iWallet Corporation (OTCQB: IWAL), the secure luxury techcessories developer, today announced it will file a Continuation-In-Part (CIP) patent application, expanding the scope of its earlier-filed, successful patent portfolio and fortifying the capabilities of its technology to pair with evolving smartphone technologies. The move is designed to bolster the company’s position as the market leader in licensing its biometric fingerprint-locking devices that tether to smartphones via Bluetooth® pairing technologies.
The company holds numerous design and utility patents surrounding its advanced biometric fingerprint recognition sensors and Bluetooth® BLE communications, which enable it to bring-to-market biometric products designed to protect your identification, credit cards, cash, jewelry, prescription medications and other valuables.
“Our unique combination of secure pairing technology, local biometric verification and compatibility with personal devices, lends itself to vast implementations which is what is driving our alliances with major luggage and bag manufacturers, as well as other joint venture licensing collaborations,” said Jack Chadsey, CEO of iWallet Corporation. “Ensuring our patents are up-to-date with the latest mobile technology is paramount to remaining the partner of choice for luxury product manufacturers looking to enable their clientele to link a personal, secure locking device to a smartphone device with fingerprint authentication at a low cost.”
The announcement is in line with the company’s June announcement that it would shift its focus from manufacturing to licensing its proprietary technology, a less capital intensive model that shields the company from the uncertainties and risks associated with timely delivery of component parts and manufacturing delays.
“We have a proven track record bringing luxury products to market with our partners that enable user to wirelessly open, locate and secure their valuables with these new RF communications methods, while maintaining long battery life,” said Chadsey. “Updating our patent strategy ensures our licensing partners can meet the demands of today’s consumers while not only keeping pace with technological changes, but push boundaries with next generation products.”
About iWallet:
Headquartered in San Diego, California, iWallet (www.iwalletusa.com) is a secure, luxury techcessories company, focused on its robust patent and trademark portfolio in the growing biometric market and combining the latest security features with luxury appointments.
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