Microsoft, and Touchtype, Inc. dba Swiftkey
Published: Apr 26, 2016 9:30 a.m. ET
VANCOUVER, April 26, 2016 /PRNewswire/ - WordLogic Corp. (otcqb:WLGC), the predictive intelligence technology company, announces that a mandatory settlement conference was set for February 29, 2016. On the very same day, Microsoft acquired Touchtype, Inc., dba Swiftkey for $250 million USD dollars.
"Discussions were pushed forward and Microsoft shielded Swiftkey from any settlement by way of its RPX license to WordLogic's patents. Microsoft and RPX, both threatened WordLogic with sanctions if WordLogic does not withdraw from the case. A foreign company profits on the back of U.S. patented technology then moves to the U.S. and gets acquired by a large U.S. company – Microsoft, and Microsoft bullies the small U.S. company that created this technology ten years before Swiftkey existed. I guess this behavior is what Donald Trump means when discussing the problems in America" - Mr. Frank Evanshen, CEO WordLogic Corp.
The Company will consider its next approach in this matter. Moving forward WordLogic will focus on getting its REACH patent pending technology to the market.
About WordLogic Corporation
WordLogic Corporation develops, markets, licenses and sells advanced predictive platform software designed to accelerate information discovery and text input. The Company's innovations operate on a wide variety of devices including smartphones, PCs, cell phones, Smart TV, media players, automotive navigational systems, infotainment and game consoles. The Company's intellectual property portfolio includes U.S. and European patents and numerous pending patent applications.
For more information about WordLogic Corporation, visit wordlogic.com. To send a message via Twitter, contact us at twitter.com/wordlogiccorp or visit us on Facebook at facebook.com/wordlogiccorp. WordLogic headquarters are located at 1130 West Pender Street, Suite 230, Vancouver, BC, Canada.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements and are subject to risks and uncertainties. See WordLogic's filings with the US Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
SOURCE WordLogic Corp.
Copyright (C) 2016 PR Newswire. All rights reserved
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Have no shares. Sold when Frank was to have been replaced as CEO and then returned to that position. Crappy self-serving PR he released!
WLGC
