CALGARY, ALBERTA -- (Marketwire) -- 02/20/13 -- NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
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.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS:
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, the 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Times Three Wireless Inc.
Times Three Wireless Inc.
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