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UnitedCorp Announces that the iFramed US Patent Application has been Received at the Office of Publication of the USPTO and is now ready for Issuance
UnitedCorp Announces that the iFramed US Patent Application has been Received at the Office of Publication of the USPTO and is now ready for Issuance.
About this update from United American Corp
[{"type":"text","content":"\n\n MIAMI, Jan. 11, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- Miami-based United American Corp (UnitedCorp), (OTC:UAMA) announced today that the iFramed US Patent Application has been received at the Office of the Publication of United States Patent and Trademark Office (\"USPTO\") and the patent is now ready for issuance. This last step follows the reception of the Notice of Allowance received on October 3, 2017.\n The company expects to soon begin its direct enforcement action against US social media companies that are using a dedicated mobile content sharing application which acquires and share new user images or videos, but also gives users the ability to select between distinct locally sourced external content items based on their location and to be integrated within their own content before sharing. In addition, the company has recently placed Facebook and Instagram on notice to cease and desist using “Frames” and “Geostickers” for its social media users. The company commenced legal proceedings in Canada in August 2016 against Snap Inc. and the status of the litigation is progressing rapidly on the patent infringement lawsuit (Canadian Federal Court File No. T-1406-16) based on infringement of Canadian Patent No. 2,887,596. Snap has defended the action.  The companies have each met certain deliverables and undertakings which were due by November 30, 2017 and the litigation is currently in the discovery stage with the next step being the examinations for discovery which is to be completed by February 28, 2018. A case management conference is to be held at the beginning of May 2018 to address any motions arising for the examinations for discovery and further steps to bring this matter to trial. The iFramed patent portfolio has been appraised by TechInsights at US$ 1.04B and United Corp’s wholly owned subsidiary iFramed Canada has the exclusive rights on the iFramed technology. UnitedCorp will continue to pursue and enforce legal actions on Snap's infringement of the iFramed technology. The current lawsuit states that Snap has focused its core monetization strategy on the basis of the iFramed patent portfolio. The patent issued under the trade name \"iFramed\" (U.S. Patent Application Publication no. US 2016/0359987) and was derived from International Application Publication No. WO201...