Times Three Wireless Files 5 Key New Patent Applications
CALGARY, ALBERTA, Feb 20, 2013 (Marketwire via COMTEX) --
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Times Three Wireless Inc. (TSX VENTURE:TTW) ("Times Three" or the "Company") announced today that it has filed five new US patent applications related to its wireless location tracking, wireless data communication and complementary technologies.
Times Three's new patent applications cover communications protocols used for remote utility meter reading, intelligent traffic signs, automotive monitoring, road condition telemetry, vending machine reporting, road construction equipment reporting and smart grid applications. The inventions underlying these pending patents reduce the quantity of equipment required as well as deployment and operating costs. These leading edge technologies are expected to become widely-adopted in the near future, involving large numbers of wireless devices. Another application offers practical benefits to smartphone users.
"Our team continues to demonstrate our resolve to strengthen Times Three's existing fundamental patent portfolio by filing these new patent applications", said William Middleton, Times Three's CEO, "We only recently commenced this initiative but have already filed for 9 additional patents over the past three months as we foster the growth of our IP and patent licensing programs."
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 proprietary narrow band location and telemetry technology has been successfully implemented and licensed to an operator of a 1500 square kilometer wireless network in Sao Paulo, Brazil.
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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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Times Three Wireless Inc.
Times Three Wireless Inc. David Guebert CFO 403.569.5700
SOURCE: Times Three Wireless Inc.
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