CALGARY, ALBERTA--(Marketwired - Oct. 8, 2013) -
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Times Three Wireless Inc. (TSX VENTURE:TTW) ("Times Three" or the "Company") announced today that it has filed six new US patent applications related to its wireless location tracking and wireless data communication technologies.
Times Three's new patent applications cover communications protocols and devices, including the Company's new hybrid beacon designs, that provide location tracking assisted by GPS technology for applications in automotive monitoring, remote utility meter reading, intelligent traffic signs, road condition telemetry, vending machine reporting, road construction equipment reporting and smart grids. These important technologies are expected to become pervasively adopted in the future, involving significant numbers of wireless devices.
"We are continuing our efforts to develop and enhance Times Three's existing fundamental patent portfolio by filing these applications. We are pleased to have filed for a total of nineteen new patents over the past 10 months," said William Middleton, Times Three's CEO.
About Times Three
Times Three, originally founded in 1995 as Cell-Loc Inc., is a technology innovation and licensing company based in Calgary with offices in Toronto, Austin and Dallas. It has a long history of innovation and successful product development in wireless location technologies and continues to build and license its portfolio of important patents and intellectual property. The Company's current patent portfolio now consists of over 26 issued and pending patents in the USA and Japan.
The Company's proprietary narrow band location and telemetry technology has been successfully implemented in a 1500 square kilometer wireless network in São Paulo, Brazil.
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Forward-looking statements are typically identified by words such as "anticipate", "continue", "estimate", "expect", "forecast", "may", "will", "project", "could", "plan", "intend", "should", "believe", "outlook", "potential", "target" and similar words suggesting future events or future performance. Although Times Three believes that the expectations reflected in the forward looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this news release, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause Times Three's actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, that the referenced patent applications may not be approved for allowance or issuance and/or that the allowed claims in any patents issued may not implicate the devices and technologies described above, that any products that do adopt the inventions underlying the patents applications are never commercialized, and the other factors described in Times Three's public filings available in Canada at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking statements contained in this news release speak only as of the date of this news release. Except as expressly required by applicable securities laws, Times Three does not undertake any obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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