Business
Acquisition of New Gesture Recognition Technology
Acquisition of New Gesture Recognition Technology.
About this update from Tekcapital Plc
[{"type":"text","content":"\n \nRNS Number : 6250G Tekcapital plc 31 May 2017 \n\n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\"). With the publication of this announcement via a Regulatory Information Service (\"RIS\"), this inside information is now considered to be in the public domain.\n \n31 May 2017\n \nTekcapital plc\n(\"Tekcapital\" or the \"Company\")\n \nAcquisition of New Gesture Recognition Technology\n \nTekcapital plc (AIM: TEK), an international provider of technology and intellectual property investment services, announces that it has acquired the worldwide exclusive license to a software program and patent application for enhanced gesture recognition for computing devices, which has the potential to enhance the accuracy of the detection of gesture and character inputs across a wide range of mobile and desktop devices. \n \nRecognizing gesture inputs on a computing device is a challenge that can be approached with different methods. With this software, when a touch-sensitive device is provided with 2D input drawn with a stylus or made with a finger, synthetic data is produced by a new method called Gesture Path Stochastic Resampling. This efficient software algorithm requires minimal coding to implement and rapidly decodes analog gesture input. With this new technology the directors of Tekcapital believe it is possible to improve the accuracy and the speed of gesture recognizers, as the technology is fast, versatile, language independent, and is compatible with existing recognition systems on any device.\n \nThis patent pending software algorithm, was recently developed by researchers at the University of Central Florida. A description of how the technology works in addition to typical applications and benefits can be found here: http://www.rns-pdf.londonstockexchange.com/rns/6250G_-2017-5-30.pdf\n \nCommenting on the license acquisition, Dr. Clifford M. Gross, Executive Chairman of Tekcapital, said; \"We are excited to have acquired the exclusive rights to this novel software technology aimed at improving the accurate detection of gesture inputs for mobile devices, tablets and desktop computers. Our goal is to license the technology to a leadi...