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Chinese State Intellectual Property Office Issues Favorable International Search Report on True Product ID's Chinese Joint Venture Affiliate's PCT Patent Application
Friday May 4, 9:13 am ET


BEIJING & PHILADELPHIA--(BUSINESS WIRE)--True Product ID, Inc. (TPID US) (OTCBB:TPDI - News) announced that the Chinese State Intellectual Property Office, acting as an International Preliminary Examining Authority (IPEA) under the Patent Cooperation Treaty (PCT), has issued a favorable International Search Report (ISR) with respect to the PCT application which TPID US' Chinese joint venture affiliate, True Product ID Technology (Beijing) Limited, filed on August 2, 2006, entitled "Method of Labeling and Detection of Goods and Device Thereof". An English version of the ISR is available on the website of the World Intellection Property Organization: WIPO URL Link to ISR (http://www.wipo.int/patentscopedb/en/wads2.jsp?IA=CN2006001946&LAN GUAGE=EN&ID=id00000004795811&VOL=67&DOC=011058&PAGE=1&WEEK=06/2007& WO=07/014532&TYPE=A1&TIME=1239123231&DOC_TYPE=PCT) (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra spaces if they exist.)
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In the ISR, the IPEA did not identify any publication that, alone or in combination, would prevent the invention as claimed from meeting the novelty and inventive step requirements for patentability under the PCT. While the ISR identified three publications (a Chinese patent, a US patent, and a published paper), each of these publications was classified as a "category A" publication designating it as "a document defining the general state of the art which is not considered to be of particular relevance." The application will be further examined at the national/regional stage, and additional publications affecting patentability may be identified at that time.

TPID CEO, Richard A. Bendis, stated: "Both TPID US and TPID Beijing are pleased by the favorable ISR. This is a great development and bodes well for the future success of the application and the patentability of our technology. We believe the favorable ISR represents a significant step in protecting our technology worldwide and in securing TPID's place as a global leader in the authentication and anti-counterfeiting industry, and further puts the world on notice with respect to our technology."

About True Product ID

True Product ID produces integrators for anti-counterfeiting and security surveillance applications and is a provider of integrated tracking devices. The Company delivers turnkey solutions for governments, armed forces, and industry, through its own proprietary technology and through aggregating the technology, products, and services of third parties via licensing agreements and or joint ventures. For more information about True Product ID, Inc., go to http://www.tpid.net. For more information about True Product ID Technology (Beijing) Limited, go to http://www.trueproductid.com/.

SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance or perform as intended, that we may be unable to obtain necessary financing to continue operations and development, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.