IRVINE, Calif.--(BUSINESS WIRE)--
Ubiquity Broadcasting Corporation, (UBIQ) a privately-held Delaware corporation (“Ubiquity”) focusing on enhancing the digital lifestyle, today announced that the United States Patent and Trademark Office (USPTO) has issued Ubiquity two U.S. patents, furthering the company’s broad-base of intellectual properties.
One of the patents, entitled “Extreme Video Compression Over a Fixed Bandwidth Channel” (U.S. Patent Number 8,401,083) was issued March 19, 2013. This technology uses special techniques to enhance video compression allowing for more data to be sent over a fixed bandwidth channel. In compressing video through this technology, users can achieve high quality video streams at a higher rate than current levels using existing techniques.
The other patent, “Methods and systems for distributing products via a wide-area network such as the Internet” (U.S. Patent Number 8,311,901) was issued in November of 2012, provides for an order management system that can tap into inventory of any participating retailer in the closest proximity to the consumer in order to fulfill orders quickly and handle payment. Additionally, the technology updates inventory levels with the manufacturers so as to keep production at appropriate levels in order to keep the flow of product and inventory at retailers at optimum levels.
“The issuance of these two patents validates Ubiquity’s continued efforts to enhance our digital lifestyle through new and exciting technologies,” commented Chris Carmichael, CEO and Founder of Ubiquity. “These two patents are a part of a family of patents, Extreme Video Compression enhances our object and logo detection portfolio and the Methods and Systems for distributing products via a wide-area network provides an enhanced online experience and a better retail/consumer relationship both online as well as in a brick and mortar store.”
Certain matters discussed within this press release are forward-looking statements. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. The Company does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law.
About Ubiquity Broadcasting Corporation:
Ubiquity Broadcasting Corporation is a privately-held Delaware corporation focused on the intersection of cloud based cross platform applications synchronized across all screens for enhancing the digital lifestyle. With its corporate office in Irvine, CA, and its own studio operations, Ubiquity is developing ubiquitous digital applications and digital content in connection with its intellectual property. Ubiquity’s technology is seamless, simplistic, and extremely intuitive.
On March 5, 2013 Ubiquity entered into a merger agreement with Ubiquity Broadcasting Corporation, a publicly-held Nevada corporation (UBIQ) (the “Public Company”). Upon satisfaction of all closing conditions, Ubiquity will become a wholly-owned subsidiary of the Public Company (the “Proposed Transaction”). As of the date of this release, the Proposed Transaction has not been completed. Although Ubiquity anticipates that the Proposed Transaction will be completed, there is no guarantee that the closing conditions will be satisfied, nor that the Proposed Transaction will be completed.
Marty Appel, 212-245-1772