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GuestLogix Recognized for Innovation With Issuance of Second U.S. Patent
Company Granted United States Patent for Systems and Methods for Integration of Travel and Related Services and Operations
|By Marketwired .
|July 24, 2014 07:00 AM EDT
TORONTO, ONTARIO -- (Marketwired) -- 07/24/14 -- GuestLogix Inc. (TSX:GXI), the leading global provider of onboard retail and payment technology solutions to airlines, rail operators and the passenger travel industry, today announced that it has been issued a second U.S. patent, further protecting the Company's onboard retail and payment technology, specifically as it relates to the use of passengers' personal devices onboard. The U.S. Patent and Trademark Office issued U.S. Patent No. 8,744,920 to GuestLogix and listing Ramez Hanna, GuestLogix SVP Product Development as principal inventor, in recognition of the Company's unique technology that integrates mobile devices into an onboard retail environment.
"This award by the U.S. patent office substantiates the unique qualities of GuestLogix' technology as it relates to monetizing passenger devices such as smartphones and tablets onboard," said GuestLogix President & CEO, Brett Proud. "With the issuance of this second patent, GuestLogix is recognized for its commitment to innovation and solidifies its leadership position in the global passenger travel market. As GuestLogix is called upon to provide its technology to airlines, rail operators and other travel operators who are looking to create self-service retail programs onboard, this new patent protection will be of significant benefit to our Company and shareholders."
On December 12, 2012, GuestLogix was issued its first U.S. patent, protecting the Company's technology platform as it relates to the sale of products and services via a mobile POS device that are linked to specific travel vehicles, such as an aircraft. This new patent, entitled "Systems and Methods for Integration of Travel and Related Services and Operations" goes one step further to protect the Company's technology for use in monetizing personal devices used by passengers within travel vehicles. The patent also protects the process, methodologies and technologies that provide targeted or personalized offerings being pushed to passengers within these mobile retail environments.
An excerpt from the patent abstract states that "one aspect of the invention is directed to integrating mobile devices, such as smartphones, tablets, etc., into a mobile retail environment commercial system. A mobile device includes a mobile store module that provides an interactive user experience that allows a traveler to browse goods or services that are available in the mobile retail environment." GuestLogix' next generation mobile solutions were designed to improve operators' abilities to generate ancillary revenues - a highly relied upon revenue stream - by enabling self-service retailing via passengers' personal devices, while at the same time enhancing the overall customer experience.
"GuestLogix led the onboard retail revolution and maintains its place at the forefront of innovation as it is once again acknowledged for the unique aspects of its technology," said Peter Nguyen, SVP, Legal Affairs, General Counsel & Corporate Secretary, GuestLogix. "As per this recognition from the U.S. Patent and Trademark Office, GuestLogix' technology has gained additional protection that will undoubtedly prove beneficial in doing business moving forward."
GuestLogix has a comprehensive patent strategy in place with additional patent applications currently under review in the U.S., Europe and other international jurisdictions.
GuestLogix Inc. (TSX:GXI) is a global leader in comprehensive retail solutions delivered to the passenger travel industry, both onboard and off board. Bringing over a decade of expertise as the industry's most trusted onboard transaction processing partner to airlines, rail operators and elsewhere in the passenger travel industry, GuestLogix powers the industry's growing reliance on ancillary revenue generation. Both direct to operators as well as through partnerships with global leaders in catering, duty-free, inflight entertainment and self-service retail experts, the Company provides the payment services touching over 1 billion travelling consumers each year. GuestLogix' global headquarters and centre for product innovation is located in Toronto, with regional head offices located in Dallas, London and Hong Kong. More information is available at www.guestlogix.com.
© 2014 GuestLogix. All Rights Reserved.
This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with GuestLogix' business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect GuestLogix' current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Filing Statement filed on May 12, 2014 with the regulatory authorities. GuestLogix assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.
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