Alpha Modus Takes Legal Action Against MNTN for Patent Violations
Legal Action by Alpha Modus Against MNTN, Inc.
Alpha Modus Holdings, Inc. (Nasdaq: AMOD), a front-runner in AI-driven retail and fintech technology, has initiated a patent infringement lawsuit against MNTN, Inc., a company specializing in connected TV advertising. This legal action is filed in the United States District Court for the Western District of Texas.
The lawsuit is significant as it highlights the core patents that Alpha Modus relies upon to drive its innovative solutions in consumer engagement.
Key Patents Involved in the Lawsuit
At the heart of this lawsuit are three pivotal patents held by Alpha Modus:
- U.S. Patent No. 10,360,571 – This patent encompasses methods for analyzing consumer behavior in real-time, which facilitates targeted engagement.
- U.S. Patent No. 11,042,890 – This addresses systems designed to enhance in-store customer assistance through advanced monitoring and sentiment analysis.
- U.S. Patent No. 12,026,731 – This patent is centered on personalized marketing and advertising based on real-time consumer interactions and location tracking.
These patents are essential to Alpha Modus’s strategy, enabling the firm to redefine retail interactions and advertising methodologies.
MNTN's Use of Alpha Modus Patented Technology
MNTN has positioned its services to make television advertising as precise as digital mediums. However, Alpha Modus alleges that MNTN has utilized its patented systems and methodologies to enhance audience targeting and consumer engagement without authorization.
CEO's Perspective on the Lawsuit
In statements made by Alpha Modus CEO, William Alessi, he articulated the company's stance towards what they view as a dual mission of protection and partnership. He noted, "Every infringement represents a potential ally. We take these legal steps not only to protect our shareholders and our technology but also to foster amicable resolutions whenever possible. Our objective is to transform rivals into partners.”
Alessi further emphasized the widespread integration of their patented AI technology across various sectors, suggesting that more businesses, especially within retail and fintech, are likely to interact with their innovations, highlighting the need for vigilant protection of their intellectual property.
Strategic Enforcement of Intellectual Property
Alpha Modus's proactive approach to intellectual property enforcement is not a new occurrence. The company has previously pursued legal actions against notable entities, including major retailers and advertising platforms like Kroger and Coolers Screens. This strategic action underscores Alpha Modus's commitment to safeguarding its technological advancements and proprietary innovations in a marketplace valued at over $60 billion.
This lawsuit seeks several forms of recompense, including damages, injunctive relief against MNTN’s continued infringement, and assertive recognition of the validity of Alpha Modus’s patents.
About Alpha Modus
Operating under the ticker symbol Nasdaq: AMOD, Alpha Modus Holdings, Inc. is a publicly traded innovator specializing in AI technology for retail and fintech solutions. They offer scalable technology solutions aimed at enriching consumer experiences while also driving substantial revenue growth for client businesses.
Dedicated to maintaining robust consumer engagement at the point of sale, Alpha Modus aims to empower retailers and advertisers alike, leveraging an expanding patent portfolio to remain at the forefront of technological innovation in the retail space.
Frequently Asked Questions
What is the main reason for the lawsuit against MNTN?
The lawsuit primarily addresses the alleged infringement of three key patents belonging to Alpha Modus that are vital for consumer engagement technologies.
Which patents are being infringed upon in this lawsuit?
Alpha Modus claims infringement on U.S. Patent No. 10,360,571, U.S. Patent No. 11,042,890, and U.S. Patent No. 12,026,731.
What does Alpha Modus aim to achieve with this lawsuit?
Alpha Modus seeks damages and an injunction to stop MNTN's use of their patented technologies, along with an affirmation of the patents' validity.
What is Alpha Modus known for?
Alpha Modus is recognized for its AI-driven technologies that enhance retail and consumer engagement, transforming how advertising and customer interactions occur at the point of sale.
How is Alpha Modus involving itself in the growth of its technology?
The company actively pursues collaborations while also taking legal measures to protect its innovations, reflecting a dual strategy of enforcement and partnership.
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