Linius Technologies strengthens its U.S. patent portfolio
07 Feb 2017
The company has developed a disruptive video technology.
Linius has been granted two additional U.S. patents
The Melbourne-based company has developed a disruptive video technology that converts cumbersome, legacy videos into interactive, virtual videos.
The new patents for ‘Method and System for Content Delivery’ have now been granted to Linius.
These U.S. patents are continuations of Linius’ core patent, which was granted in November 2014, and provide extra protection for the client-side and server-side functions of its core invention.
Client-side functions include playing a virtual video file, and in particular the ability to play out a single stream from multiple original sources.
Server-side functions include indexing, creation of the virtual video file, and inclusion in the virtual video file support for extended features such as billing, customer feedback and interactivity.
Linius is currently focusing on establishing four divisions in the U.S., with the recruitment on track.
The commercialisation plans are for its video technology, initially targeting four video industry sectors.
Linius’ share price has increased about 14% since the start of 2017, last trading at A$0.05.
The company is well funded with a cash balance of A$2.8 million as at 31 December 2016.
About Linius Technologies Limited
Linius Technologies Limited (ASX: LNU) is a developer of disruptive video technology.
Linius’ patented Video Virtualization Engine™ converts cumbersome, legacy video into interactive, virtual video.
Based in Melbourne, Australia, it seeks to commercialise its patented Video Virtualization Engine™ — cut costs and boost revenues across the multi-billion dollar video industry.
Linius has the potential to transform many market segments and is initially focused on 1. Delivering personalised advertising solutions for broadcasters, 2. video security and reduced piracy, 3. enhancing search engine monetisation, and 4. security-service applications.
For more information, please contact:
Chris Richardson Rod North
Chief Executive Officer Bourse Communications Pty Ltd
T: +61 3 9607 8234 T: +61 3 9510 8309 M: +61 408 670 706
E: Info@linius.com E: email@example.com
Taylor Rafferty, LLC
Eric Ando, Associate