Company continues to strengthen its Intellectual Property Portfolio
"LeoNovus is in a unique position to offer "best in class" accelerated video and multimedia-based applications for the connected display of choice," said Paul Master, Chief Technology Officer of LeoNovus. "Our intellectual property portfolio has become extremely important as a result of the soaring demand for rich multimedia content across a host of personal connected devices ranging from TVs to smartphones."
According to Cisco, we will have over 25 billion connected devices by 2015, which translates to nearly 3.5 devices per person on the planet. By 2020, this is expected to grow to over 50 billion devices. AND, according to multiple sources including Google and REEL SEO, over 4 billion hours of video is watched from YouTube a month across multiple devices including mobile. The world is also accessing and sharing video via their social sites with an astronomical total of 500 years of YouTube video being watched every day on Facebook, and over 700 YouTube videos are shared on Twitter EACH minute.
In addition to the large amounts of video consumed, these acceleration inventions may also be utilized for other applications, including video games, animation display, display of a graphical user interface ("GUI"), display of an electronic program guide ("EPG"), video on demand, personal video recorders, and telematics, for example.
LeoNovus is committed to developing high quality personalized products to deliver "all the video, all the web, all the games", at any time in a very personalized consumer friendly way. The LeoNovus approach to Internet TV seeks to introduce a unique profitability component that has been missing from current attempts to expand the Web onto the TV. This includes an integrated content management system that delivers carefully targeted advertising, services, home management and applications that are linked to individual viewer preferences and interests. In addition, LeoNovus is deploying its dark core™ technologies generating Intelligent Home and Community networks to improve performance, lower cost while generating new revenue streams by enabling computing at the edge.
About LeoNovus Inc. (www.LeoNovus.com)
LeoNovus is a leading developer of a high performance browser-based Internet platform with a managed system approach that provides HDTVs and other consumer electronic devices with access to all the features, content, and functionality available on the Web without the malware, security and support issues of a PC. LeoNovus seeks to change the way high-value Internet content is organized, monetized, and delivered on HDTVs, providing a true personalized consumer electronics experience to the largest monitor in the house.
LeoNovus adds its proprietary break-through dark core technologies enabling the ability to leverage idle processors for purposes of building Intelligent Networks and edge computing to reduce costs increase performance and deliver additional revenue streams via distributed networks.
LeoNovus shares have traded on the TSX Venture Exchange since June 10, 2009. Further information about LeoNovus can be found in its filings with Canadian securities regulators, which filings are available at http://www.sedar.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with LeoNovus' growth, the state of the financial markets, regulatory risks and other factors. Forward-looking statements included or incorporated by reference in this press release include statements with respect to proposed terms of, and the intended use of proceeds of, the Offering. There can be no assurance that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, LeoNovus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on any statements of forward-looking information that speak only as of the date of this release. More detailed information about potential factors that could affect LeoNovus' financial and business results is included in public documents LeoNovus files from time to time with Canadian securities regulatory authorities and which are available at www.sedar.com.
All trademarks, registered trademarks and brands mentioned in this release are the property of their respective owners.
 Original patents were filed under LeoNovus' former corporate name, Personal Web Systems.
SOURCE: LeoNovus Inc.
For further information:
Gordon Campbell, Chief Executive Officer, +1-408-541-9400, +1-408-541-9410 (fax), IR@LeoNovus.com , media@LeoNovus.com