Further to the press release issued on April 24, 2013, eCrypt Technologies, Inc. (ECRY) announces that it has received patent pending status for its new enterprise level solution.
Under the counsel of Steptoe & Johnson, eCrypt strategically filed a provisional patent application for multiple unique and innovative processes identified in the technology.
“After carefully considering all our options and business goals, it was clear that a provisional patent was the most suitable path,” commented Brad Lever, eCrypt CEO.
A provisional patent application provides eCrypt with many benefits, most notably the protection of confidentiality surrounding the application’s subject matter.
“The potential of this technology is incredible,” commented Mr. Lever. “As we went through this process, it was of utmost importance to us that we did everything possible to provide the company, and our stakeholders, the greatest level of protection and an edge over our competition.”
Other benefits include a twelve-month period during which the Company can continue to enhance the product and make additional claims on the application. Additionally, it provides eCrypt with twelve months to file the patent internationally, while establishing April 24th, 2013 as the filing date.
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