Tautachrome Inc (OTCMKTS:TTCM) shares rose 10.73% to $0.0227 and were flat in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.04. The company has a market cap of $56.99 million at 3.00 billion shares outstanding.
Tautachrome Inc is a company that operates in the Internet applications space. Formerly known as Roadships Holdings Inc, it is engaged in pursuing three avenues of business activity: KlickZie technology-based business development and monetization; Smartphone application development and digital design, and Appquisitions Division’s acquisition of revenue-generating smartphone applications.
Its KlickZie Activation Platform enables consumers to download KlickZie’s free camera upgrade software into their mobile device, which thereafter activates the pictures and videos taken by their device using KlickZie technology. Its Smartphone application development and digital design business activity will be conducted by Polybia Studios, Pty Ltd. The Company’s Appquisitions Division is created as a vehicle to acquire revenue-generating smartphone applications such as PhotoSweep, which is an application that lets users select photos from their smartphone photo albums and have them printed and sent to addresses of their choosing.
Just recently, Tautachrome Inc was able to complete requirements to upgrade its listing from the OTC: Pink to the higher tier OTCQB. This offers benefits such as reporting to the US SEC, increased investor confidence, improved transparency of information to investors, elimination of stock fraud and stock promotion schemes, and increased trading liquidity.
Following this positive update, the company also reported that it has been informed by its patent attorney, Benjamin Urcia of the patent firm Bacon & Thomas in Alexandria, Virginia, that all of the currently pending authentication claims in its authentication patent have been allowed by the US Patent Office.
This is extremely good news for the Company and its investors,” said Tautachrome Inc CEO Dr. Jon Leonard. “The KlickZie authentication technology has been in the Patent Office since August 20, 2013. Our patent attorney, Mr. Urcia, met with the patent examiner yesterday to discuss claims allowance, which resulted in this achievement. I am not surprised that it has taken a long time to emerge with an allowance because authentication technology is complex and is opening a brand-new area of thinking about the meaning of authentication. I want to congratulate the other inventors on this patent for their original work and for their patient waiting: Matthew W. Staker, Robert P. Gille, Joel C. Sercel and Jeffery S. Davis.”
Publication and issuance of the patent will likely occur in the 3 to 6-week time frame after notice of allowance, according to Mr. Urcia. To expedite this, other claims relating to image capture in the smartphone have been cancelled from the present application to be put into one or more continuation or divisional applications.
“Our main aim is the present authentication patent. Other claims and new are valid and will be pursued diligently by the company, but we have everything we need to begin a constant and aggressive campaign to introduce the Company and our KlickZie technology to potential investors and to vital leaders in corporate America, and to continue presenting refined business models for corporations in the deployment of KlickZie into their organizations,” added Dr. Leonard.
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