New Patent Rights to Protect Audio Publishing Features and Provide Broad Protection Across Multiple Markets in Forthcoming Audio Internet(TM) Release
TUCSON, AZ--(Marketwired - Jul 31, 2013) - AudioEye®, Inc. (OTCQB: AEYE), creator of the Audio Internet™, the patented audio browsing and automated publishing technology platform, today announced that the United States Patent and Trademark Office has issued a Notice of Allowance for AudioEye's continuation patent filing "System and Method for Creating Audio Files". The Company received notification on Tuesday, July 30, 2013 from patent counsel Patton Boggs that it had received the Notice of Allowance. AudioEye's counsel is finalizing the requirements for patent issuance and will inform AudioEye when the formal patent number has been issued -- a process that usually takes between one and three months to complete.
The term of the patent was lengthened by 997 days under 35 U.S.C. 154 (b), thereby extending its expiration date to the year 2026. The Company is also pursuing international patent applications corresponding to this allowed U.S. patent application.
The new patent adds 20 new claimed inventions, with a priority date of August 8, 2003, and further expands AudioEye's coverage in the field of automated Internet multi-format multimedia publishing. The technology allows users to continue publishing their Internet content and applications through their systems and via automated means, as AudioEye's cloud-based software platform enables the creation of a mirror image of published content in a completely audio format. Complete with audio navigation, the functionality of any AudioEye-enabled website or mobile site can be accessed without the use of traditional point-and-click technologies. End users are able to access all content, functionality and transactional components of AudioEye-enabled sites without having to use a monitor or mouse. Brands and publishers are able to engage in a dialogue with consumers and other relevant audiences, while website users benefit from mobile, accessible and usable experiences in an audio format.
"As the scope and depth of our platform continues to expand with innovative new technologies designed to allow websites to become more accessible, mobile and compliant with the 21st Century Communications Act, we will continue to patent our innovations," commented Nathaniel Bradley, Chief Executive Officer of AudioEye, Inc. "We are pleased to receive this latest Notice of Allowance, which provides further evidence of AudioEye's early Internet initiatives and pioneering tenure in this rapidly emerging market."
Nathaniel Bradley is the named inventor on all six of AudioEye's issued patents that are foundational to the Company's software as a service (SaaS) product line called the Audio Internet. The Audio Internet is a software service that allows any publisher to provide Internet users with a fully audio, narrated, hands-free and vision-free version of its website. By making Internet content available to users that are challenged by language barriers or disabilities such as dyslexia, autism, and low vision, in a searchable captioned multi-media format, the Audio Internet provides solutions to key issues that companies and government agencies face on a global scale.
Sean Bradley, AudioEye's Chief Technology Officer and Co-Founder, stated, "Our proprietary set of audio publishing technologies continues to add to the pedigree of AudioEye's technology platform and sets us apart from anything available in today's marketplace. Our intellectual property portfolio continues to expand, protected by an increasing number of patents, thus strengthening AudioEye's position as the sole source of new and exciting Internet mobility, accessibility, and usability solutions. It is our objective to maximize the value of these U.S. patent rights through the execution of our business plan within identified target markets. Our programing interface will accelerate website publishers' ability to afford, benefit from, and fully comply with federal, state and local requirements pertaining to the accessibility mandate of the 21st Century Communications Act."
About AudioEye
Founded in 2003, AudioEye, Inc. has developed patented Internet content publication and distribution software that enables the conversion of any media into an audio-accessible format and allowing for real-time distribution to end-users on any Internet-connected device. The focus of the Company is to provide solutions to create better and more comprehensive access to the Internet, print, broadcast and other media, irrespective of an individual's network connection, device, location, or impairment. AudioEye solutions also provide comprehensive E-Learning and E-Commerce systems, along with a variety of Internet publishing products and services.
The Company is headquartered in Tucson, Arizona, and its common stock trades on the OTCQB under the symbol "AEYE".
AudioEye, Inc., Audio Internet and AudioEye are Registered Trademarks of AudioEye, Inc., All Rights Reserved. The systems and technologies described herein are protected all or in part by US7966184, US7653544, US8046229, US8296150, US8260616 and patents pending in the U.S. and Internationally. These products enable AudioEye's customers to create and deliver highly scalable accessible voice browsing applications. For more information, please visit www.audioeye.com or call 866.331.5324
Forward-Looking Statements
This release includes forward-looking statements contained within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our Form 10-K and other reports filed with the SEC. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.