SAN DIEGO, June 25, 2012 /PRNewswire/ -- ISTE 2012 – Interphase Corporation (NASDAQ: INPH) today announced the company has been awarded patent number 8,217,997 by the United States Patent and Trademark Office (USPTO), to be issued on July 10, 2012. The patent covers the penveu targeting system, which eliminates the need for calibration by inserting a targeting system – invisible to the human eye, but visible to the pen – into the display stream. The patent is part of an intellectual property portfolio that includes four other pending patent applications filed with the USPTO, and internationally, all directly relating to this handheld device.
"This patent protects the intellectual property (IP) behind the unique targeting system we invented for penveu, allowing us to realize the full potential of its disruptive technology. penveu brings interactivity and collaboration to classrooms and board rooms alike," said Yoram Solomon, Ph.D., vice president and general manager of penveu, and the principal inventor in this patent. "Current interactive whiteboard systems suffer from a need for calibration and our technology avoids that need and is accurate to a single pixel."
penveu is a device that disrupts the $1.8 billion interactive whiteboard (IWB) industry, by enhancing the functionality of currently installed projectors and large screen displays. It encompasses superior technology – bringing rocket science to the masses in a sleek, pinpoint-accurate device – incorporating satellite and military navigation system technologies that are only now available to commercial markets. It is compatible with any computer connected to a projector, large screen display, or TV using a VGA connector, regardless of operating system – all for a fraction of the current market price for such classroom technology.
"Interphase has developed interactive technology in penveu that clearly innovates in a market that has seen very little technology advancement in the past decade," said Greg B. Kalush, chief executive officer for Interphase. "The USPTO's approval of this patent is a big step toward fulfilling our company's commitment to bring innovative and disruptive technologies to market."
Full details of the allowance are listed in the Issue Notification Certificate issued by the USPTO. For more information on penveu, please visit www.penveu.com.
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penveu is an Interphase (NASDAQ: INPH) product, offering an incredibly exciting handheld device that radically evolves the industry by enhancing the functionality of installed projectors and large screen displays making any flat surface – from pull down screens to HDTVs – an interactive display system. It's an affordable solution that brings rocket science to the education and enterprise markets in a sleek, pinpoint-accurate device that is so portable it fits in a pocket. For more information, please visit our website at www.penveu.com.
About Interphase Corporation
Interphase Corporation (NASDAQ: INPH) is a diversified information and communications technology company, committed to innovation. The company delivers customers best in class solutions for connectivity, interworking, packet processing, contract manufacturing, and electronic design services and is well known as the premier provider of LTE and WiMAX solutions. In addition, Interphase recently expanded its business to include desktop virtualization and embedded computer vision technology solutions, targeted at the enterprise and education technology markets with the introduction of the penveu.
penveu is a service mark and trademark of Interphase Corp. All other product names, service marks, and trademarks mentioned herein are trademarks of their respective owners
This press release contains forward looking statements about the business and prospects of the Company. These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements include, but are not limited to, statements regarding the introduction of a new product, including details of the proposed timing and distribution of the product and statements predicting trends, sales and market opportunities in the markets in which we intend to sell the product. The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties, including (without limitation) the risk that the product introduction may be delayed or not happen in the anticipated manner, the risk that market acceptance and sales opportunities may not happen as anticipated once the product has been introduced into the market, the risk that our current distribution channels may not choose to distribute the product or may not be successful in doing so, the risks that acceptance of our product in vertical application markets may not happen as anticipated, the risk that published third party growth estimates regarding these markets are not accurate, the risk of delays in our ability to design, manufacture, market and sell the new product due to technological, market, or financial factors, and other risks described in our most recent Form 10-K filed with the Securities and Exchange Commission.
SOURCE Interphase Corporation