On March 28, 2011, we issued an Executive Informational Overview (EIO) on WordLogic Corp. (WLGC-OTCBB). WordLogic has recently made several announcements critical to its business. On May 11, the Company announced that Dell Inc. (DELL-NASDAQ) has become an official reseller for WordLogic’s products, such as the WordLogic Predictive Keyboard. Further, on April 26, the Company issued a release stating that it had selected Kaye Scholer LLP, an international law firm, to help advise WordLogic on its portfolio of patent-protected predictive text and search-based software used in input and Internet search applications. Alan Fisch, ESQ, a partner and co-chair in the Kaye Scholer Intellectual Property Practice is expected to serve as lead counsel.
WordLogic Corp. is a technology company creating advanced methods of text and information entry for smartphones, computers, tablets, and other products with touchscreens, keypads, and keyboards. Leveraging its technological competencies, the Company created the WordLogic Predictive Keyboard, which is a patented, universal Intelligent Input Platform for Windows-based electronic devices. WordLogic’s technology provides a text entry system that makes typing suggestions based on built-in dictionaries, which can be customized for personal or enterprise use. The software adapts to the individual by learning frequently inputted text, including phrases, names, emails, and phone numbers. WordLogic is also capable of rapidly accessing Internet databases, allowing the user to highlight a word or phrase as it is typed and automatically initiating a search online. Designed to benefit both novice and experienced computer users, the WordLogic Predictive Keyboard can be adapted for use as a typing software, an assistive technology, a research tool, and an aid in language learning, among other functions. In addition to consumer sales, the Company is pursuing negotiations for its software platform with original equipment manufacturers (OEMs), Tier 1 wireless operators, operating system providers, and infotainment suppliers.
WordLogic holds six issued U.S. and European patents and five pending U.S. patent applications, one of which has received a Notice of Allowability from the USPTO. A patent review conducted by San Diego-based Thibault Patent Group in January 2011 found that WordLogic’s issued patents have broad applicability as well as significant licensing value. By 2014, there could be more than one billion devices shipped worldwide that infringe the Company’s patents, which WordLogic believes may represent roughly $360 million in potential licensing royalties.
We at Crystal Research look forward to continuing to follow WordLogic’s progress as it markets its technologies and capitalizes upon its intellectual property position. For further information on the Company, please consult the EIO published on March 28, 2011, and available within the Research Library section of www.crystalra.com.