WILMINGTON, Del., May 4, 2017 /PRNewswire/ -- TMM, Inc. (OTC PNK: TMMI) ("TMMI" or the "Company"). TMMI announces Gerard V. Cavanaugh's retirement. Mr. Cavanaugh has submitted his resignation as President and Director of TMMI to the Board of Directors effective immediately and will continue to provide assistance in transition for the company. TMMI and it Board of Directors thank Mr. Cavanaugh for his service to TMMI during its critical time of corporate development.
TMMI, the parent company, has completed development of new and distinctive digital compression and scaling technologies unrelated to the original fractal technology or any subsequent applications of that code. TMMI's new non-fractal technology includes proprietary algorithms incorporated in provisional patent applications filed by TMMI in 2015. In all, TMMI has filed five (5) patent applications involving its new technologies. As a result, TMMI is directing its resources to further developing, refining and integrating its superior new technologies in the market for a 2017 roll out.
TMMI's board, senior management and engineering team believe the new TMMI technologies to be superior to any comparable technology on the market today.
About TMM, Inc.
About TMM, Inc.
TMM, Inc. (OTC PNK: TMMI) is a technology company headquartered in Wilmington, Delaware, specializing in digital video compression, video scaling and image management. Founded in 1990, the company is dedicated to improving bandwidth utilization and video image quality. TMMI develops digital video compression and scaling technologies that provide end-to-end workflow and distribution solutions for digital cinema; streaming media; cable TV; sports; mobile; intelligence, surveillance and reconnaissance; defense; security; medical imaging; space exploration; video game applications; training and distance learning.
Safe Harbor Statement:
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SOURCE TMM, Inc.