AUSTIN, Texas, Feb. 23 /PRNewswire-FirstCall/ -- Nano-Proprietary, Inc.
(OTC Bulletin Board: NNPP) through its subsidiary, Electronic Billboard
Technology, Inc. ("EBT") announced that its U.S. Patent Application No.
09/553.012 entitled "System and Method for Selling Advertising Space on
Electronic Billboards over the Internet", covering all indoor and outdoor
electronic displays, has been allowed. This patent application was originally
filed April 20, 2000 with a priority date of April 22, 1999.
The allowed claims relate to methods, systems, and computer programs that
facilitate displaying advertising information on multiple indoor and outdoor
electronic billboards, displays, and other types of electronic signage. These
claims relate to electronic displays managed using a network of information
handling, transmission, and control systems communicating with each other
using the internet or a computer program.
For example, claim 23 of the patent covers the concept of managing, from a
remote location, the information to be displayed on a network containing
multiple electronic displays, including the ability to control the time,
duration, and the display location of the advertising. The claim also covers
the method of paying for the advertising as part of the process.
Several claims also deal with computer programs developed to manage the
information, including claim 41 which deals with computer programs designed
to: receive content, receive a designation of a target display device to
display the content, receive a designation of a time to display content, and
to provide information on the date and time availability of target display
"We are pleased that this seminal patent has been allowed," said Marc
Eller, Chairman and CEO of Nano-Proprietary, Inc. "With the explosion of
digital advertising, this patent has tremendous value and should begin
generating revenue in the very near future."
Digital advertising networks have experienced exponential growth in recent
years and now are a multibillion dollar market. This patent applies to any
situation when the placement of digital ads is remotely controlled using the
internet or a computer program. Examples could include indoor and outdoor
advertising, including high traffic locations such as airports or train
stations, indoor and outdoor sports arenas, digital point of purchase and
other advertising in national, regional, and local retailers, as well as other
high-traffic locations. In addition to this allowed patent application in the
U.S., Nano-Proprietary, Inc. has similar patent applications pending in
Europe, Canada, Korea, and Japan.
Nano-Proprietary's business model is to license its intellectual property
to others, or to combine its resources with industry leaders to deploy the
technology that results from that intellectual property. We will consider all
options and business models that relate to this patent in order to maximize
shareholder value, but we expect revenue generated by this patent to be
related to advertising displayed on devices using methods covered by this
Safe Harbor Statement
This press release contains forward-looking statements that involve risks
and uncertainties concerning Nano-Proprietary's business, products, and
financial results. Actual results may differ materially from the results
predicted. More information about potential risk factors that could affect our
business, products, and financial results are included in Nano-Proprietary's
annual report on Form 10-K/A for the fiscal year ended December 31, 2004, and
in reports subsequently filed by Nano-Proprietary with the Securities and
Exchange Commission ("SEC"). All documents are available through the SEC's
Electronic Data Gathering Analysis and Retrieval System (EDGAR) at
http://www.sec.gov or from Nano-Proprietary's web site listed below. Nano-
Proprietary hereby disclaims any obligation to publicly update the information
provided above, including forward-looking statements, to reflect subsequent
events or circumstances.
About Nano-Proprietary, Inc.
Nano-Proprietary, Inc. is a holding company consisting of two wholly-owned
operating subsidiaries. Applied Nanotech Inc. is a premier research and
commercialization organization dedicated to developing applications for
nanotechnology with an extremely strong position in the field of electron
emission applications from carbon film/nanotubes, sensors, functionalized
nanomaterials, and nanoelectronics. Electronic Billboard Technology, Inc.
(EBT) possesses technology related to electronic digitized sign technology.
The Companies have over 200 patents or patent applications pending. Nano-
Proprietary's business model is to license its technology to partners that
will manufacture and distribute products using the technology. Nano-
Proprietary's website is http://www.nano-proprietary.com .
Chief Financial Officer
William J. Spina
SOURCE Nano-Proprietary, Inc.