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ImagineAR Inc
Symbol IP
Shares Issued 265,236,033
Close 2024-11-13 C$ 0.14
Market Cap C$ 37,133,045
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ImagineAR sues Niantic, alleges patent infringement

2024-11-14 09:00 ET - News Release

Mr. Alen Silverrstieen reports

IMAGINEAR FILES PATENT INFRINGEMENT LAWSUIT AGAINST NIANTIC, PUBLISHER OF THE POKEMON GO MOBILE GAME

ImagineAR Inc. has filed a lawsuit against Niantic Inc. in the United States District Court for the District of Delaware for infringement of certain ImagineAR patents related to augmented reality (AR) and virtual technology. The complaint accuses multiple Niantic products of infringement, including Niantic's Pokemon GO AR mobile game.

"We have invested years of research and substantial resources in developing our platform technology," explained Alen Paul Silverrstieen, chief executive officer of ImagineAR. "Protecting our intellectual property is vital not just for the continued growth of our company, but for the broader innovation ecosystem. We will take all necessary legal action to ensure that our hard-earned innovations are not exploited without authorization. The decision was made to look to the U.S. court system to ensure that ImagineAR is fairly compensated for the use of its technology."

ImagineAR is a pioneering force in the AR industry. Since its inception, ImagineAR's staff of engineers has designed and developed innovative ideas in the AR and digital space. These technology innovations represent a significant investment for ImagineAR and are protected by a substantial number of patents, patent applications and trade secrets.

At this time, ImagineAR will not be providing further comment regarding this legal action while litigation is pending. The company will provide public updates, as appropriate.

About ImagineAR Inc.

ImagineAR has developed an "AR-as-a-service" platform that enables sports teams and organizations of any size to create and implement their own augmented reality campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds using ImagineAR. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage with videos, information, advertisements, coupons, three-dimensional holograms and any interactive content, all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interactions are tracked and measured in real time. The ImagineAR mobile app is available in the iOS and Android mobile app stores. The platform is available as a native-mode SDK (software development kit).

We seek Safe Harbor.

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