Single Touch Receives Notice of Allowance From U.S. Patent Office for Key Mobile Data Transfer Patent
JERSEY CITY, NJ -- (Marketwire) -- 03/07/13 -- Single Touch Systems, Inc . (OTCBB: SITO), a technology based mobile media solutions provider, today announced that the United States Patent and Trademark Office has issued a Notice of Allowance to its subsidiary, Single Touch Interactive, for a key invention titled, "Searching for Mobile Content." The patent addresses methods and apparatus for searching mobile content and the transfer of data from and between mobile devices and the cloud.
"This is a significant addition to our patent portfolio and addresses mobile data transfer functions that happen nearly every time a new mobile device is purchased in the U.S. Each time a user purchases a new mobile device and moves information from their old device to a new device, a transfer of data occurs. Our patent estate, including this important patent for which we just received a Notice of Allowance, addresses this function of mobile data transfer through the cloud," stated Single Touch (SITO.OB) Chairman and Chief Innovation Officer Anthony Macaluso.
In the U.S., wireless devices, including cell phones, smartphones, and tablets, have reached 100% penetration, according to CTIA-The Wireless Association®, an international nonprofit membership organization that represents the wireless communications industry. CTIA estimates there were 320 million wireless subscribers in the U.S. in June 2012, representing more than one device per person living in America. Most new mobile device purchases today are replacement devices that typically require the transfer of data from a user's prior mobile device to the new one. Often this data transfer occurs from the cloud, where much of the data used on mobile phones is stored, to the new mobile device.
"Now that most mobile device users are in the replacement cycle, changing and upgrading phones on a regular basis, inventions that improve the methods and efficiencies with which data is transferred between mobile devices, via the cloud, become critical and foundational to information technology infrastructure," added Macaluso.
Single Touch's "Searching for Mobile Content," patent builds upon the Company's family of patents which address mobile data transfer and mobile content search, strengthening the Company's IP position in the mobile ecosystem.
Single Touch's intellectual property assets include 41 patents and applications. With this most recent Notice of Allowance, the Company will increase its issued patents to 20, with 21 more pending. These patents cover foundational enabling technologies in mobile advertising, mobile commerce, and the transfer and management of mobile data.
About Single Touch Systems, Inc.
Single Touch Systems, Inc. is a technology based mobile solutions provider serving businesses, advertisers and brands. Through patented technologies and a modular, adaptable platform, Single Touch's multi-channel messaging gateway enables marketers to reach consumers on all types of connected devices, with information that engages interest, drives transactions and strengthens relationships and loyalty. For more information about Single Touch Systems, Inc. visit: www.singletouch.net.
This news release may contain forward-looking statements that involve risks and uncertainties and reflect Single Touch's judgment as of the date of this release. These statements may include those regarding strategy, growth and future operations. Actual events or results may differ from Single Touch's expectations. The risks and uncertainties include reliance on brand owners and wireless carriers, the possible need for additional capital, as well as other risks identified in Single Touch's filings with the SEC. Single Touch disclaims any intent or obligation to update these forward-looking statements beyond the date of this press release, except as may be required by law.
Investor and Media Contact: Robert Haag Hampton Growth 877-368-3566 Email Contact
Source: Single Touch Systems