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iWallet Announces Plans to Fortify Existing Patent Portfolio; Expanded Scope to Incorporate Latest Smartphone Technologies, Fuel Licensing Partnerships
iWallet Announces Plans to Fortify Existing Patent Portfolio; Expanded Scope to Incorporate Latest Smartphone Technologies, Fuel Licensing Partnerships.
About this update from Iwallet Corporation
[{"type":"text","content":"\n \n iWallet Corporation (OTCQB: IWAL), the secure luxury techcessories \n developer, today announced it will file a Continuation-In-Part (CIP) \n patent application, expanding the scope of its earlier-filed, successful \n patent portfolio and fortifying the capabilities of its technology to \n pair with evolving smartphone technologies. The move is designed to \n bolster the company’s position as the market leader in licensing its \n biometric fingerprint-locking devices that tether to smartphones via \n Bluetooth® pairing technologies.\n \n \n The company holds numerous design and utility patents surrounding its \n advanced biometric fingerprint recognition sensors and Bluetooth® BLE \n communications, which enable it to bring-to-market biometric products \n designed to protect your identification, credit cards, cash, jewelry, \n prescription medications and other valuables.\n \n \n “Our unique combination of secure pairing technology, local biometric \n verification and compatibility with personal devices, lends itself to \n vast implementations which is what is driving our alliances with major \n luggage and bag manufacturers, as well as other joint venture licensing \n collaborations,” said Jack Chadsey, CEO of iWallet Corporation. \n “Ensuring our patents are up-to-date with the latest mobile technology \n is paramount to remaining the partner of choice for luxury product \n manufacturers looking to enable their clientele to link a personal, \n secure locking device to a smartphone device with fingerprint \n authentication at a low cost.”\n \n \n The announcement is in line with the company’s June announcement that it \n would shift its focus from manufacturing to licensing its proprietary \n technology, a less capital intensive model that shields the company from \n the uncertainties and risks associated with timely delivery of component \n parts and manufacturing delays.\n \n \n “We have a proven track record bringing luxury products to market with \n our partners that enable user to wirelessly open, locate and secure \n their valuables with these new RF communications methods, while \n maintaining long battery life,” said Chadsey. “Updating our patent \n strategy ensures our licensing partners can meet the demands of today’s \n consumers while not on...