CounterPath Named "Best & Brightest" by MDB Capital Group
VANCOUVER, Feb. 22 /PRNewswire/ - CounterPath Corporation (TSX-V: CCV;OTCBB: CPAH) announced today that it has been named as one of MDB Capital Group's "Best & Brightest" for 2011, an annual list of companies who ranked above the 90th percentile for technology leadership from more than 1,500 small cap companies with U.S. patents granted. MDB Capital Group's "Best & Brightest" list of companies is drawn from the populace of public companies that hold at least one U.S. patent and that have a market capitalization under $500 million dollars.
The MDB list identifies companies with an above average three-year growth rate for patent application filings (a measure of innovation), an above average PatentVest1 Tech Scores (a measure of patent quality) and low PatentVest citation ratios (a measure of value). Further, according to research conducted by MDB Capital Group, these elite groups of companies have significantly outperformed their publicly traded peers and have demonstrated higher margins and more sustained growth.
CounterPath's current IPR portfolio includes 24 patents, patent applications and exclusive patent rights, that expand the protection available to service providers with exclusive license protections for CounterPath's fixed-mobile convergence (FMC) technologies.
Today, with the mobile VoIP market is sitting at 15 billion minutes and poised to reach 470 billion minutes by 2015 (Juniper Research) and companies like Skype, whose VoIP service now accounts for over 20% of international VoIP calling minutes (TeleGeography), the market is recognizing the value of VoIP and mobile softphone solutions. This puts CounterPath in an advantageous position to capitalize on the market opportunity with its suite of desktop and mobile VoIP products and the patented technology behind it.
"We are extremely pleased to be recognized as one of this year's innovative technology leaders by MDB Capital," said Donovan Jones, President and Chief Executive Officer, CounterPath. "Receiving recognition for the value of our patent portfolio reinforces our view that our patents provide CounterPath with a competitive and strategic advantage in building, selling and deploying innovative desktop and mobile VoIP applications to enterprises and consumers."
MDB Capital's recognition of CounterPath's innovation and leadership exemplifies the company's commitment in bringing technologies to market that are highly differentiated for its partners and customers. Within the past two years CounterPath has received significant patent grants that cover the burgeoning Mobile VoIP and FMC segments. Both segments are expected to generate billions in revenue over the next three years. These patents include:
- Announced October 5, 2010: U.S. Patent # 7,809,381 - "Presence Detection for Cellular and Internet Protocol Telephony" which enables services such as least-cost routing and minimizes dropped calls by streamlining the process of transferring calls from the cellular macro network to Wi-Fi or a femtocell.
- Announced September 28, 2010: U.S. Patent # 7,804, 821 - "Circuit Switched Cellular Network to Internet Calling with Internet Antennas" which enables a single identity to be assigned to multiple devices and specifies how to route communication services to those devices.
- Announced March 10, 2009: U.S. Patent # 7,502,615 - "Handoff for Cellular and Internet Protocol Telephony" which enables users to roam between mobile and IP networks seamlessly, allowing active calls to be handed off faster.
For more information on our products and patented technology visit www.counterpath.com.
1 PatentVest is MDB's proprietary, intellectual property (IP), business intelligence database.
CounterPath Corporation is an award-winning provider of innovative desktop and mobile VoIP software products and solutions. CounterPath's product suite includes SIP-based softphones, server applications and Fixed Mobile Convergence (FMC) solutions that enable service providers, enterprises and Original Equipment Manufacturers (OEM) to cost-effectively integrate voice, video, presence and Instant Messaging (IM) applications into their VoIP offerings and extend functionality across both fixed and mobile networks.
CounterPath's customers include some of the world's largest telecommunications service providers and network equipment providers including AT&T, Verizon, BT (British Telecommunications PLC), mobilkom Austria, Avaya, Cisco Systems, Metaswitch Networks and Mitel.
For more information please visit www.counterpath.com.
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SOURCE CounterPath Corporation