Update on US Patent Applications
02/02/2023 11:00
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RNS Number : 7542O Tintra PLC 02 February 2023
2 February 2023
TINTRA PLC
("Tintra", the "Group" or the "Company")
Update on the US Patent Applications to Protect Web3 Intellectual Property
The board of directors (the "Board") of Tintra (https://tintra.com/) , the
fast-growth Deep Tech & Banking business, is pleased to announce it has
received a material update on its patent applications with the United States
Patent & Trademark Office (the "USPTO"), first announced on 11 July 2022
(the "Patents").
The USPTO has now indicated that the original filings for the two Patents
contained multiple, not single as originally expected, inventions. As such,
and in pushing forward to legally protect Tintra's innovations in AML, KYC and
Web 3.0 technologies, Tintra has this week sought independent patent
protection for each of these different inventions and, consequently, its
patent portfolio in the US is anticipated to be for an increased number of
patents than originally envisaged, although the final number is not yet clear.
This is in addition to the continuing research and development efforts that
will spawn other new protectable concepts suitable for national or
international patent rights. In one of the two original US filings, the USPTO
has in this latest correspondence indicated that there is indeed allowable
patentable subject-matter. In accepting this statement from the USPTO Tintra
anticipates that it is likely to receive its first granted US patent by May
2023, although timing and success is not certain. The Company will provide a
further announcement as and when appropriate.
Dr Davy Smith, the Company's Chief Innovation Officer, said: "Due to the
highly innovative and complex nature of the infrastructure that we are
creating to enable future regulated identity systems, using web 3.0
technology, we were aware that there would be a requirement for multiple
inventions to be ultimately filed.
This positive feedback from the USPTO has now confirmed these initial
thoughts, and this now gives us a strong base from which my team can build our
web 3.0 patent portfolio upon, which based on this news today we now expect to
be adding to signifgantly over the coming months."
For further information, contact:
Tintra PLC 020 3795 0421
(Communications Head)
Hannah Haffield
h.haffield@tintra.com
Website www.tintra.com
Allenby Capital Limited 020 3328 5656
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss / Vivek Bhardwaj
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