LAS VEGAS, April 13, 2011 /PRNewswire/ -- Broadcast International, Inc. (OTC Bulletin Board: BCST) today announced at the National Association of Broadcasters (NAB) conference that it has been ranked in the top one percent of over 4,000 companies for IP leadership, as determined by MDB Capital's PatentVest evaluation methodology. PatentVest provides technology analyses for MDB Capital's institutional investor clients.
Christopher Marlett, CEO of MDB Capital Group commented by saying, "Broadcast International's embedded IP value and demonstrated innovation places it in the top 10% of the approximately 1500 technology companies trading below $500MM in market value as ranked by our proprietary IP intelligence database called PatentVest. Our research has shown that this elite group of companies demonstrating above average PatentVest metrics, such as PatentVest Tech Score and the compound annual growth rate (CAGR) of patent applications, has significantly outperformed their publicly traded peers. In addition, companies in this group have demonstrated higher margins and more sustained growth."
According to Rod Tiede, President and CEO of Broadcast International, " We are proud of the Five Star Value Rating from PatentVest. The other companies with this distinction have a median market value in excess of $900 million."
The primary selection metric used for PatentVest's Tech Score, MDB's proprietary measure of the industry impact of a company's patents based upon the analysis of patent citations relative to its peer group of patents. According to MDB, PatentVest is the product of over $4 million and 75,000 man-hours of development to build the most powerful patent database, search engine and analytic platform in the world. It covers over 4,000 public and private companies, 4 million U.S. patents and 2 million U.S. patent applications. The selection process also included an analysis of a company's three-year Patent Application CAGR, the number of patents granted, patent applications on file and Application Conversion Ratio.
Tiede also said development of additional Intellectual Property will continue to be a priority for our company. "Our core values consist of an innovative spirit, providing our employees with an environment to be creative and our team's commitment to consistently increase value for our shareholders."
About Broadcast International, Inc.
Broadcast International is a leading provider of video-powered broadcast solutions, including IP, and digital satellite, Internet streaming and other types of wired/wireless network distribution. BI's patented CodecSys software is a breakthrough, multi-codec video compression technology that cuts video bandwidth requirements over satellite, cable, IP and wireless networks. By slashing bandwidth needs, CodecSys enables a new generation of applications such as streaming video to cell phones, and offers unprecedented price/ performance benefits for existing applications such as HD video.
All statements in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the caption "Additional Factors That May Affect Our Business" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto. In addition, we operate in a highly competitive and rapidly changing environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise any forward-looking statement.
SOURCE Broadcast International, Inc.