e.g. magnetic strips and smartcards).
One of the potential applications of this technology is the
developing "Internet of Things" where it is expected that
every object will become identifiable and capable of communicating
information. Governance, standardization and interoperability,
however, have to be taken into account to visualize such a system
and this patented technology can be of great utility in solving
these issues.
The Company plans to attempt to license the technology to
participants in the mobile transaction industry. In the event that
these participants choose not to license our technology and we have
reason to believe that they are infringing on our patent we will
consider litigation on a case by case basis.
Potential licensees include: Microsoft, Apple, IBM, LG, Nokia,
Wells Fargo, Huawei, Verizon, HTC, T-Mobile, Motorola, NEC, JP
Morgan Chase, Samsung, Sony Ericsson, British Telecommunication,
Toshiba, Sprint, Walmart, AT&T, MasterCard, American Express,
Google, Intel, PayPal, Texas Instruments, Visa, Qualcomm.
The patented technology will be useful in applications that use
Near Field Communication (NFC) such as social networking via file
sharing, mobile gaming or electronic money transfer. NFC also
supports ecommerce with enhanced transaction speed and accuracy.
Juniper research predicts that 1 in 5 smartphones worldwide will be
NFC enabled by 2014 and that global NFC retail transaction values
are expected to reach $110 billion in 2017.
About Imerjn
Imerjn (XUII), formerly known as Xumanii International Holdings
Corp is a development stage company that develops and sells mobile
software and hardware solutions. For more information please visit
the company website at: http://www.imerjn.com. Contact: Adam Radly,
info@imerjn.com.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995: Except for historical
information, the forward-looking matters discussed in this news
release are subject to certain risks and uncertainties which could
cause the Company's actual results and financial condition to
differ materially from those anticipated by the forward-looking
statements including, but not limited to, the Company's liquidity
and the ability to obtain financing, the timing of regulatory
approvals, uncertainties related to corporate partners or
third-parties, product liability, the dependence on third parties
for manufacturing and marketing, patent risk, copyright risk,
competition, and the early stage of products being marketed or
under development, as well as other risks indicated from time to
time in the Company's filings with the Securities and Exchange
Commission. The Company assumes no obligation to update or
supplement forward-looking statements that become untrue because of
subsequent events.
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