ReelTime VR (OTCMKTS:RLTR) Breakthrough VR Patent under Child Patent Granted 7 Additional Claims by USPTO
ReelTime VR (OTCMKTS:RLTR) announced on October 5, 2022, about the United States Patent and Trademark Office (USPTO) notified them that seven additional claims contained in the continuation patent application for their Parent Patent previously issued for the revolutionary Simultaneous Spherical Panorama Image and Video Capturing System, have been allowed.
Trading Data
On Wednesday, RLTR stock gained 7.61% to $0.0099 with 1.07 million shares, compared to a volume of 261K shares. The stock moved within a range of $0.0085 – 0.0105 after opening trade at $0.0093.
USPTO Grants 7 Additional Claims to Reeltime’s Breakthrough VR Patent Under Child Patent
The Simultaneous Spherical Panorama Image and Video Capturing System (code-named the Periramascope), is described in the Parent Patent as a 360-degree image and capturing system having no lenses, a single lens, or a plurality of lenses.
The original technology lets any cell phone or other camera instantly capture 360 x 360 Virtual Reality Video or pictures without requiring any stitching. But the patent offers protection covering infringement from any capturing of a plurality of images utilizing at least one mirror. The multi-use function of the patent allows for that intellectual property coverage to span a wide range of industries and uses.
Thus, these seven claims granted in the Child Patent Application, considerably widen the scope of the protections contained in the Parent, while strengthening the enforceability against identified infringements. Such claims and disclosures shall benefit from the priority date of the Parent Patent covering apparatus and method claims for technology involving simultaneous capturing of 360 x 360-degree Spherical Panorama Images and Video.
The term of the patent has a scheduled end date of March 23, 2038, 20 years and 247 days from the earliest filing date of the patent.
Key Quote
Barry Henthorn, CEO of ReelTime, stated: “The granting of additional claims under the continuation “Child” patent application have expanded ReelTimes undeniable rights under the previously granted Parent Patent. This is a far-reaching major milestone that further solidifies our position as a holder of a cornerstone aspect of the 360 VR technology. Special thanks to our talented patent team at Bold Patents for accomplishing what they do best.”
Technical Data RLTR stock is trading above the 20-Day and 50-Day Moving averages of $0.0090 and $0.0095 respectively. However, the stock is trading below the 200-Day moving average of $0.0203. The company has a total market capitalization of $564K.
