Advanced Voice Recognition Systems, Inc. Updates Interference and Corporate Overview.
SCOTTSDALE, Ariz., Nov. 16, 2011 /PRNewswire/ — Advanced Voice Recognition Systems, Inc. (“AVRS”) (OTCBB: AVOI) is pleased to provide an update on the status of the Interference in the Board of Patents Appeals and Interferences (“BPAI”) and a general corporate overview.
Mitchell v. Holt Interference 105,746
The Interference was declared on March 9, 2010. The proceedings culminated with oral arguments before a panel of three judges in the BPAI on January 13, 2011. AVRS has not received any communications or decisions from the panel. Corporate counsel for the Interference proceedings indicates that the BPAI seldom communicates until the decision is delivered. We regret the delays, and we are hopeful that a decision will be delivered in the near future.
Patented Technology Update
In the last 6-12 months mobile automatic speech recognition (ASR) has made significant gains in both recognition accuracy and the complexity of applications that can be delivered on a mobile device. This is evident with the introduction of new smart phones. The Board and Management believe that this shift in the speech recognition market could yield significant opportunities to monetize our patent portfolio. As a result, we have conducted internal evaluations comparing our technology to those products we believe may be utilizing our patented technology without the benefit of a licensing agreement. We also have engaged a patent attorney to review our findings. Concurrently, we are in communication with intellectual property firms that specialize in technology commercialization to determine possible alternative courses of action.
AVRS continues to be engaged in the development of interface and application solutions for speech recognition technology. We believe that our previously reported Continuation In Part patent application (13/115,105) filed on May 24, 2011 in the United States Patent and Trademark Office (USPTO) enhances AVRS’s mobile technology position introducing major new technologies for enhanced recognition, particularly on mobile devices.
About Advanced Voice Recognition Systems, Inc.
We are a software development company with patented technology specializing in interface and application speech recognition technology. For more information please visit www.avrsys.com
Note: This news release and the Company’s web site referenced in this news release contain “forward looking statements” within the meaning of the federal securities laws regarding the future plans and expected performance of AVRS that are based on assumptions that AVRS considers reasonable. These statements are subject to risks and uncertainties that could cause actual results and events to differ materially from those anticipated, including without limitation, the unpredictability of litigation and other contested actions, the availability of financing, general economic conditions and factors that are beyond the control of AVRS. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release. AVRS undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect any change in the expectations of AVRS with respect to these forward-looking statements.
President, CEO& CFO
SOURCE Advanced Voice Recognition Systems, Inc.