CounterPath Named "Best & Brightest" by MDB Capital Group
VANCOUVER, Feb. 22 /CNW/ - CounterPath Corporation (TSX-V: CCV; OTCBB: CPAH) announced today that it has been named as one
of MDB Capital Group's "Best & Brightest" for 2011, an annual list of companies who ranked above the 90th percentile for technology leadership from more than 1,500 small cap
companies with U.S. patents granted. MDB Capital Group's "Best &
Brightest" list of companies is drawn from the populace of public
companies that hold at least one U.S. patent and that have a market
capitalization under $500 million dollars.
The MDB list identifies companies with an above average three-year
growth rate for patent application filings (a measure of innovation),
an above average PatentVest1 Tech Scores (a measure of patent quality) and low PatentVest citation
ratios (a measure of value). Further, according to research conducted
by MDB Capital Group, these elite groups of companies have
significantly outperformed their publicly traded peers and have
demonstrated higher margins and more sustained growth.
CounterPath's current IPR portfolio includes 24 patents, patent
applications and exclusive patent rights, that expand the protection
available to service providers with exclusive license protections for
CounterPath's fixed-mobile convergence (FMC) technologies.
Today, with the mobile VoIP market is sitting at 15 billion minutes and
poised to reach 470 billion minutes by 2015 (Juniper Research) and
companies like Skype, whose VoIP service now accounts for over 20% of
international VoIP calling minutes (TeleGeography), the market is
recognizing the value of VoIP and mobile softphone solutions. This puts
CounterPath in an advantageous position to capitalize on the market
opportunity with its suite of desktop and mobile VoIP products and the
patented technology behind it.
"We are extremely pleased to be recognized as one of this year's
innovative technology leaders by MDB Capital," said Donovan Jones,
President and Chief Executive Officer, CounterPath. "Receiving
recognition for the value of our patent portfolio reinforces our view
that our patents provide CounterPath with a competitive and strategic
advantage in building, selling and deploying innovative desktop and
mobile VoIP applications to enterprises and consumers."
MDB Capital's recognition of CounterPath's innovation and leadership
exemplifies the company's commitment in bringing technologies to market
that are highly differentiated for its partners and customers. Within
the past two years CounterPath has received significant patent grants
that cover the burgeoning Mobile VoIP and FMC segments. Both segments
are expected to generate billions in revenue over the next three years.
These patents include:
Announced October 5, 2010: U.S. Patent No. 7,809,381 - "Presence Detection for Cellular and
Internet Protocol Telephony" which enables services such as least-cost
routing and minimizes dropped calls by streamlining the process of
transferring calls from the cellular macro network to Wi-Fi or a
Announced September 28, 2010: U.S. Patent No. 7,804, 821 - "Circuit Switched Cellular Network to
Internet Calling with Internet Antennas" which enables a single
identity to be assigned to multiple devices and specifies how to route
communication services to those devices.
Announced March 10, 2009: U.S. Patent No. 7,502,615 - "Handoff for Cellular and Internet
Protocol Telephony" which enables users to roam between mobile and IP
networks seamlessly, allowing active calls to be handed off faster.
For more information on our products and patented technology visit www.counterpath.com.
1 PatentVest is MDB's proprietary, intellectual property (IP), business
CounterPath Corporation is an award-winning provider of innovative
desktop and mobile VoIP software products and solutions. CounterPath's
product suite includes SIP-based softphones, server applications and
Fixed Mobile Convergence (FMC) solutions that enable service providers,
enterprises and Original Equipment Manufacturers (OEM) to
cost-effectively integrate voice, video, presence and Instant Messaging
(IM) applications into their VoIP offerings and extend functionality
across both fixed and mobile networks.
CounterPath's customers include some of the world's largest
telecommunications service providers and network equipment providers
including AT&T, Verizon, BT (British Telecommunications PLC), mobilkom
Austria, Avaya, Cisco Systems, Metaswitch Networks and Mitel.
For more information please visit www.counterpath.com.
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Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
SOURCE CounterPath Corporation
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