Business
Image Protect Announces Successful Platform Integration with KODAKOne in $5M Digital Rights Partnership
Image Protect Announces Successful Platform Integration with KODAKOne in $5M Digital Rights Partnership.
About this update from Image Protect, Inc.
[{"type":"text","content":"\n SAN CLEMENTE, Calif., Aug. 19, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Image Protect Inc. (OTC: IMTL) (imageprotect.com) (“Image Protect”, “IMTL”, or the “Company”), a global leader in the end-to-end copyright infringement sector, is excited to announce the completion of the critical software integration process at the heart of the Company’s strategic partnership agreement (the “Partnership”) with RYDE Holding (“RYDE”), the creator and operator of the KODAKOne Image Rights Management Platform. This is a significant technical accomplishment, enabling the companies to now engage in actively monetizing the scope of their Partnership through aggressive operational implementation of the new unified software platform. The two companies believe the Partnership will generate over $5 million in digital image copyright infringement claims and drive tangible revenue growth starting in calendar Q4 2019. Matthew Goldmann, CEO Image Protect noted, “Through KODAKOne’s global post-licensing service, we now extend our own service offer to our clients by additionally recovering licenses from new markets such as Europe and SE Asia. The smooth integration process we have seen thus far bodes extremely well for our outlook as partners, providing an opportunity to generate and share untapped image infringement claims. This benefits both of us, driving significant additional revenues, which hold the potential to enable more aggressive scaling across segments.” This earlier-than-expected successful integration of the base systems forming the Partnership has allowed the companies to test their new unified platform on actual client data. Management reports that the testing has been an unqualified success, with all endpoints topping expectations. The systems are now successfully synchronized and integrated, allowing for image uploads, potential infringement identification, and aggressive recovery action to commence. The process of notification and identification for recovery and infringement has already begun, and both companies are now in the process of on-boarding remaining international infringements, as specified in the Partnership Agreement. Mr. Goldman continued, “The big idea here is simple: Our License Recovery Unit is pairing up with RYDE’s KODAK...