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Imaging3 Explains Its Most Recent 10-K Amendment
Imaging3 Explains Its Most Recent 10-K Amendment.
About this update from Grapefruit Usa Inc.
[{"type":"text","content":"\n\n BURBANK, Calif., May 09, 2017 (GLOBE NEWSWIRE) -- Imaging3, Inc. (OTCQB:IGNG) announced today that it filed an Amendment to the Annual Report of Form 10-K for the year ended December 31, 2016 to correct certain disclosures concerning the Company’s proprietary technology designated “Apparatus and Method for Three Dimensional Real-Time Imaging Systems” (the “Technology”), as set forth on pages 3 and 45 of the Form 10-K. The Form 10-K erroneously states that the active patent currently covering Imaging3’s Technology is U.S. Patent No. 6,754,297.\n In fact, on August 28, 2002 Dean Janes (“Janes”), the Company’s founder, filed the original patent application for the Technology; and, on June 22, 2004, the United States Patent and Trademark Office (“USPTO”) issued U.S. Patent No. 6,754,297 covering the Technology to the Company as assignee. After making substantial improvements to the design and utility of the Technology, Janes, on June 21, 2004, filed a second patent application covering the Technology that incorporated the aforementioned improvements. On January 8, 2008, the USPTO issued patent No. 7,317,819 covering the improved Technology to the Company as assignee. On June 22, 2008, subsequent to the issuance of U.S. Patent No. 7,317,819, the Company intentionally allowed U. S. Patent No. 6,754,297 to expire for non-payment of required maintenance fees. Assuming continued payment of maintenance fees, U.S. Patent No. 7,317,819 expires no sooner than June 21, 2024; due to provisions in Title II of the Drug Price Competition and Patent Term Restoration Act, the patent term could be extended beyond this date. President Dane Medley stated: “We sincerely apologize for the confusion concerning the patent numbers.  The takeaway here is that our unique ability to provide 3-D imaging, virtually in real time, is covered by an active patent.” About Imaging3 Imaging3, Inc., founded in 1993, has developed a patented medical imaging technology, called SmartScan™, that will produce 3D x-ray images, virtually in real time. The SmartScan technology will allow healthcare professionals to perform diagnostic and therapeutic procedures more quickly and accurately, resulting in higher throughput for the clinicians and fewer safety risks for the patient. In...