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MMRGlobal Launches Licensed Service Offerings and Commences Patent License Discussions With Hospitals and Nursing Associations
Nov 28, 2012 (Marketwire via COMTEX) -- MMRGlobal, Inc. (OTCQB: MMRF) ("MMR") today announced that the Company has agreed to the terms of patent license agreements with three EMR and PHR vendors and has already begun making licensed services available to more than 30,000 physician accounts belonging to one of the licensees. The Company is also in the process of licensing its patented Personal Health Records technologies and other intellectual property with hospital networks, purchasing syndicates and trade associations representing thousands of hospitals, clinics and other healthcare providers in Illinois, Arizona, New Jersey Louisiana and Pennsylvania. MMR's health IT patent portfolio includes five patents issued by the United States Patent and Trademark Office including U.S. Patent Nos. 8,121,855; 8,117,646; 8,117,045; 8,301,466 and 8,321,240, as well as hundreds of additional pending claims involving provisioning of Personal Health Records and other claims and features included in Electronic Medical Records systems. MMR has an estimated 360 issued and/or pending claims in thirteen countries pertaining to the use and deployment of online Personal Health Records and other Electronic Medical Records systems, many originating as far back as 2005 (collectively, "MMR's IP"). The Company is also in talks with nursing associations regarding the use of its MyMedicalRecords Personal Health Record in the care of more than 50,000 patients. The MMR IP is believed to impact Stage 2 Meaningful Use requirements for deployment of Personal Health Records by 2014.
MMR has launched a marketing, media and trade press campaign which has reached thousands of hospitals, physician group practices and other healthcare professionals regarding purchasing the Company's products and services, and/or to discuss licensing and sub-licensing opportunities for the Company's IP globally. MMR's primary objective is to utilize its patents and other intellectual property to sell its untethered standardized PHR for the benefit of patients and their family. The MyMedicalRecords PHR can be deployed by any healthcare professional regardless of current systems including any EMR in use by a provider. The Company is also pursuing strategic relationships with vendors to cost-effectively facilitate the licensing of its IP to satisfy Meaningful Use requirements under the HITECH Act to offer PHRs. The Company received its latest patent from the USPTO, 8,231,240, yesterday.
According to Robert H. Lorsch, MMRGlobal CEO, "Over the past several months, MMR has held road shows, webinars and one-on-one meetings throughout the United States with strategic development partner Nihilent Technologies to explain the benefits of the MMR IP to healthcare executives, hospital administrators, payors and other industry professionals. The Company as the owner of its patents is working to monetize the intellectual property which it created by selling products and services that utilize its patents, unlike other organizations known as patent trolls. Our technologies allow documents, images and voicemail messages to be securely transmitted in and out of PHRs and other eHealth systems using a variety of methods, including fax, voice, file upload, email and other forms of messaging and do not rely on any specific Electronic Medical Record system to populate a PHR or portions of an EMR."
According to Jonathan A. Wiesman, Vice President at Nihilent, "As a result of the MMR patent portfolio, awareness of MMR's products and services is significant. The MMR IP opens the doors to opportunities with the largest players in healthcare. No matter the size, they are seeing the value of MMR's untethered service offering for their hospital, practice or as an employee/patient benefit. MMR also represents a cost-effective solution to provide PHRs as required under Meaningful Use."
About MMRGlobal, Inc.
