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[March 28, 2013]
Times Three Wireless Files Four Key Patent Applications
CALGARY, ALBERTA, Mar 28, 2013 (Marketwire via COMTEX) -- NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Times Three Wireless Inc. (TSX VENTURE:TTW) ("Times Three" or the "Company") announced today that it has filed four new US patent applications related to its wireless location tracking and wireless data communication technologies.
Times Three's new patent applications cover communications protocols that minimize the effects of interference and that maximize system availability of remote location tracking and telemetry for applications in remote utility meter reading, intelligent traffic signs, automotive monitoring, road condition telemetry, vending machine reporting, road construction equipment reporting and smart grids. These important technologies are expected to become widely-adopted in the near future, involving large numbers of wireless devices.
"We are continuing our concerted effort to strengthen Times Three's existing fundamental patent portfolio by filing these applications. We are pleased to have filed for a total of thirteen new patents over the past 3 1/2 months," said William Middleton, Times Three's CEO.
About Times Three Times Three, originally founded in 1995 as Cell-Loc Inc., is a technology innovation and licensing company based in Calgary with offices in Toronto, Austin and Dallas. It has a long history of innovation and successful product development in wireless location technologies and continues to build and license its portfolio of important patents and intellectual property.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: Forward-looking statements are typically identified by words such as "anticipate", "continue", "estimate", "expect", "forecast", "may", "will", "project", "could", "plan", "intend", "should", "believe", "outlook", "potential", "target" and similar words suggesting future events or future performance. In particular, this news release contains, without limitation, forward-looking statements pertaining to the adoption of new technologies in the future that are related to the Company's new patent filings and the expectation that such technologies will involve a large number of wireless devices. With respect to forward-looking statements contained in this news release, Times Three has made assumptions regarding, among other things, the expectation that the technologies referred to in this news release will rely on the Company's new patent filings and that such technologies will become widely-adopted in the near future and involve large numbers of wireless devices; and the acceptability and enforceability of the Company's patent applications. Although Times Three believes that the expectations reflected in the forward looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this news release, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause Times Three's actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, that the technologies referred to in this news release may not be required to use, or may not license from the Company, the new patents referred to in this news release; that the Company's patent filings will be challenged, rejected or ineffective; that the technologies referred to in this news release will not become widely adopted and involve a large number of mobile devices, as well as the other factors described in Times Three's public filings available in Canada at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking statements contained in this news release speak only as of the date of this news release. Except as expressly required by applicable securities laws, Times Three does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
FOR FURTHER INFORMATION PLEASE CONTACT: Times Three Wireless Inc.
William Middleton CEO 613.897.3894 Times Three Wireless Inc. David Guebert CFO 403.569.5700 SOURCE: Times Three Wireless Inc.
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