Canada Issues Patent to USVO for Store-and-Forward Video Technology; Canada is 7th Country to Recognize Pioneer Digital Video Patent.Business & Technology Editors MYSTIC, Conn.--(BUSINESS WIRE)--June 26, 2001 USA Video Interactive (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : USVO; CDNX CDNX See Canadian Venture Exchange (CDNX). : US)(www.usvo.com) has received notice from the Canadian Intellectual Property Office The Canadian Intellectual Property Office (CIPO) is the patent, trademark, and copyright administration body of Canada. See also
CIPO Canadian Immunodeficiencies Patient Organization CIPO CINC Interoperability Program Office CIPO Chief Intellectual Property Officer CIPO Critical Infrastructure Protection Officer ) that CIPO has issued Patent # 2,064,111 to USVO, covering its store-and-forward video technology. http://patents1.ic.gc.ca/details?patent_number=2064111&language=EN_CA The patent is virtually identical to U.S. patent, # 5,130,792, issued July 14, 1992 by the US Patent and Trademark Office. This U.S. patent is considered a pioneer patent in the field of video-on-demand and Internet video Video material obtained from the Internet. It may refer to streaming video from real time broadcasts, streaming archival material or downloading video files for watching later, all of which are viewed on the computer. , and has been cited by at least 145 other patents. In addition to its patents in Canada and the U.S., USVO holds similar patents in England, France, Spain, Italy and Germany and has the patent pending in Japan. USVO has retained the international law firm Sullivan & Worcester to represent the patent in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and currently is considering several options for handling the patent in Canada and Europe. "We are very pleased with this patent in Canada," said Edwin Molina, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of USVO. "It strengthens our position and marketing in Canada and is important to our company and our shareholders. We fully intend to take a vigorous approach with regard to the Canadian patent." "We believe the technology covered by this patent is a significant contributor to the enormous growth in the popularity of the Internet," said Molina. "As such, it is a critically important asset to our company that will allow us to further extend our market reach and to provide even more valuable services to our strategic partners." About USA Video Interactive USA Video Interactive is an international designer and supplier of high-tech Internet streaming video and video-on-demand systems, services and innovative end-to-end solutions. Its StreamHQ(TM) media delivery services are focused on creating revenues for customers and reducing their Internet costs. StreamHQ(TM) encompasses the entire media experience from source to viewing, including content production; content encoding; asset management; media and application hosting; multi-mode content distribution; and transaction data capture, reporting and analysis. StreamHQ(TM)'s design leverages the capabilities of the Internet while bypassing its latencies, with high availability, reliability, flexibility, scalability and cost-effectiveness. USVO holds the pioneering patent for store-and-forward video, filed in 1990 and issued by the United States Patent and Trademark Office The United States Patent and Trademark Office (PTO or USPTO) is an agency in the United States Department of Commerce that provides patent protection to inventors and businesses for their inventions, and trademark registration for product and intellectual property on July 14, 1992. It has been cited by at least 145 other patents. USVO holds similar patents in England, France, Spain, Italy and Germany, and has patents pending in Canada and Japan. The USVO patented video technology gives users full-motion video; the flexibility of standard, VCR-like controls; and the convenience of a standard internet-browser format for access. It provides video images significantly faster and at a higher degree of resolution than with previously available methods; significantly overcomes bandwidth restrictions; and eliminates the blockiness and slowness of current technologies. USVO is developing patented Wavelet compression technology that will further enhance the company's ability to deliver unique capabilities as part of StreamHQ(TM). For more information, visit www.usvo.com USA Video Interactive Corporate Headquarters Office: 70 Essex Street; Mystic, CT 06355; (800) 625-2200; (860) 572-1560. Canada Office: 837 West Hastings Street; Suite #507; Vancouver, B.C. V6C 3N6. Trading symbol Trading symbol See: Ticker symbol on the OTCBB: USVO; Trading symbol on The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) : US. Standard & Poors Listed. CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. 902924208. The Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. For more information contact: Kevin Yorio, 860-572-1560; info@usvo.com This press release may contain forward-looking statements. Actual results may differ materially from those projected in any forward-looking statement. Investors are cautioned that such forward-looking statements involve risk and uncertainties, which may cause actual results to differ from those described. |
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