Fobi AI Granted USA Patent for Its IoT Hardware
VANCOUVER, BC, March 21, 2023 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that the company has been granted a USA patent for its IoT hardware.
Rob Anson, CEO of Fobi, states: “We have developed extremely valuable tech and continue to work hard to protect that technology and keep the product moat that we have created as visionaries and early movers.
I have always been about future-proof solutions and this is exactly the approach we took with the specific claims and filings we made in our original patent submissions. Not only does the overarching value of our solutions significantly increase as a result of being granted our first patent, but I believe this successful grant can help us create even more value as numerous industries and applications have rapidly evolved and deployed over the last few years, and companies simply would not have been aware of our original filing and now patent. This scenario can provide a means to generating additional organic license fees and several new business opportunities.”
POINT-OF-SALE SYSTEM AND METHOD
The Fobi hardware device is used for agnostic receipt capture, providing edge to cloud computing and injection of coupons, QR codes, and other various real-time, personalized marketing intelligence offerings for POS systems.
The company’s patent application covers:
Fobi’s recently granted patent in the USA creates favourable outcomes to be anticipated for similar patents pending in Canada and Europe.
GRANTING OF USA PATENT FOR FOBI IOT HARDWARE PROVIDES SEVERAL KEY IMPLICATIONS FOR RETAIL BUSINESSES
The business implications of the company’s IoT technologies include:
This press release is available on the Fobi website.
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Fobi works with some of the largest global organizations across retail & CPG, insurance, sports & entertainment, casino gaming, and more. Fobi is a recognized technology and data intelligence leader across North America and Europe, and is the largest data aggregator in Canada's hospitality & tourism industry.
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