On March 28, 2011, we issued an Executive Informational Overview (EIO) on WordLogic Corp. (WLGC-OTCBB). WordLogic has recently made several announcements critical to its business. On May 11, the Company announced that Dell Inc. (DELL-NASDAQ) has become an official reseller for WordLogic’s products, such as the WordLogic Predictive Keyboard. Further, on April 26, the Company issued a release stating that it had selected Kaye Scholer LLP, an international law firm, to help advise WordLogic on its portfolio of patent-protected predictive text and search-based software used in input and Internet search applications. Alan Fisch, ESQ, a partner and co-chair in the Kaye Scholer Intellectual Property Practice is expected to serve as lead counsel.
WordLogic Corp. is a technology company creating advanced methods of text and information entry for smartphones, computers, tablets, and other products with touchscreens, keypads, and keyboards. Leveraging its technological competencies, the Company created the WordLogic Predictive Keyboard, which is a patented, universal Intelligent Input Platform for Windows-based electronic devices. WordLogic’s technology provides a text entry system that makes typing suggestions based on built-in dictionaries, which can be customized for personal or enterprise use. The software adapts to the individual by learning frequently inputted text, including phrases, names, emails, and phone numbers. WordLogic is also capable of rapidly accessing Internet databases, allowing the user to highlight a word or phrase as it is typed and automatically initiating a search online. Designed to benefit both novice and experienced computer users, the WordLogic Predictive Keyboard can be adapted for use as a typing software, an assistive technology, a research tool, and an aid in language learning, among other functions. In addition to consumer sales, the Company is pursuing negotiations for its software platform with original equipment manufacturers (OEMs), Tier 1 wireless operators, operating system providers, and infotainment suppliers.
WordLogic holds six issued U.S. and European patents and five pending U.S. patent applications, one of which has received a Notice of Allowability from the USPTO. A patent review conducted by San Diego-based Thibault Patent Group in January 2011 found that WordLogic’s issued patents have broad applicability as well as significant licensing value. By 2014, there could be more than one billion devices shipped worldwide that infringe the Company’s patents, which WordLogic believes may represent roughly $360 million in potential licensing royalties.
We at Crystal Research look forward to continuing to follow WordLogic’s progress as it markets its technologies and capitalizes upon its intellectual property position. For further information on the Company, please consult the EIO published on March 28, 2011, and available within the Research Library section of www.crystalra.com.
On Monday, May 3rd we released a 16-page Quarterly Update on Applied DNA Sciences, Inc. (APDN-OTCBB), a company providing a range of patented DNA-based security and authentication solutions to protect products, brands, and intellectual property from theft, counterfeiting, fraud, and diversion.
Recent Corporate Highlights:
• Applied DNA generated revenues of $317,817 in the three months ended December 31, 2010, the best quarter in its history, which the Company attributed to increased demand for its authentication services and SigNature® DNA markers in target markets.
• In 2011 to date, Applied DNA has received orders and inquiries from governments, insurers, and uniform and instrument manufacturers, among others.
• Applied DNA’s UK customers have experienced a 49% decrease in cash-and-valuables-in-transit (CViT) losses year-over-year versus the UK industry as a whole, which decreased 34%.
• Capitalizing on its success in linking DNA-marked evidence to criminals, Applied DNA launched DNANet™—a tactical forensic marking system used by law enforcement and other agencies that provides unique DNA authentication codes for covert operations.
• In early 2011, Applied DNA added three experienced sales and marketing professionals specializing in a range of consumer electronic sectors.
• Applied DNA is also expanding its global FiberTyping™ business, which employs a proprietary process to distinguish between Pima and Upland cotton. In particular, the Company recently established a DNA textile authentication laboratory and office to support sales in Europe.
A more detailed overview of Applied DNA, as well as a summary of the Company’s stock information, is available through our Research Library.