Hi Mr. Legend, I am not trying to be condescending, BUT....this is truly, WITHOUT A DOUBT IMHO the "BUSINESS PLAN". Please try and accept this because the company is working very hard towards this goal and securing many large contracts. I know I am correct in this assumption, and it is an ENTIRELY NEW TECHNOLOGY WHICH COULD BE GROUNDBREAKING!!!!! This is very clear to all supporters of the company for the long run, and that is why they are not selling.
TMM, INC. to focus resources on advancement of new proprietary technologies and voluntarily dismiss lawsuit
Wilmington, Delaware – January 21, 2016 - TMM, Inc. (PINK SHEETS:TMMI) ("TMMI" or "the Company") is pleased to announce that, on the basis of recent developments, TMM, Inc. has decided to voluntarily dismiss its lawsuit against Dimension, Inc., Lawrence Panik, Digital Focus Media, Inc., Bruce Hoyt, Lyman Hurd and John Elton relating to its claims that they, among other things, improperly misappropriated and published certain TMM, Inc. trade secrets involving TMM, Inc.’s original fractal VDK digital compression technology.
In recent months, TMM, Inc. has completed development of a new digital compression technology that is unrelated to TMM, Inc.’s original, fractal VDK technology. TMM, Inc.’s new non-fractal compression technology includes a new proprietary algorithm that is incorporated in provisional patent applications filed by TMM, Inc. in 2015. In addition, TMM, Inc. has developed a new scaling technology which is also based on a new proprietary algorithm that is part of a number of other recent patent applications. In all, TMM, Inc. has filed five (5) patent applications involving its new technologies in the last nine months.
Such new compression technology of TMM, Inc., along with TMM, Inc.’s new scaling technology, has been demonstrated to several large corporations in a variety of industries and is currently the subject of multiple test licenses issued by TMM, Inc. to such companies. TMM, Inc.’s board and senior management believe the new TMM, Inc. technologies to be superior to any comparable technology on the market today. Management is confident that the software and integration testing currently in process by various companies will result in significant revenue producing licenses issued by TMM, Inc. in the near term.
“These new technologies have repeatedly demonstrated more efficient content processing and a better user experience across the board,” said Gerard V. Cavanaugh, TMM’s President. “They are based on direct feedback from high-volume users and will give us the traction to be a truly disruptive market force.”
As a result of such recent advances, TMM, Inc. believes that its resources are better spent on further developing, refining and integrating its superior new technologies rather than continuing to litigate over technology that is no longer in development by TMM, Inc.
ON BEHALF OF THE TMMI BOARD OF DIRECTORS OF TMM, INC.:
GERARD V. CAVANAUGH
CHAIRMAN AND PRESIDENT
For more information, please visit the Company’s Website at www.tmmi.us.
