VANCOUVER, Oct. 23, 2015 /CNW/ - Destiny Media Technologies (TSXV: DSY) (OTCQX: DSNY) today announced new additions to its sizable patent portfolio. These patents fall broadly into three categories:
- Proprietary watermarking technology which is inaudible and survives analog duplication
- MPE® media locking system.
The company is currently building out a number of applications around the Clipstream® technology including a cloud service, an API for integration into third party offerings and new support for the ad and market research industries.
Mr. Vestergaard continued, "We are pleased with the feedback from the patent offices and with our formal grants around the world, as we've identified about a dozen companies and groups that we believe are infringing on our patents. The replication of our inventions five years later is flattering, and proves market demand for these techniques, but we are exploring our options to protect and enforce our right to be the only company to use our proprietary technology.."
One South African patent (2014/01618 January 28th, 2015), one Singapore patent (No. 201008775 April 28, 2015) and two US patents have now issued (No. 9137567 Sept. 15, 2015 and No. 9143826 Sept. 22, 2015). Third and fourth US patent applications have received "Notices of Allowances" and formal patents are expected to be issued shortly. In the remaining three US applications, the USPTO has indicated that many of the claims are allowed or allowable. Destiny is currently advancing arguments and / or amendments in favor of the reconsideration of the remaining claims.
The company has also developed a unique and valuable watermarking technology that survives analog duplication, filtering, file conversion and down sampling and unlike other technologies, is completely inaudible. This allows the source of leaked and pirated content to be traced.
In relation to this watermarking technology, the company has filed four patent applications in the US (three of which are now issued patents) and has also obtained issued patents in many other countries. The Canadian patent recently issued (No. 2,682,926 Oct. 13, 2015). Corresponding patents were previously granted in Switzerland, UK, Netherlands, France, Sweden and Denmark (No. 2082527 Sept. 24, 2014); Germany (No. 602007038680.2 Sept. 24, 2015); Japan (No. 5103479 Oct. 5, 2012); and the US (No. 7983441 July 19, 2011 and No. 8300885 October 30th,, 2012).
The third US watermarking patent issued recently (No. 9165560 Oct. 20, 2015).
The company also has a US patent for its MPE® locking technology (No. 7466823 Dec. 16, 2008).
Further information on the state of the IP portfolios can be found on:
About Destiny Media Technologies, Inc.
Destiny Media Technologies (DSY.V) (DSNY) provides services that enable content owners to securely display and distribute their audio and video content digitally through the internet. The Company's two major services are Clipstream® and Play MPE®. Clipstream® (www.clipstream.com) is a video format that plays on any modern smart phone, tablet, internet, TV, or computer. With Clipstream®, there is no player to configure or install, videos never go obsolete, and there are up to 90% cost savings from caching. Play MPE® (www.plaympe.com) provides a standardized method to securely and cost effectively distribute pre-release music to radio stations and other music industry professionals, before it is ready for sale. More information can be found at www.dsny.com.
SOURCE Destiny Media Technologies, Inc.
For further information: Steve Vestergaard, CEO, Destiny Media Technologies, Inc., 604 609 7736 x222; Investor Relations: Three Part Advisors, Jeff Elliott, 972-423-7070, Dave Mossberg, 817-310-0051