LAS VEGAS, Dec. 9, 2013 (GLOBE NEWSWIRE) -- Xumanii (DBA Imerjn) (OTCQB:XUII), announced that it has acquired a patent that enables standards independent transaction processing. The company believes that the patent will primarily be applied to transaction processing in mobile devices but the patented technology is not limited to mobile transactions.
Imerjn has acquired US Patent 7,737,848. The patent title is "Method and middleware for standards agnostic transaction processing". The patent relates to the invention of a methodology that enables standards agnostic transaction processing. The Company believes that the invention will be useful for mobile communications companies, mobile device manufacturers and software companies that provide transaction processing solutions.
Imerjn CEO, Adam Radly, said, "This is a significant milestone in our Company's development. The acquisition of this patent gives us the opportunity to become part of the foundation of the mobile transactions processing industry. As the number of devices that need to talk to each other increases there will be increasing demand for standards agnostic transaction processing."
The patent portfolio covers a middleware that can receive information from multiple input devices using different communication protocols, convert this information into a standard scheme, process it using a set of user-defined codes, and output the information to any output device. The middleware system has potential uses in multiple fields including cellular technology, Bluetooth communication, signal processing, RF communication and many others. The primary advantage of the patented technology is that being standards agnostic does not significantly affect its processing speed or cost.
The technology protected by this patent portfolio can be practically applied to almost every signaling scheme available today. These schemes may include RF signaling (cellular signals, NFC RF signals, Bluetooth signals, RFID tag scanning); visual sensing (e.g.bar-code scanning and infrared signaling) and magnetic sensing (e.g. magnetic strips and smartcards).
One of the potential applications of this technology is the developing "Internet of Things" where it is expected that every object will become identifiable and capable of communicating information. Governance, standardization and interoperability, however, have to be taken into account to visualize such a system and this patented technology can be of great utility in solving these issues.
The Company plans to attempt to license the technology to participants in the mobile transaction industry. In the event that these participants choose not to license our technology and we have reason to believe that they are infringing on our patent we will consider litigation on a case by case basis.
Potential licensees include: Microsoft, Apple, IBM, LG, Nokia, Wells Fargo, Huawei, Verizon, HTC, T-Mobile, Motorola, NEC, JP Morgan Chase, Samsung, Sony Ericsson, British Telecommunication, Toshiba, Sprint, Walmart, AT&T, MasterCard, American Express, Google, Intel, PayPal, Texas Instruments, Visa, Qualcomm.
The patented technology will be useful in applications that use Near Field Communication (NFC) such as social networking via file sharing, mobile gaming or electronic money transfer. NFC also supports ecommerce with enhanced transaction speed and accuracy. Juniper research predicts that 1 in 5 smartphones worldwide will be NFC enabled by 2014 and that global NFC retail transaction values are expected to reach $110 billion in 2017.
About Imerjn
Imerjn (XUII), formerly known as Xumanii International Holdings Corp is a development stage company that develops and sells mobile software and hardware solutions. For more information please visit the company website at: http://www.imerjn.com. Contact: Adam Radly, info@imerjn.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
