Actually you don't, so
let me fill in the blanks that some intentionally leave out -
I get one post a day, so bear with me on this:
Let’s talk Patents first: The company owns several, plus a portofilio of other intellectual property
RXSF’s exclusive rights to base patent has a variety aspects to Claim1 that the balance of the patent is based on. So let’s take a really good look at that before we dig further in to see what the patent really covers. This should be interesting.
Claim 1- This is taken directly from the issued certified patent at the USPTO
What is claimed is:
1. A biometric verification device for providing secure access to a unit connected to the device, the device comprising: a. a biometric sensor capable of sensing a biometric trait of a user that is unique to said user and providing a first signal containing information representing said biometric trait; and b. a processing unit connected to said biometric sensor so as to receive said first signal, said processing unit being adapted to compare said information with biometric data stored in said processing unit representing a biometric trait of an enrolled person, and provide a verification signal indicating whether or not said information corresponds sufficiently with said biometric data to verify said user is said enrolled person, wherein said processing unit completes said comparison and generates said verification signal within 20 seconds of when said biometric sensor senses said biometric trait, said biometric sensor and processing unit, together being configured to use no more than 1W of peak power.
2. A device according to claim 1, wherein said biometric trait is a fingerprint.
3. A device according to claim 1, wherein said biometric trait is an iris pattern from an eye.
4. A device according to claim 1, wherein said processing unit completes said comparison and generates said verification signal using no more than 400 mW of peak power.
5. A device according to claim 1, wherein said processing unit completes said comparison and generates said verification signal within 7 seconds of when said biometric sensor senses said biometric trait.
6. A device according to claim 1, wherein said processing unit stores said biometric data representing a biometric trait of an enrolled person using no more than 1 K bytes of data.
7. A device according to claim 6, wherein said processing unit stores said biometric data representing a biometric trait of an enrolled person using no more than 256 bytes of data.
8. A device according to claim 1, further including one or more batteries that comprise the sole source of power for the device.
9. A device according to claim 1, wherein said processing unit includes non-volatile (flash) memory for storing said biometric data representing said biometric trait.
10. A device according to claim 1, further including a wireless interface for connecting the device with the unit.
11. A device according to claim 1, further including a wires interface for connecting the device with the unit. (this was amended to say “wired”)
12. A device according to claim 1, wherein said processing unit performs said comparison with false acceptance rate of less than 0.5% and a false rejection rate of less than about 5%.
13. A device according to claim 1, further including an external unit connected to said processing unit, said external unit being operable independently of said sensor and processing unit upon receipt of said verification signal indicating said user is said enrolled person.
14. A device according to claim 13, wherein said external unit is remote from said sensor and processing unit.
15. A device according to claim 13, wherein said external unit is physically proximate said sensor and processing unit.
16. A device according to claim 1, further wherein said processing unit modifies said image to account for variations in said output signal from an absolute value arising from at least one of (a) manufacturing variations and (b) expansion and contraction arising from changes in pressure and environmental factors.
OK, seems pretty straight forward. A point has been raised that this patent ONLY applies to a “pill box”, which any patent attorney would tell you is absolutely ludicrous. To REALLY find out what all the above means, we have to go to the area titled “DETAILED DESCRIPTION OF THE INVENTION”. And here it is. I am going to “exerpt, those descriptions, that the Patent examiner APPROVED, in order to allow clearer focus on what this technology patent actually covers …….
DETAILED DESCRIPTION OF THE INVENTION
Referring to FIG. 1, the present invention is a low-power, standalone, fully self-contained, battery-powered fingerprint enrollment and verification device 100. As described in more detail below, device 100 permits rapid enrollment of multiple fingerprints and permits rapid verification that the fingerprint of a user corresponds to a previously enrolled fingerprint. These functions may be achieved using as a power source two conventional AAA alkaline batteries which, depending upon frequency of use, typically last for 6 months or more. As used herein, the term "fingerprint" includes thumbprints and toeprints.
AND HERE IS THE MEAT
Device 100 is designed to provide secure access to external unit 140 that is connectable with device 100 via an interface 150. Virtually any device or system may be used with device 100. Thus, for example and without limitation, external unit 140 may be any of the following devices: computing devices such as laptop computers, desktop computers, and calculators; PDAs; portable communications devices such as cellular telephones, beepers, pagers and PDAs; security systems such as those used in a home, business or automobile; weapons; and any other device where it is desired to restrict access to only previously authorized persons.
Interface 150 is used to connect device 100 to external unit 140 via connection 160. Connection 160 may be wired or wireless. In this regard, connection 160 may comprise, for example, a full duplex asynchronous serial bus standard similar to RS232, Universal Serial Bus (USB), Weigand bus, serial form, 1.sup.2 C, SPI, parallel, PS 2, Infrared Data Association (IrDA), Bluetooth and Palmnet, and any other wired or wireless communication protocols. In addition, connection 160 may be a custom communication protocol.
Thus, device 100 may be positioned immediately adjacent external unit 140 or may be located a substantial distance away from the external device. In fact, in some cases it may be desirable to integrate device 100 and external device 140. In this case, connection 160 may be simply a wire extending between device 100 and external device 140. When so integrated it is a misnomer to described device 140 as "external," and so this term encompasses devices 140 that are both separate from and intimately integrated with device 100.
So RXSF technology absolutely covers any device (including lock boxes, safes, cards (like smartcards), the company medical devices as well as the devices stated in the application – as long as RXSF’s covered technology operates within the stated parameters, using less than 1 watt of power, small template, less than 7 seconds to produce a result, etc……….
If you read the patent quickly and don’t look at the detailed descriptions, then you sometimes make mistakes. Now all of the specifications were actually designed to minimize power consumption, and no other company has come up with a more powerful patent when it comes to a non-networked biometric unit. This patent provides protection only to battery-operated biometric products, and that’s the point no matter who wants to spin it.
RXSF is obviously not a patent troll, or it would be spending all its money pursuing other bigger companies. Rather, the history here is to use the leverage of its IP to partner with bigger brands (like they did in the past) to develop innovative and cost-savings secure products.
Lets use a smart card or credit card for example. A smart card for instance, is a stand-alone external product/unit capable of providing sensitive financial and other information. It has its own functions within its own micro processing chip. Now if you put a fingerprint reader on that card, power it with a battery, and its internal matching components and processes meet RXSF IP criteria……uhhhh…you have a patent violation. It’s that simple. So when an “outsider” challenges the validity and scope of another company’s IP, and tries to “limit” its application by pointing to language that does not exists in the claims (like pill box), has am ulterior agenda. Any product that meets the power, matching speed and template sizes, and relies on that system to provide authentication, well, would violate RXSF patent rights.
The "toxic loans" are subject to strict leak out agreements. Its not a free for all for the holders. Thats the best you can get right now.
The convertible preferrers are a non-issue, because they are locked up from january for over a year, then further restricted by rule 144. So if your still holding this time next year, chances are you saw great progress and great accretion o your holdings, if not, you probably got out before any perceived threat from the preferred holders.
Past attempts to monetize the technology, were MORE than successful. In the home improvement and security market, this management not only innovated fingerprint products before Apple and Samsung did, they SOLD 40,000 garage door openers to Home Depot, having sold more than 20,000 gun safes to COSTCO, having 100 year old security brands such as Honeywell and MasterLock give them their brands - at no cash or upfront cost...... The ONLY reason why they had trouble last time was that those products were consumer high end tech products, and when the market crashed, they pst an $8M funding, their partners canceled programs as they were laying off 20% of their workforces, and consumers just were;t buying high end luxury security products at the end of 2008. Its always better to make sure the WHOLE story is explained rather than bits. It helps investors to understand the bigger picture and assess the risks for themselves.
