Replies to post #57551 on Micro Imaging Technology Inc (MMTC)

[Helter Skelter]

Here is the value of the patents.

Patents

In July 2002, we were granted U.S. Patent No. 6,639,672 on our MIT rapid microbe detection technology. We also received a U.S. Continuation-in-part patent on this technology on October 28, 2003 and a corresponding patent in Mexico on April 4, 2006.

Because the review and approval process associated with filing for patent protection on new products can be lengthy, we cannot be certain when, or if, foreign patents will be issued for any of our pending applications. The existence of a patent may not provide us any meaningful protection because of technological changes, the decision of courts not to uphold all or part of a patent, or because of the limited financial resources that may be available to enforce patent rights. We do not believe that any of our individual patents is of sufficient importance that its termination or expiration would have a material adverse effect on the Company. Conversely, we believe that our technical know-how and trade secrets may be more significant to our business than trademark or patent protection although we will continue to apply for patents on any inventions or improvements made in the normal course of our business.

Quite worthless, actually. Admittedly so.

[cottonmather]

that patent is pretty much nothing....... 12 years old and not much more than a scan gun in a store checkout.

Ya mean these guys have been taking peoples money for more than 12 years? Holy crap!!!!!!!

Go MMTC!!!!!!!!!!!!