Intellectual Ventures Files Additional Patents Based Upon Visualant’s ChromaID Technology
October 28 2014 - 9:00AM
Business Wire
Unique applications and advancements to the
technology
Visualant, Inc. (OTCQB: VSUL), a leading provider
of disruptive light-based technologies, announced today that
Intellectual Ventures has filed three additional patents focused
upon both unique applications of the Visualant ChromaID™ technology
and advancements to the technology itself.
Visualant and Intellectual Ventures (IV) entered into a
strategic relationship in November of 2013. Pursuant to that
agreement Visualant provided ChromaID development kits to
Intellectual Ventures for distribution to twenty inventors and
inventor groups in the global IV Invention Network. Those inventors
returned a significant number of invention disclosures from which
IV will file a number of patents based upon the Visualant ChromaID
technology.
The Company recently announced the initial filings by IV in the
area of medical diagnostics, food safety and gemstone grading. The
latest filings by IV involve the use of ChromaID technology as a
microscope and include refinements in the technology. These
enhancements can reduce the size of the scan head and lower its
cost, both of which expand the utility of the ChromaID technology
and scope of its possible applications.
Ron Erickson, Visualant Founder and CEO, stated, “Once again,
the Intellectual Ventures team had provided Visualant with an
expansive vision for our ChromaID technology. These newly filed
patents continue to extend the reach of our technology.”
Eric Bell, Senior Director, Investment Strategy at the Invention
Development Fund of Intellectual Ventures, said, “These latest
filings continue to demonstrate the strength of the IV inventor
network and reinforces our belief that the foundational Visualant
ChromaID intellectual property has far reaching applications across
several industries.”
About Intellectual Ventures
Founded in 2000, Intellectual Ventures (IV) is the global leader
in the business of invention. IV collaborates with leading
inventors, partners with pioneering companies and invests both
expertise and capital in the process of invention. IV’s mission is
to energize and streamline an invention economy that will drive
innovation around the world. For more information on IV, go to
www.intellectualventures.com.
About IVIN
The Intellectual Ventures Invention Network (IVIN) is a
collaborative community of scientific and technical experts,
inventors and entrepreneurs who work together to create, improve
and evaluate inventions. IVIN membership provides access to
financial incentives and the global resources of Intellectual
Ventures, an invention capital company with one of the largest and
fastest-growing intellectual property portfolios in the world.
Members can submit their inventions to IV for patenting and
monetization or get paid for reviewing new inventions, analyzing
existing patents or inviting other inventors to join IVIN. By
supporting good ideas and the people who develop them, IVIN
encourages a continual supply of useful and valuable
inventions.
About Visualant, Inc.
Visualant™ is a public company whose shares trade under the
stock symbol, VSUL. The Visualant technology directs structured
light onto a substance, through a liquid/gas, or off a surface, to
capture a unique ChromaID™. When matched against existing
databases, a ChromaID can be used to identify, detect, or diagnosis
markers invisible to the human eye. ChromaID scanner modules can be
integrated into a variety of mobile or fixed-mount form factors.
The patented technology is disruptive, making it possible to
effectively conduct analyses in the field that could only
previously be performed by large and expensive lab–based tests. For
more information on Visualant, visit the company’s website at
www.visualant.net.
Intellectual Ventures Contact:Nick
Gibsongibson@intven.comorVisualant Press Contact:Hal BringmanDesk:
+1 (206) 299-0622 ext 801Mobile: +1 (310) 210-8011Skype:
halbringmanEmail: hal@nvpr.com
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