Tintra PLC Update on US Patent Applications (7542O)
02 Février 2023 - 12:00PM
UK Regulatory
TIDMTNT
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 , 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
(Communications Head)
Hannah Haffield
h.haffield@tintra.com
Website www.tintra.com 020 3795 0421
Allenby Capital Limited
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss / Vivek
Bhardwaj 020 3328 5656
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