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Hyatt Corporation Sued for Patent Infringement by Mobile App Technology Leader MacroSolve(February 09, 2012)
TULSA, OK -- (Marketwire) -- 02/09/12 -- Continuing its patent enforcement efforts, MacroSolve, Inc. (PINKSHEETS: MCVE) (OTCQB: MCVE) ("MacroSolve" or the "Company"), a leading provider of mobile technologies, apps and solutions for business, today announced it has filed a patent infringement suit against Hyatt Corporation (NYSE: H) for violation of MacroSolve's U.S. Patent No. 7,822,816.
"This suit against Hyatt marks one of numerous enforcement actions we've taken against the largest companies in the U.S. which are utilizing mobile app platforms that infringe upon our patent. We've already reached settlement agreements with a number of companies that were in violation of our intellectual property rights and we believe we will continue to find amicable ways to receive compensation for the use our inventions," stated MacroSolve Vice Chairman, Jim McGill.
MacroSolve's lawsuit claims that, "Hyatt, directly or through intermediaries, made, used, imported, provided, supplied, distributed, sold and/or offered for sale products and/or systems (including at least its product and system referred to as its Hyatt mobile app) that infringed one or more claims of the 816 patent. In addition, Hyatt induced infringement and/or contributed to the infringement of one or more of the claims of the 816 patent by its customers."
On October 26, 2010, the United States Patent and Trademark Office issued U.S. Patent No. 7,822,816 to MacroSolve. The patent, a significant intellectual property asset to MacroSolve, further advances its position as a leader in the mobile solutions market. The patent addresses mobile information collection systems across all wireless networks, smartphones, tablets, and rugged mobile devices, regardless of carrier and manufacturer, and is currently utilized in MacroSolve's rapid mobile app development platforms. MacroSolve's patent covers fundamental technology in the mobile application space utilized by multiple companies.
MacroSolve, Inc., the corporation behind Illume Mobile, is a pioneer in delivering mobile apps, technologies, and solutions. Leveraging its intellectual property portfolio, MacroSolve enforces its landmark patent, while Illume Mobile provides mobile app products and services. MacroSolve is positioned to become a leader in the mobile app space, projected to become a $17.5 billion market in 2012 according to Chetan Sharma Consulting. For more information, visit www.illumemobile.com.
Safe Harbor Statement
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.
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