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I believe that I read somewhere that the Co. would be posting updated financials, any one have any info as to when that might happen?
Good stuff, thanks Uphillride - why don't ya come on over to I-hub and join the conversation here? I appreciate your dd.
Welcome guy-robert - I would suggest you read the past posts here and check out the Co. website. We are all waiting on an update from the Co. which hopefully will come soon.
SELLING STOCKHOLDERS
The selling stockholders will be our current or future officers, directors, consultants and employees who acquire shares of our common stock pursuant to the Plan and are considered our “affiliates” as that term is defined in the federal securities laws. The selling stockholders may from time to time resell all, a portion, or none of the shares of our common stock covered by this Resale Prospectus.
As of the date of this Prospectus, no shares of common stock were subject to existing options under the Plan, and 200,000,000 were available for future grants.
http://www.sec.gov/Archives/edgar/data/1085069/000137219809000004/ex41.htm
EXHIBIT 4.1
2009 STOCK OPTION PLAN
American Security Resources Corp.
2009 Stock Option Plan
ARSC HOD .0024 +84%
Yes it would be nice to see some conformation. What do you think of todays stock action? Heavy volume and green - dead cat or somethings up?
Nothing confidential -- All public knowledge -- Same story line for months!!
BEAVERTON, Ore., Dec 11, 2008 (BUSINESS WIRE) -- Hydra Fuel Cell Corporation
(www.hydrafuelcell.com), a wholly owned subsidiary of American Security
Resources Corporation (OTCBB:ARSC), announced today that testing is in progress
on the fuel cell stack that is the core of the commercial production
HydraStax(R) 5000 fuel cell system.
Jim Twedt, President and CEO of Hydra, said, "Our in-house testing, which is
going very well, precedes third party testing which is the final step to
completing certification with CSA-International."
Twedt continued, "We are also finished with the other major parts of the fuel
cell, our gas control and cooling systems. We continue to make some improvements
in the balance of the plant that will complete the commercial system. This fuel
cell design is a radical departure from our previous PEM based fuel cell
designs. Our lower operating temperatures and other newly integrated features
should yield a significantly longer lifetime for the HydraStax(R) system. Also
the compact size makes this fuel cell stack one of the highest energy density
generators in the world today."
http://investorshub.advfn.com/boards/read_msg.aspx?
message_id=34112357
HOUSTON, Dec 17, 2008 (BUSINESS WIRE) -- American Security Resources
Corporation (OTCBB:ARSC) announced today that it has formed a subsidiary,
American Security Capital Corporation, to provide financing options to buyers of
products manufactured by its subsidiaries Hydra Fuel Cell Corporation and
American Hydrogen Corporation.
Bob Farr, President and COO of ARSC, stated, "As we prepare to start
manufacturing for our $21,000,000 purchase order backlog, and based on
discussions with our distributor and inquiries we have received at Hydra Fuel
Cell, we believe that being able to offer a variety of financing and leasing
options will speed the rollout of Hydra's fuel cells and American Hydrogen's ACE
units." Farr continued, "We are currently in discussions with a finance industry
veteran to establish the funding for this company, and we expect that funding
capability to lead to new opportunities for our shareholders that might include
partnerships operating large numbers of fuel cell installations and other types
of leveraged transactions."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34245791
I agree, so long as it gets issued, and it's going to issue, we have novel device that is protected by it's first US patent.
(it's been in the system for almost 6 years btw)
I agree with your sentiment - MBD 5 stars from me.
Mistaken identity Tet, NEVER posted on the NNAN board.
Moving along here!! Looks like 6-8 weeks before issue.
A. Listed below are the stages through which an allowed patent application goes within the PTO.
When the examiner allows a file it is sent to the Office of Patent Publication Allowed Files area.
The application is then forwarded to Initial Data Capture (IDC) for electronic capture of the patent file.
It takes approximately 6 weeks from the date that the allowed file is received for the completion of the Initial Data Capture of the application.
The application is then sent to the File Maintenance Facility (FMF) for matching of the issue fee and any other correspondence. The application may stay in the FMF for approximately 1-2 weeks. However, if all requirements are not yet fulfilled the application will remain at the FMF until the requirements are met.
Once the fee and any correspondence and/or drawings are matched with the application and all requirements have been met for issuance as a patent, the application is then forwarded to the Final Data Capture (FDC) stage of the process. The FDC makes any updates necessary to the electronic file and places the allowed patent application in an issue. The average time that an allowed application is in the FDC process is 5 weeks. The “Issue Notification” is mailed approximately 3 weeks prior to the issue date of the patent.
The patent grant is mailed on the issue date of the patent. It includes any references to prior patents, the inventor(s)') names, specification, and claims (to name a few). It is bound in an attractive cover and includes a gold seal and red ribbon on the cover.
Thanks Success - nice application of the tech. More from Texas Nameplate
TNc Marketing News
Introducing Texas Nameplate's Newest Product
Digital Nameplate™
Patent Pending Digital Nameplate™
Being the first and only small business to successfully achieve the coveted Malcolm Baldrige National Quality Award for performance excellence twice, we are continuing our quest as a leader in our industry.
Acknowledging the fast trend of innovation and technology offered in the field of 2-D matrix coding, we at Texas Nameplate identified the need for chemical etching 2-D matrix as opposed to the current manufacturing techniques of laser etch and screen printing. Digital Nameplate™ is the newest product offering from Texas Nameplate.
2-D matrix coding is versatile and has numerous applications. Usage can be customized and implemented to enable end-users to electronically scan and download important information that could be used for traceability purposes, warranty data, cage codes, inventory control, just to name a few.
Our patent pending chemically etched Digital Nameplate™ will provide all the benefits of laser etch and will also be cost effective. We have the ability to produce batch quantities, offer more customization to meet your needs while committed to products that can endure harsh environments for the lifetime of the equipment to which they are attached.
For more details about Digital Nameplate™ our newest product offering, please contact Ms. Mina Hsu at 214.428.8341 ext. 114 or simply click Digital NameplateTM to download product data sheet . We appreciate your continued business as we enter our 63rd year serving the nameplate industry.
Sincerely,
Dale Crownover
President & CEO
http://www.nameplate.com/Tradeshows.html
Thanks Pal, Bub, and Dr. Tet - well done!
What do we know about this device? Looks like competition to me and Biophan is noticeably absent from the list of exhibitors at the (STS) 45th Annual Meeting.
CardiacAssist to Exhibit and Host Educational Symposium at “STS 2009”
“Surgical Innovations Symposium” will feature presentations by Dr. Daniel Goldstein, Montefiore Medical Center; Dr. Igor Gregoric, Texas Heart Institute; and Dr. Farzad Najam, George Washington University Medical Center
“The clinical experience with the TandemHeart System is now very substantial, with 1500 cases performed at more than 100 elite cardiac care centers across the U.S. We strongly believe that TandemHeart has the potential to transform interventional cardiology and cardiac surgery.”
Michael Garippa, CEO, CardiacAssist
January 22, 2009 10:37 AM Eastern Time
STS 2009
PITTSBURGH--(EON: Enhanced Online News)--CardiacAssist Inc., a growing and profitable medical device company, announced today that it will exhibit its TandemHeart® System in San Francisco at the Society of Thoracic Surgeons (STS) 45th Annual Meeting that begins next week. The TandemHeart is the only 5 lpm net flow, percutaneous "extracorporeal circulatory support" device approved by the FDA for sale in the U.S. All other heart assist devices—including Impella 2.5—are labeled by the FDA to be used for "partial circulatory support" with less than 2.5 lpm net flow. The TandemHeart device can be placed rapidly in the cath lab or operating room, providing effective, reliable, temporary circulatory support for critically ill patients.
“More than 1,500 cases have been performed, and the TandemHeart has been adopted by over 100 elite cardiac care centers in the U.S. Last year proved to be the most successful to date for CardiacAssist, which reached new clinical and financial milestones.”
The STS Annual Meeting and Exhibition will be held at Moscone Convention Center in San Francisco, Jan. 25-27, 2009. CardiacAssist will be in booth number 453 with information and displays pertaining to the TandemHeart System. Additionally, CardiacAssist will host an educational symposium—“Surgical Innovations”— by invitation only on Monday, January 26th, with case presentations by Dr. Daniel Goldstein, Montefiore Medical Center; Dr. Igor Gregoric, Texas Heart Institute; and Dr. Farzad Najam, George Washington University Medical Center. Current and prospective customers are encouraged to attend and learn more about TandemHeart System utilization. STS attendees interested in attending the meeting should visit CardiacAssist’s booth to receive an invitation. To RSVP for the event, please contact Monica Bush at 412-963-7770 x247 or via email at mbush@cardiacassist.com.
“The clinical experience with the TandemHeart System is now very substantial,” said CardiacAssist CEO Michael Garippa. “More than 1,500 cases have been performed, and the TandemHeart has been adopted by over 100 elite cardiac care centers in the U.S. Last year proved to be the most successful to date for CardiacAssist, which reached new clinical and financial milestones.”
The TandemHeart System is fully reimbursed by Medicare under existing DRG codes. The device can be deployed rapidly in the cath lab or operating room, providing effective, reliable, temporary circulatory support for critically ill patients.
To date, the TandemHeart System has been used in 29 countries by 130 different facilities by 320 different physicians.
Contacts
Ronald Trahan Associates, Inc.
Ron Trahan, 508-359-4005, x108
APR
Permalink: http://eon.businesswire.com/news/eon/20090122005746/en
I'm expecting to see an Issue Notification any day for the CSS device patent. It has undergone a few revisions to the claims but looks like it's ready to go. Hopefully we will see something definitive in the near future. Standing by to see where this may lead.
Just wondering if anyone, other than me, is concerned about this language? TIA
At the option of the holders, if there are outstanding shares of Series C Convertible Preferred Stock on February 17, 2009, each share of Series C Preferred Stock shall convert into shares of common stock at the conversion price then in effect on February 17, 2009
I believe the conversion price then in effect (2/17/09) is currently .0011 but may be .0015
http://ih.advfn.com/p.php?pid=nmona&cb=1223576618&article=28623303&symbol=NB%5ENEOM
He's still running the show IMO
http://www.streamserv.com/about.html
http://www.gamestreamer.net/content/management.html
Friday, January 23, 2009
Security Imaging is always looking for ways to use new technology in the Security Industry. We now offer a new service allowing you to verify your employees using your Apple iPhone and QR codes.
Please review the information below explaining what a QR code is, how Security Imaging's QR Verify program works and to see if your phone is compatible.
What is a QR Code?
Although initially used for tracking parts in vehicle manufacturing, QR Codes are now used in a much broader context, including both commercial tracking applications and convenience-oriented applications aimed at mobile phone users (known as mobile tagging). QR Codes storing addresses and URLs may appear in magazines, on signs, buses, business cards or just about any object that users might need information about.
QR Verify
Security Imaging is now offering a new service called QR verify, allowing you to verify your companies photo credentials using your Apple iPhone and a QR code.
Security Imaging can create a layout that fits the proportions of the viewing screen on the iPhone. We will create the QR barcode so when scanned it will open the file of the credential you need to validate. Digital files will be stored with an FTP service (Box.net) for viewing at anytime.
This service allows you or even your clients to view an employees badge to verify that they are an active employee and that their ID badge is valid. The service can also help with Emergency Management, Security Events, Membership & School Security.
How can I use my iPhone/Camera equipped phone to read QR Codes?
Users with a camera phone equipped with the correct reader software can scan the image of a QR Code causing the phone's browser to launch and redirect to the programmed URL.
There are many applications available that allow you to read QR codes, we use Neo Reader, you can checkout their website to see if your phone is compatible.
If using a phone not listed on the Neo Site please check with your phone carrier to see if your phone is capable of reading QR codes and to see if there is software available.
http://www.securityimaging-blog.com/2009/01/qr-verify-now-available-at-security.html
Someone at HQ might wanna reconsider their choice for local counsel. Two incorrect attempts at this simple disclosure (undersigned attorney of record for the plaintiff) doesn't exactly give me a warm and fuzzy feeling.
Requires registration
https://pacer.login.uscourts.gov/cgi-bin/login.pl?court_id=00idx
Heres the document as it was posted
Image hosting service is back up.
SCANBUY, INC. AND MARSHALL FEATURE
RECOGNITION, LLC,
Plaintiffs,
v.
NEOMEDIA TECHNOLOGIES, INC.,
Defendant.
Civil Action No. 08 CV 199
The Honorable David J. Folsom
Jury Trial Demanded
RULE 7.1 DISCLOSURE STATEMENT
Pursuant to Rule 7.1 of the Federal Rules of Civil Procedure, the undersigned attorney
of record for plaintiff NeoMedia Technologies, Inc., certifies that:
(1) NeoMedia Technologies, Inc. is a privately-owned corporation; and
(2) There are no publicly-held corporate parents, subsidiaries or affiliates of
NeoMedia Technologies, Inc. that own 10% or more of the stock of NeoMedia
Technologies, Inc.
Date:
January 16, 2009
Of counsel:
Michael H. Baniak
baniak@mbhb.com
News for 'CLNE' - (Zacks Industry Outlook Highlights: Clean Energy Fuels, SunPower, Verasun Energy, Canadian Solar and First Solar)
CHICAGO, Jan 22, 2009 (BUSINESS WIRE) -- Zacks.com announces the latest
Industry Outlook. Today's outlook from Zacks Equity Research analyst Jon Kolb
discusses the Alternative Energy sector. Highlighted stocks include: Clean
Energy Fuels Corp. (Nasdaq: CLNE), SunPower (Nasdaq: SPWRA), Verasun Energy
(NYSE: VSE), Canadian Solar (Nasdaq: CSIQ) and First Solar (Nasdaq: FSLR).
Get the most recent insight from Zacks Equity Research with the free Profit from
the Pros newsletter: http://at.zacks.com/?id=2678
Here is the latest on the Alt-Energy sector:
In President Obama's Inaugural Address on January 20, 2009, T. Boone Pickens,
Texas oilman, Chairman and CEO of BP Capital and Director of Clean Energy Fuels
Corp. (Nasdaq: CLNE), along with millions of Americans, heard our new President
Obama pledge to transform U.S. energy policy. Mr. Pickens is committed to this
goal and believes that the president's goals are bold yet achievable.
Mr. Pickens has inspired over 1 million volunteers, known as Pickens' Army, to
pressure government for a change in energy policy. In addition, his role at
Clean Energy Fuels is committed to convert commercial fleet vehicles to natural
gas. Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an
alternative fuel for vehicle fleets in the United States and Canada. The Company
offers a solution to enable customers to run their fleets on natural gas. It
designs, builds, finances and operates fueling stations, and supplies customers
with compressed natural gas (CNG) and liquefied natural gas (LNG).
The Obama Administration has already begun working with Congress on a stimulus
plan to create more new jobs and return to economic growth by investing heavily
in renewable energy sources such as solar and wind power, rebuilding the U.S.
electricity transmission grid and ultimately reducing U.S. dependence on foreign
oil and ending oil.
We favor companies offering photovoltaics (PV) and large-scale concentrated
solar power (CSP) and nuclear systems over other forms alternative energy such
as biofuels, geothermal or hydropower. Alternative energies plays such as
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CSIQ) and First Solar (Nasdaq: FSLR).
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros
newsletter: http://at.zacks.com/?id=2679.
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SOURCE: Zacks.com
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Visit: www.zacks.com
Copyright Business Wire 2009
-0-
KEYWORD: United States
North America
Illinois
INDUSTRY KEYWORD: Professional Services
Finance
SUBJECT CODE: Economic News/Analysis
The "mysterious" private owners were also the inventors of the Myovad device and IMO are entitled to fair compensation for their efforts. Time will tell whether $8.6mm was a fair price.
"There's no suggestion that the 4.923 million shares were held throughout those years by Myotech's private owners. In fact it's entirely possible that they sold them at that time or shortly afterwards"
There is also no suggestion to indicate otherwise!
Regards,
I agree and I disagree here's why----
The 4.923mm shares of stock used to acquire the initial 35% interest were returned to BIPH when Myotech was dissolved. As you indicate these shares held a carrying value of roughly $8.4mm. When they were returned to the treasury the value was $68,923 resulting in a write down of $8,398,775 which is part of the asset impairment charge. $6,211,741 was then recorded as a gain in minority interest on the financial statements. All of which brings us to the Loss from discontinued operations of $ (8,635,464 )
-------------------------------------------------------------
Loss on disposal of assets $ (49,510 )
Impairment of intellectual property (14,564,958 )
Loss from Myotech operations (232,737 )
Minority interest 6,211,741
Loss from operations of discontinued operations $ (8,635,464 )
------------------------------------------------------------
It appears to me that BIPH may have sold the MRI patents to Medtronic with the specific intention to acquire exclusive rights to the Myovad device which would answer your question as to where the $11mm went. Note that cash payments to Myotech began after the Medtronic sale. Total cash changing hands was the $8.6mm that I referenced earlier. As a result BIPH now exclusively owns all rights to the CSS device which others have stated "may" be worth billions at a cost of $8.6mm. I believe that Management knew exactly what they were doing and are executing the strategy beautifully. Remember that these patent assets have yet to issue and it is not possible to license or recieve royalties from IP until that milestone is achieved.
-----------------------------------------------------------------------
As part of the distribution of Myotech assets, 4,923,080 shares of Biophan common stock, par value $.005 were transferred from Myotech LLC to Biophan. On the date of transfer, the stock had a fair value of $68,923. The Company recorded a charge against paid in capital equal to $8,398,775 since the stock was previously accounted for as treasury stock in the consolidated financial statements.
http://www.sec.gov/Archives/edgar/data/1084000/000114420409002615/v137456_10q.htm
Thanks for the insight, now how about the Myotech IP/assets purchase price, do you agree with the 8.6MM figure?
Zero dillution for the quarter is nice to see.
Class outstanding as of October 10, 2008 - Common Stock, $.005 par value: 243,285,264 shares
http://www.sec.gov/Archives/edgar/data/1084000/000114420408057607/v128765_10q.htm
Class outstanding as of January 16, 2009 - Common Stock, $.005 par value: 243,285,264 shares
http://www.sec.gov/Archives/edgar/data/1084000/000114420409002615/v137456_10q.htm
I am attempting to understand what BIPH paid for Myotech and have come to the following, based on the filing. It appears that $8,686,000 in cash and 4,923,000 shares were issued. Also from the filing the 4.923mm shares were returned to BIPH when Myotech was dissolved.
I am hoping some of you might check my math and see if you come to the same conclusion. TIA
NOVEMBER 30, 2008
INVESTMENT IN MYOTECH, LLC:
Effective November 30, 2005, we entered into a Securities Purchase Agreement for the acquisition of an initial 35% interest in Myotech, LLC ("Myotech"), a New York limited liability company, whereby we exchanged 4,923,080 shares of our common stock, par value $.005, for 3,768,488 Class A (voting) units of Myotech.
Based upon the terms of the Securities Purchase Agreement, we were obligated to purchase for cash consideration of $2.225 million an additional 811,037 Class A units and could have elected to acquire up to an additional 3,563,097 Class A units for further cash consideration of up to $9.775 million, over a 24-month period, which would have resulted in the Company owning a majority interest in Myotech. Through October 1, 2007, Biophan provided an aggregate of $4,636,040 of additional funding in exchange for 1,682,234 newly issued Class A units of Myotech, which raised our ownership percentage to 44.1%.
On October 2, 2007, we entered into a revised Securities Purchase Agreement with Myotech pursuant to which the Company agreed to purchase from Myotech up to an additional 15,496,547 Class A membership units for an aggregate purchase price of $3,200,000. Prior to the execution of the Agreement, Biophan owned 5,408,194 Class A membership units. Upon execution of the revised Agreement, Biophan purchased an additional 9,316,547 Class A membership units upon the payment of an aggregate initial purchase price of $1,200,000 bringing our ownership percentage as of November 30, 2007 to 68.02%. Thereafter, upon the satisfaction of certain conditions, Biophan had the right to purchase an additional 6,180,000 Class A membership units for a purchase price of $2,000,000, which would increase our ownership percentage to approximately 75%.
On June 30, 2008, we entered into an amendment to the Securities Purchase Agreement dated October 2, 2007, that upon completion of certain closing obligations, calls for us to purchase an additional 6,180,000 Class A membership units, for an aggregate purchase price of $2,000,000. Under the terms of this amendment, we have purchased a total of 1,854,000 Class A units for an aggregate total of $600,000, increasing our ownership to 70.6% as of October 17, 2008, the date of dissolution.
The increase in our equity interest under the October 2, 2007 revised Securities Purchase Agreement and the June 30, 2008 amendment to the Securities Purchase Agreement for consideration of $1,200,000 and $600,000, respectively, was at a per-unit price that was less than the then book value per unit. The aggregate excess of the book value over the cost, or negative goodwill, in the amount of $5,216,958 was allocated to reduce the stated value of the Myotech intellectual property in consolidation.
On October 17, 2008, the Company elected to dissolve Myotech LLC and distribute its net assets according to the terms of the Myotech LLC operating agreement. All of the rights under the Myotech CSS patents were transferred to Biophan. Management performed a test for impairment that included the income approach methodology of valuation, utilizing both discounted and undiscounted cash flows from future royalty payments, assuming current market conditions and considering probabilities under several scenarios. As a result, the Company recorded a charge for impairment of approximately $14.565,000 which is included in the Company’s loss from discontinued operations.See the Discontinued Operations footnote for more detail.
Prior to our obtaining a majority interest, we determined Myotech was a Variable Interest Entity within the meaning of FIN 46(R) and the Company is the primary beneficiary (as defined in FIN 46(R)). Consequently, the financial statements of Myotech have been consolidated with our consolidated financial statements for all periods ending on or after November 30, 2005, the date of our initial investment in Myotech. However, on October 17, 2008, when Myotech was dissolved the Company reclassified the results of Myotech operations for all prior periods into loss from discontinued operations.
As part of the distribution of Myotech assets, 4,923,080 shares of Biophan common stock, par value $.005 were transferred from Myotech LLC to Biophan. On the date of transfer, the stock had a fair value of $68,923. The Company recorded a charge against paid in capital equal to $8,398,775 since the stock was previously accounted for as treasury stock in the consolidated financial statements.
EXCLUSIVE: 800-Pound Gorilla Scanbuy Speaks Out On Barcode Controversy; Why Open Is Good, But Managed Might Be Best
Author: Peggy Anne SalzMy last post on 2D barcodes sparked an interesting debate on the recent CTIA white paper, a work-in-progress that - though a step in the right direction - prematurely calls a winner in the barcode battle, and patently fails to detail the contribution of each company/player in the emerging ecosystem. I am pleased at the amount (and quality) of feedback I received, both in the form of comments on MSG and in personal emails asking to take the discussion off-line, and overjoyed that companies have asked me to elaborate my arguments in a white paper, a proposition I am seriously considering.
But today I can say the response to my post (and the observation that key stakeholders such as advertisers should be consulted at this stage) is finally complete. Scanbuy CEO, Jonathan Bulkeley - who has so far respectfully declined opportunities to formally respond to the CTIA white paper - has reached out to MSG to set the record straight and provide his side of the story.
My personal thanks to Jonathan for pro-actively contacting me and granting me two interviews. One is a detailed Q&A (below) addressing talk that the white paper - because it mandates that a code reader application (the application that scans the 2D barcode and actually decodes the alphanumeric data string that is encoded into a 2D barcode) includes support for EZcode - has effectively called Scanbuy’s solution a winner before the race is run. The second is a podcast interview to discuss Scanbuy’s strategy, roadmap, and larger view of market trends. (Jonathan agreed to an exclusive podcast interview a few weeks back, but important developments, including the news that Scanbuy now offers a Google Android version of its ScanLife multi-barcode reader, require us to update the material.)
Q: Let’s begin with the controversial white paper. What’s the real issue here?
A: I think the whole issue revolves around whether Scanbuy is a proprietary solution, and what proprietary means in the barcode industry. We’re labeled - or rather positioned - as a proprietary solution and that’s not entirely accurate. Let me turn the question around: Are short codes an open or closed system?
Q: They are a mechanism that allows everyone to get involved in selling and collecting payment for mobile content…
A: Right, but not anybody can create a short code. You have to register it and pay for it. So, it’s in many ways a closed system. In barcodes it gets more complicated. The codes are split and some codes are called open source, like Data Matrix, and some are seen as proprietary, like our EZcode. But both of those codes are just a series of numbers that are indexed. I think the barcode market will evolve so that all the systems and the geographies will be closed proprietary systems, like common short codes, and which code is used is therefore somewhat irrelevant. I’m glossing over one key issue, which is the direct versus indirect discussion.
Q: We’ll get to that. But let’s get back to open and closed. What is the white paper proposing in your view?
A: The CTIA white paper proposes a closed system. It has different components to it, but you begin by having to register a code. Let’s say you’re Coke. You’ve got to register a code, which means you have to buy it from somebody. You can’t create a code and put it out there. It has to work within the proposed CTIA infrastructure and system - and that’s a closed architecture. There may be various vendors and competitors that work within that system over time, but it’s controlled by the U.S. carriers, so there’s nothing open about that.
So, we then have the whole question about direct versus indirect codes. Direct codes as they exist in Asia today are open, because anyone can create one and it’s free. You don’t have to register it anywhere because the content is typically a URL embedded inside the code. The model in Japan worked because carriers were generating data revenue from consumers who were being charged for data rates to scan codes. That was the business model: Codes are free, but we’re charging consumers to scan.
Q: But that’s not the model going forward, right?
A: The whole world is going flat rate, so consumers aren’t going to pay to scan. So, the model going forward is about charging advertisers to be scanned, and to do that you need a system that, like a short code system, allows you to register and bill for that transaction.
Q: And a new model requires a new approach - even a proprietary approach to work?
A: Closed may not be the right word, and proprietary may not be the right word - but there is a need for controlled and managed infrastructures that will allow this to happen in a coordinated way that works across carriers and across handset manufacturers. It’s not free and I don’t think it should be free.
Q: So you are saying it’s about ubiquity and results. Open may not be the best route to achieving these objectives…
A: We provide infrastructure to our carriers and handset manufacturers to build this business to a specific geography. Our handset software allows you to read codes and it reads our codes. It reads [open source] Data Matrix and QR, and it also reads our EZcodes. We don’t really care what the code is - the software reads all major formats. It’s up to the carrier in that market as to which codes they want to support, but we’re not choosing or forcing anybody to pick any specific code symbologies.
Q: It sounds a little like semantics. But let’s get past that. Let’s accept that we need a managed infrastructure that gives carriers more of a say, and let’s accept that Scanbuy is therefore not proprietary. Now let’s get to the concerns of companies worried there’s not really a clear path on how to interact with you, because you are more closed than open.
A: I understand the question, but there are a number of vendors selling codes in the U.S. and none of them is open. These companies - whether it’s a NeoMedia or someone else - are part of a closed system because of the model here. The carriers are deciding on what the structure is going to be, and they’ll pick vendors which will fit into that structure. Effectively, all of those vendors will be working within that closed system.
Q: What about the brands and advertisers? In my post, companies voiced a concern that their customers would be doing campaigns on your system allowing your company too much visibility into their client base and their results.
A: Coke comes to us and creates a code, the code exists in our database, and whenever a scan happens, it comes and hits our database and we will forward that information to Coke.
The way the CTIA white paper is set out, you can see that they expect to have multiple campaign managers at some point in time, maybe within the next year. So Coke, or their agency or whoever is running the campaign for them, has to go to one of those campaign managers. It might be us, it might be somebody else. The point is, that campaign manager will provide the data to the agency or to Coke, so I don’t see how Scanbuy is any different from other campaign managers.
Q: But you are effectively mandated by the white paper, so that does make a difference.
A: Right now, we’re the only one that’s authorized to be out there. But there will be more. Maybe not 50, but there will likely be another two or three companies, and we’re not going to have an advantage over them. Each will collect data and provide it to whoever created the barcode.
Q: Let’s get back to the direct versus indirect discussion.
A: Most of the markets that are developing around the world right now are going to be indirect. Direct codes don’t provide the ecosystem with a revenue model that justifies bundling software and pushing this in a major way. It did in Japan, because they were charging consumers to scan, but that is not what’s going to be the model going forward. Now it’s ‘advertisers pay’, and they will pay because they want to pay to reach consumers.
Q: What about the hybrid model that I suggested in my post?
A: Well, it’s quite close to the model the CTIA white paper outlines. In it there’s a registry and there’s a clearing house function. Both the registry and the clearing house are separate entities, and there are campaign managers. So, there is no one company or one entity that controls everything. It just so happens we’re the first one picked.
Q: To be clear: You are saying there is room for more and you just happen to be first. You disagree with charges that the paper calls the outcome of the race before it has been won. In other words, we have to start somewhere and you just happen to be among the first.
A: Exactly. How did this happen? We drove the market in the U.S. We had all the carriers together for a pilot, we implemented the pilot, we got lots of advertisers to use codes, and we gave them a system that supported that pilot. We were the first ones to act, but there will be four, five or six companies that work actively in the space and support this ecosystem. We won’t be the only one and that’s OK. You don’t really want 20 companies trampling all over each other doing the same thing. It’s early days so you want to keep it fairly simple to start and make sure it all works - figure out pricing and get that right with advertisers and marketers and media, and then build it over time.
Q: Where’s the market and where’s the money?
A: I think it will be slow over the next couple of years but it will be huge long-term. A recent [Pew] study tells us the mobile device will be the primary way we access the Internet by 2020. So, the question arises: How do you get to content quickly, particularly if that content is hyperlinked to what’s around you? You’re not going to want to either type in a URL or navigate to it from the Web. You will want to point, click, and go. That’s a huge market and opportunity for barcodes.
Q: What about fragmentation. You talk about the U.S. carriers calling the shots, but their objectives may not line up with how operators elsewhere are approaching this.
A: Actually, we’re seeing markets deploying a system that is consistent geographically. Take our commercial launches in Spain and Mexico. Carriers in those markets are deploying an infrastructure that’s going to work - one code symbology typically embedded handset software that will work with the registry and clearing house function within the market, and also work for advertisers. These geographies are deploying their own solutions and they will - at some point - interoperate. But right now that’s not the focus, so each market is developing its own structure. As it happens, most of the structures look fairly similar and will allow those to interoperate with other geographies as they grow.
NOTE: I have provided both sides of the argument, and now it’s your turn. I welcome your comments, and I invite you to submit questions for my upcoming podcast interview Jonathan. I can’t guarantee that I can cover them all- but I will do my best!
Tags: 2D barcodes, Android, Google, Mobile Advertising, NeoMedia, Scanbuy
http://www.msearchgroove.com/2009/01/20/exclusive-800-pound-gorilla-scanbuy-speaks-out-on-barcode-controversy-why-open-is-good-but-managed-might-be-best/
Thanks JP, I was already aware of that PR, just a follow up with newer material that I hadn't seen posted, looks like the project is moving forward..
List of supported mobile phones:
All Symbian Series 60 or higher based phones
We suggest to use Nokia phones!
From beginning of 2009 also all JAVA based mobile phones will work - check frequently to see when it is available.
Did we already know this??
http://www.teccom.de/internet/siteshome/products/product_tecidentify_overview.php
TRW demonstrates 2D Code product labels in fight against counterfeiting
TRW will be demonstrating at Automechanika how it will deploy a new two-dimensional (2D) matrix code on its product box labels to protect and authenticate TRW parts, in a bid to eliminate parts counterfeiting.
TRW is one of a leading group of forward thinking automotive parts suppliers that aims to tackle product piracy by adopting the solution of using labels containing data matrix codes
The project is in line with recommendations made by CLEPA
The project is in conjunction with TecCom - host of the central clearing hub ‘TecIdentify’
The labels will be introduced by TRW across Europe, on a rolling basis.
The customer authenticates products by scanning the code on the product-packaging label either with a PC and scanner connected to the Internet, or via a cell phone.
The scanned information goes to the ‘TecIdentify’ clearing hub which checks the content of this code against information, provided by TRW.
TecIdentify sends a message – green (valid) orange (warning) or red (problem) to indicate the status of the product.
Karen Landis, TRW’s Organisation Development Manager, Europe, said: “Estimates suggest that product piracy costs the automotive industry 5-10billion Euros each year. As a manufacturer of safety critical, OE quality parts for the European aftermarket, product piracy is of great concern to TRW, and we see it as our duty to address the issue.”
Karen continued: “We believe our customers have the right to genuine product and to have absolute confidence and peace of mind that the product purchased is to TRW’s standard of excellence. In an increasingly complex global market place, it is more important than ever that distributor and installer are able to ensure that the consumer is protected from rogue products”.
Messe Frankfurt also has an initiative ‘Against Copying’. As part of this, Teccom will also conduct live demonstrations on its stand.
http://www.trwaftermarket.com/en/How-can-we-help/News/TRW-demonstrates-2D-Code-product-labels-in-fight-against-counterfeiting-/
Production Start for TecIdentify
Platform to Check Authenticity of Automotive Parts Completes Test Phase
The first IT platform to check the authenticity of auto parts is fully available in Version 1.2. Many well-known manufacturers will add this new security feature in the form of a 2D barcode to their packaging. Any person anywhere in the world can now check products bearing the CLEPA security code at any time of day or night. TecCom supports the European automotive suppliers' association (CLEPA) in the fight against product piracy.
The association sees the greatest potential in the battle against counterfeit parts with an IT-supported process using barcodes that the whole industry can use. To this end the security experts from the Swiss company Vesdo AG developed a standardised security code for CLEPA.
The first to use the production system is Continental Teves. Robert Bosch, Federal Mogul and TRW will soon follow with their first product lines. Each product will carry a worldwide unique identification number in the form of a data matrix barcode. With this it can be unmistakably authenticated. Other security measures like holograms, seals or color codes depend on immediate recognition. It is necessary for the user to know in advance how to recognise the features. CLEPA follows a different method with its security code: identification using an IT solution: TecIdentity. Checking is based on intelligent test algorithms that cannot be copied and a standard database that is protected from unallowed access.
To use TecIdentify a customer needs an Internet PC with a scanner or a mobile phone with a camera to check auto parts and get an immediate answer. The research of visible security features needed to achieve the same level of security is no longer needed.
The TecCom solution TecIdentify serves as the central authentication service for all who want to check a part's authenticity: manufacturers, customs, traders, garages or drivers. “Many of our first movers used this year's Automechanika in Frankfurt to explain the problems of product piracy to their customers. TecIdentify is a natural fit. That TecIdentity won the Automechanika Innovation Prize in the Category IT & Management shows the high visibility of this topic,” says Jürgen Buchert, CEO of TecCom GmbH.
You can find more information at www.tecidentify.com. Ralf Stonies (ralf.stonies@teccom.eu) is standing by to answer your questions.
http://www.teccom.de/internet/siteshome/press/news_2008_11-12_tecidentify_productive_start.php
http://www.teccom.de/internet/siteshome/products/product_tecidentify_overview.php
Let me be one of the few to publicly thank you for your part in convincing former shareholders to sell thier shares to me at these levels. I happen to be very optimistic about my chances to see a significant return on my investment regardless of the long term prospects of the company.
Some pholks only hear what they want to hear any you can't change that.
Couple of big if's in that post btw.
If you come across a "squeaky clean company with lots of prospects" trading at .0115 and a market cap a little more than 2.5mm please let us know. I'm always looking for that kind of utopia!
You are correct -- no relationship to CSS.
And this one has hit a snag, (distended heart remodeling treatment)
This application is a Continuation in part of 10/607,434
06-26-2003 Pending
Looks like this one is in trouble.
Parent Continuity Data
This application is National Stage Entry of PCT/US04/42909 12-20-2004
is a continuation of 10/783,735 02-20-2004 Patented 7,020,517
"Let’s be clear that PHEI only represents Phantom Entertainment. I need to approve the final artwork of teh lapboard and functionality then the rest of the production will commence. I need to hold it in my hands and test the product before 1000s are made."
http://pheiblog.wordpress.com/2008/12/03/feeling-the-tension-on-the-blog/
Regards,
Looks like some real meaningful uncensored discussions going on over there. Think I'll stay right here as I see no reason to engage in the personality debate. I will continue doing my own DD and making my own decisions. Should I come across anything interesting (good or bad)I will post it here for the benefit of potential new investors in BIPH. It is apparent that long term longs have their fill and new blood is needed to revive the BIPH PPS.
Good luck
Quoted from the filing--
Explanation: Biophan Technologies, Inc. expects to report a significant consolidated net loss from operations for the three month period ended November 30, 2008, as compared to the same period during the prior fiscal year. The current period loss was generated from the extinguishment of debt recorded in connection with the Company’s early elimination of its Senior Secured Debt, and as a result of the dissolution of one of its majority-owned subsidiaries. The Company is unable to file by the prescribed due date as a result of accounting and reporting requirements associated with discontinued operations and is in the process of finalizing the net loss and net loss per share amounts.
http://ih.advfn.com/p.php?pid=nmona&cb=1232043223&article=35798393&symbol=NB%5EBIPH
Dr. tet It looks like your leavin it up to me to pick up these cheap shares but there aren't many available at the bid. Yesterday when I came off the bid to the ask they immediatly moved the ask up but I got some 12's anyway.
I'm thinking the loser of the wrestling match ought to demonstrate the CSS device for the rest of us while we drink the beer and watch. LOL
The case was docketed to an examiner in the GAU in Oct of 07, are we starting over?
USPTO update!
New examiner??
Case docketed to examiner in GAU??