GoIP Global (GOIG) LOI With Worldlink Relates to US Patent #7,194,468 – Apparatus and A Method for Supplying Information
Marketwire “Press Releases “
NEW YORK, NY — (MARKET WIRE) — 10/26/10 — GoIP Global, Inc. (PINKSHEETS: GOIG) ( FRANKFURT : 3GG) today provided information on the Patent Asset owned by Worldlink UK which US rights have been assigned to Worldlink’s US subsidiary. The UK patent was granted on 13 November 2001 (patent number GB2358768B). Subject to payment of all appropriate renewal fees, this patent will remain in force until 26 May 2020 . In addition to the UK patent, there is a European patent (application number 00950122.2) pending that was published on 13 April 2000 to cover 19 countries. In the US, patent number 7,194,468 was filed 13 April 2000 and granted on 20 March 2007 .
Briefly the patent relates to the supply of real time information to subscribers via a mobile telecommunications network and in particular, the sending of an initial set of data to a subscriber and to subsequently sending only changes to the original data set as and when a change occurs. This allows a fast update of the desired information despite the narrow bandwidth of the mobile telecommunications network such as the GSM standard.
There are 5 key elements of the patented process which can be very briefly summarized as below:
The process is over a mobile telecommunications network.
The user creates their own “account” or “profile.”
All profile data is sent when the user first connects.
Only the changing data is sent thereafter.
The data is sent automatically.
The central features of the patent are that it relates to the mobile telecommunications network and that receipt of change data is automatic. The data can be received by any mobile telecommunications device such as Phone, BlackBerry or iPhone. Potential markets of the patent are wide reaching, in particular for use within the financial services market whereby a subscriber can set up their own portfolio of shares for example, and receive automatic updates for any movement in the share price of those companies established within the original profile. Other potential markets include sport, and the company has had a particular focus on the horseracing sector, sports data, internet TV and so on.
The ongoing technological development of mobile broadband is significantly opening the opportunities to exploit the patented technology. The patent has been confirmed as effective across some 20 different mobile technologies including 3G, 4G, etc.
Neil Riches , CEO of Worldlink , UK , commented, “It has been suggested to us that the patent is worth hundreds of millions of dollars and it’s not difficult to see why that is the case. In the last ten years generally and especially in the last two years, the market for changing mobile data has exploded as mobile bandwidth has increased, cost of data transfer has fallen and of course as smart phones have become increasingly the norm. The new rush to tablet devices like the iPad gives another jolt of energy to an already vibrant market. The patented methodology remains the most effective and efficient process for transmitting changing data in real time.”
Ike Sutton , GoIP’s CEO, stated, “We could see the exceptional value in the Worldlink technology as soon as we read the patent and certainly believe that its value is substantial, in the order of hundreds of millions of dollars as Neil is suggesting. The technology is so fundamental to this major market we can only see the value increasing with time as the market grows. It’s great news for GOIG to be part of this developing story.”