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MacroSolve Files Patent Infringement Suit Against JPMorgan Chase
MacroSolve, Inc., doing business as Illume Mobile (MCVE) (MCVE) (“MacroSolve,” “Illume Mobile” or the “Company”), a leading provider of mobile technologies, apps, and solutions for business, today announced it has filed a patent infringement suit against JPMorgan Chase, Inc. and JPMorgan Chase Bank N.A. (JPM) for violation of MacroSolve’s U.S. Patent No. 7,822,816.
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.
“This suit is in defense of our innovation and an enforcement of the rights we have under our patent,” says Jim McGill, Vice Chairman of MacroSolve. He adds, “MacroSolve pioneered this technology many years ago, and it is our duty to our shareholders to protect our IP and provide a return on investment.”
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.
MacroSolve, Inc., doing business as Illume Mobile, is a pioneer in delivering mobile apps, technologies, and solutions. Leveraging its intellectual property portfolio, MacroSolve enforces its landmark patent while providing mobile app products and services under the name Illume Mobile. MacroSolve is positioned to become a leader in the mobile app development services space, which is projected to become a $100 billion market in 2015 according to Research2Guidance. For more information, visit Illume Mobile at 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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