TUCSON, Ariz., March 31, 2016 /PRNewswire/ --
On March 18, 2016, AudioEye, Inc. (OTCQB: AEYE) ("AudioEye" or the "Company") filed United States Patent Application Serial No. 15/074,818 entitled "Modular Systems and Methods for Selectively Enabling Cloud-Based Assistive Technologies" in the U.S. Patent and Trademark Office (USPTO). "This patent filing reflects our ongoing commitment to investing in our technology. Significant technological advancements covered in this patent are also reflected in the latest version of our platform. Our goals are to be purposeful and inclusive, helping our customers to meet internationally accepted standards for web accessibility and enabling them to reach the broadest audience possible," stated Sean Bradley, President and CTO of AudioEye.
In April, AudioEye will release an updated product (Ally+ Toolbar V3) incorporating many of the technical components outlined in the patent filing.
Executive Summary of the Patent Filing
The "omnibus" patent application consists of 54 pages of specification including 41 claims, plus 13 drawing figures. In accordance with USPTO practice, AudioEye will now file multiple divisional applications, each focusing on a distinct invention (or group of related inventions) and claiming priority to the omnibus application. AudioEye expects to prosecute these applications into, approximately, six issued patents over the next two to three years.
About AudioEye, Inc.
Incorporated in 2005, AudioEye provides enhanced web access and usability for its clients' customers through AudioEye's Ally™ platform. The Ally+ product allows AudioEye's clients to reach more customers, build more brand loyalty, retain more customers and secure more repeat business.
AudioEye's common stock trades on the OTCQB under the symbol "AEYE". The Company maintains offices in Tucson and Atlanta.
Any statements in this press release about AudioEye's expectations, beliefs, plans, objectives, prospects, financial condition, assumptions or future events or performance are not historical facts and are "forward-looking statements" as that term is defined under the federal securities laws. All references to the Company's target 2016 operating and financial results are forward-looking. These statements are often, but not always, made through the use of words or phrases such as "believe", "anticipate", "should", "intend", "plan", "will", "expects", "estimates", "projects", "positioned", "strategy", "outlook" and similar words. You should read the statements that contain these types of words carefully. Such forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what is expressed or implied in such forward-looking statements. In particular, forecast operating results may be affected by a number of risks. These risks include our limited history closing significant customer contracts and deriving revenue therefrom; our limited financial resources and our need to raise additional capital to continue to grow; our highly concentrated base of customers, such that the loss of any single customer would have a material adverse impact on our business and operating results. There may be events in the future that AudioEye is not able to predict accurately or over which AudioEye has no control. Other risks are described more fully in AudioEye's filings with the Securities and Exchange Commission. Forward-looking statements reflect management's analysis as of the date of this press release and AudioEye urges you not to place undue reliance on these forward-looking statements. AudioEye does not undertake any obligation to release publicly any revisions to such forward-looking statements to reflect events or uncertainties after the date hereof or to reflect the occurrence of unanticipated events.
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SOURCE AudioEye, Inc.