October 23, 2017 Strikeforce Technologies, Inc. (OTCMKTS:SFOR)
SHARES LAUNCH ON PATENT RULING - FINANCE REGISTRAR
NORMAN WESTBROOK -
Strikeforce Technologies Inc (OTCMKTS:SFOR) is back in the spotlight after the stock broke higher last week, ripping about 200% in a few days on a massive jump in volume. The catalyst for the move was very clear: the company just announced that the Patent Trial and Appeal Board of the United States Patent and Trademark Office denied two petitions for inter partes review that were filed by several other companies (Centrify Corporation, Duo Security, Inc., and Trustwave Holdings, Inc).
According to the release, “petitioners had challenged numerous claims of U.S. Patent No. 8,484,698. The ’698 patent is titled “Multichannel Device Utilizing A Centralized Out-Of-Band Authentication System (COBAS)” and relates to StrikeForce’s unique multichannel out-of-band authentication solution, and is among the patents asserted by StrikeForce in various district courts, including in Massachusetts, New Jersey, and California. At this time, no other IPR directed to claims of StrikeForce’s patents is pending before the PTAB.”
Strikeforce Technologies Inc (OTCMKTS:SFOR) trumpets itself as a software development and services company in the United States and internationally. The company owns the right to develop and license various identification protection software products to protect computer networks from unauthorized access, and to protect network owners and users from identity theft. Its cybersecurity products include ProtectID, an authentication platform to authenticate computer network users by various methods, including traditional passwords combined with a telephone, iPhone, Droid, Blackberry, PDA, or multiple computer secure sessions, biometric identification, and encrypted devices; and GuardedID that prevents the use of spyware/malware to collect user information.
The company’s cyber security products also comprise MobileTrust, an iPhone/iPad and Android device password vault that includes a password generator, as well as provides for Mobile Multi-Factor One Time Password authentication; and GuardedID mobile software development kit. In addition, it provides software and hardware that are contractually licensed from other vendors, which include VASCO tokens, as well as additional authentication and telecommunication software devices.
The company was formerly known as StrikeForce Technical Services Corporation and changed its name to StrikeForce Technologies, Inc. in September 2004. StrikeForce Technologies, Inc. was founded in 2001 and is based in Edison, New Jersey
As noted above, shares of SFOR skyrocketed higher on news that the US patent review authorities denied attempts to put SFOR IP up for grabs through a review process involving multiple parties.
The PTAB ruled: “Having considered the Petition and the Preliminary Response, we determine that the information presented does not show that there is a reasonable likelihood that Petitioner would prevail in establishing the unpatentability of any of the challenged claims of the ’698 patent. Thus, for the reasons given below, we deny institution of an inter partes review.”
The stock’s reaction to this statement demonstrates the importance of its wording. It is relatively unassailable and definite, which helps to convince market participants that they won’t turn around tomorrow and see the patent back up for grabs.
Mark Kay, CEO of StrikeForce, commented, “We are pleased with the PTAB’s decision to deny institution of the IPRs filed by Centrify, Duo, and Trustwave. We believe the PTAB’s decision further demonstrates the importance and value of StrikeForce’s inventions.”
Traders will note just shy of 130% tacked on to share pricing for the stock in the past month, a bounce that has taken root amid largely bearish action over the larger time frame. That said, SFOR has evidenced sudden upward volatility on many prior occasions. What’s more, the company has registered increased average transaction volume recently, with the past month seeing 360% over what the stock has registered over the longer term.
Earning a current market cap value of $47.3M
$47.3 Million???....Give it another 3-6 months and we'll see where they say the Market Cap is!!
SHARES LAUNCH ON PATENT RULING - FINANCE REGISTRAR
NORMAN WESTBROOK -
Strikeforce Technologies Inc (OTCMKTS:SFOR) is back in the spotlight after the stock broke higher last week, ripping about 200% in a few days on a massive jump in volume. The catalyst for the move was very clear: the company just announced that the Patent Trial and Appeal Board of the United States Patent and Trademark Office denied two petitions for inter partes review that were filed by several other companies (Centrify Corporation, Duo Security, Inc., and Trustwave Holdings, Inc).
According to the release, “petitioners had challenged numerous claims of U.S. Patent No. 8,484,698. The ’698 patent is titled “Multichannel Device Utilizing A Centralized Out-Of-Band Authentication System (COBAS)” and relates to StrikeForce’s unique multichannel out-of-band authentication solution, and is among the patents asserted by StrikeForce in various district courts, including in Massachusetts, New Jersey, and California. At this time, no other IPR directed to claims of StrikeForce’s patents is pending before the PTAB.”
Strikeforce Technologies Inc (OTCMKTS:SFOR) trumpets itself as a software development and services company in the United States and internationally. The company owns the right to develop and license various identification protection software products to protect computer networks from unauthorized access, and to protect network owners and users from identity theft. Its cybersecurity products include ProtectID, an authentication platform to authenticate computer network users by various methods, including traditional passwords combined with a telephone, iPhone, Droid, Blackberry, PDA, or multiple computer secure sessions, biometric identification, and encrypted devices; and GuardedID that prevents the use of spyware/malware to collect user information.
The company’s cyber security products also comprise MobileTrust, an iPhone/iPad and Android device password vault that includes a password generator, as well as provides for Mobile Multi-Factor One Time Password authentication; and GuardedID mobile software development kit. In addition, it provides software and hardware that are contractually licensed from other vendors, which include VASCO tokens, as well as additional authentication and telecommunication software devices.
The company was formerly known as StrikeForce Technical Services Corporation and changed its name to StrikeForce Technologies, Inc. in September 2004. StrikeForce Technologies, Inc. was founded in 2001 and is based in Edison, New Jersey
As noted above, shares of SFOR skyrocketed higher on news that the US patent review authorities denied attempts to put SFOR IP up for grabs through a review process involving multiple parties.
The PTAB ruled: “Having considered the Petition and the Preliminary Response, we determine that the information presented does not show that there is a reasonable likelihood that Petitioner would prevail in establishing the unpatentability of any of the challenged claims of the ’698 patent. Thus, for the reasons given below, we deny institution of an inter partes review.”
The stock’s reaction to this statement demonstrates the importance of its wording. It is relatively unassailable and definite, which helps to convince market participants that they won’t turn around tomorrow and see the patent back up for grabs.
Mark Kay, CEO of StrikeForce, commented, “We are pleased with the PTAB’s decision to deny institution of the IPRs filed by Centrify, Duo, and Trustwave. We believe the PTAB’s decision further demonstrates the importance and value of StrikeForce’s inventions.”
Traders will note just shy of 130% tacked on to share pricing for the stock in the past month, a bounce that has taken root amid largely bearish action over the larger time frame. That said, SFOR has evidenced sudden upward volatility on many prior occasions. What’s more, the company has registered increased average transaction volume recently, with the past month seeing 360% over what the stock has registered over the longer term.
Earning a current market cap value of $47.3M
$47.3 Million???....Give it another 3-6 months and we'll see where they say the Market Cap is!!
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