U.S. Markets closed

Tyfone Enjoys Record Year With 43 Patents Issued

PORTLAND, OR--(Marketwired - September 07, 2016) - Digital security solutions leader Tyfone, Inc. was granted 43 patents in its most recent fiscal year (FY 2016) for inventions spanning cybersecurity, mobility, secure digital banking and payments, as well as small form-factor miniaturized solutions necessary for wearables and secure IoT (Internet of Things).

Tyfone provides digital security solutions for identity and transactions. The company's technology supports an integrated offering of both software security and hardware secure elements in ubiquitous form factors such as CR80 and microSD. This integrated offering provides the highest levels of security but also places a premium on convenience and ease-of-use. In conjunction with its u4ia™ (pronounced "euphoria") secure software platform, Tyfone's inventions remove the unhealthy compromise between security and convenience present in legacy solutions.

Tyfone's intellectual property portfolio now includes 83 issued patents, bringing the total number of issued and pending patents to 135. The 43 patents issued in FY 2016 quadrupled the company's previous record of patents issued in any other year.

Tyfone's prior financing round was led by RPX Corporation (RPXC) a leading provider of patent risk solutions. Other participating investors included In-Q-Tel (www.iqt.org) and Steve Pawlowski, Vice President of Advanced Computing Solutions at Micron Technologies and a former Senior Fellow at Intel Corporation. Most notable among individual investors is retired General David Petraeus.

"Tyfone has a long track record of developing cybersecurity technologies that are used to secure identity, transactions and other communications across all digital platforms, including mobile devices, computers and IoT," according to Tyfone co-founder and CEO Dr. Siva G. Narendra , Ph.D. "Our record number of patents spanning the USA, Europe, and Asia-Pacific demonstrate our aggressive focus on providing innovative solutions that solve customer problems."

"Our intellectual property portfolio continues to deliver significant value for customers across financial services, enterprise, government, and IoT," adds Tyfone's Chief IP Counsel, Dana LeMoine, who heads up Tyfone's patent initiatives. "For example, Tyfone's innovative technologies enable financial institutions to provide their customers with trusted, secure mobile and online banking solutions that have the highest level of security available in the market. Providing the highest levels of security and convenience across an increasingly connected world requires a unique blend of software & hardware innovation that can be easily adapted to solve challenges across a variety of industries & markets," Mr. LeMoine concluded.

About Tyfone
Tyfone is a leading provider of digital security platforms to secure identity and transactions. Tyfone solutions bring both security and convenience in the hyper-connected digital world of cloud, mobility and IoT (Internet of Things) where legacy digital security methods have proven to be ineffective. Protected by over 130 issued & pending patents, the company's secure solutions serve key industries such as financial services (including two of the Top 10 credit unions), converged security for enterprises, government, and the Internet of Things (IoT). Tyfone's digital security solutions are used by over a quarter of a million users. The company is headquartered in Portland, Oregon and also has operations in Bangalore, India.

For more information, visit https://tyfone.com.