Image Protect Announces Significantly Expanded Strategic Partnership with KodakOne
20 Novembre 2019 - 4:00PM
InvestorsHub NewsWire
Image Protect
Announces Significantly Expanded
Strategic Partnership with
KodakOne
SAN CLEMENTE,
CA -- November
20, 2019 -- InvestorsHub NewsWire -- Image Protect Inc. (OTC:
IMTL) (imageprotect.com) ("Image Protect", "IMTL", or the
"Company"), a global leader in the
end-to-end copyright infringement sector, is excited to
announce a
significant expansion in the terms of the Company's
strategic
partnership (the "Partnership") with RYDE Holding ("RYDE"), the
creator and operator of the KODAKOne Image Rights Management
Platform,
to include digital image rights infringement cases inside of the
United States domestic market.
The Partnership
had
previously been structured for non-US international case settlement
only.
"This is a large expansion in
the scope of our intial Partnership with
KodakOne," commented Matthew Goldman, CEO of Image
Protect. "The US infringement case
load is a major addition
to the flow of
settlement opportunities."
As a result of the expanded
scope of the Partnership, the Company has agreed to
transfer data representing US client
cases through an API system
encompassing
roughly
700,000 additional
images and
approximately 300,000 additional
infringement
sightings.
This represents a substantial
increase in the Partnership, which originally targeted
only International Infringement cases and was expected to be
limited to approximately $5 million in associated revenues,
according to projections made by the KodakOne team at the time of signing. The
additional case load associated with the US domestic infringement
market is expected to significantly expand all facets of the
Partnership.
"Our philosophy is pretty
straight
forward here: when something
has
obviously
become a
working
formula,
do
more of
it," continued Mr. Goldman.
"We took a look at how well
this relationship was working, particularly in terms of
how
seamlessly we have adapted in the back-end platform technology,
and the
integration just seemed like a
natural
evolution to expand the
size and
scope to
include a
larger piece of the market."
About Image Protect
Image Protect protects and
monetizes creative works. By uniting technology with a team of
copyright experts, we ensure that content providers preserve the
value of their digital assets. Our web application monitors the
global Internet to seek and collect evidence for illegally used
visual content. Then our legal partners across North America,
Europe, and Asia ensure our clients receive appropriate
compensation for work used without valid license.
Safe Harbor
Provision
Cautionary statement for
purposes of the "Safe Harbor" provisions of the Private Securities
Litigation Reform Act of 1995: Information in this news release
contains forward-looking statements that involve risks,
uncertainties and assumptions. If such risks or uncertainties
materialize or such assumptions prove incorrect, the results of the
Company and its consolidated subsidiaries could differ materially
from those expressed or implied by such forward-looking statements
and assumptions. All statements other than statements of historical
fact are statements that could be deemed forward-looking
statements. Risks, uncertainties and assumptions include the
execution and performance of contracts by the Company and its
customers, suppliers and partners. The Company disclaims any
obligation to update or revise statements contained in this news
release based on new information or otherwise.
Corporate Contact:
Image
Protect
Lawrence
Adams
larry.adams@imageprotect.com
Image Protect (PK) (USOTC:IMTL)
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