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USTelematics acquire U.S Patent
USTelematics have aquired the U.S. Patent Number 7,079,633, which is a high security digital media watermarking algorithm.
The announcement comes as part of a deal for an exchange, for UTLM stock valued at $1.50 per share.
USTelematics, Inc believes that corporate organizations are afraid of the possible implications of the growth of online services, such as IPTV, fearing that the same will happen to Video as what happened to music.
The above refers to de-monetizing their programming assets, due to threats from pirate activities.
USTelematics will use the watermark to battle against fraud, such as piracy, as it contains identification of the MAC address or unique identifier from where video is being distributed, or in summary, fully locatable.
The watermarking algorithm, wasn’t a development of USTelematics, it was developed by the University of Miami College of Engineering, and in turn bought by Leventhal in 2005.
Since then, the agreement from Leventhal is to issue the shares to USTelematics for $1.50 per share, although a formal arrangement and agreement has not yet been processed via the UTLM Board of Directors.
USTelematics continues to strengthen its futuristic and technological portfolio, with its latest acquisition, the digital media watermarking algorithm.
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