UnitedCorp claims all rights to dedicated mobile content
sharing technology with digital integration of users' selectable
external content based on their location
MIAMI, July 11, 2017 /PRNewswire/ - Miami-based
United American Corp (UnitedCorp), (OTC: UAMA) announced today that
it will enforce on patent infringement against Snap Inc. (NYSE:
SNAP) related to Snap's use of geo-location based filters.
UnitedCorp holds all technology rights related to dedicated
mobile content sharing technology with digital integration of
users' selectable external content based on their location through
its wholly-owned subsidiary, iFramed Canada Ltd. The technology is
the basis for SnapChat's ''GeoFilters'' for photos and videos based
on geo-location. Snap Inc. is a provider of image and video‐based
social media services with head office in Venice, California.
On June 28, 2017, UnitedCorp
acquired iFramed, from Investel Capital Corp in a share exchange
agreement.
The suit originally filed by Investel in the Federal Court of
Canada, claims that Snap Inc.
continues to infringe on certain claims of patent No. 2,887,596,
entitled "USER CONTENT SHARING SYSTEM AND METHOD WITH AUTOMATED
EXTERNAL CONTENT INTEGRATION". iFramed also holds priority rights
as of January 3, 2014 to the
technology in key jurisdictions including the United States, China, Australia, Japan, India,
Canada and throughout Europe. UnitedCorp is seeking remedies in the
form of monetary damages for past infringement, as well as
injunctive relief prohibiting Snap Inc. from continuing to infringe
on the patent.
The lawsuit states that Snap has focused its core monetization
strategy on the basis of the iFramed patent portfolio. According to
its SEC registration statement, Snap states: "We monetize our
business primarily through advertising. Our advertising products
include Snap Ads and Sponsored Creative Tools like Sponsored Lenses
and Sponsored Geofilters''. Even though the company has been on
notice since August 2016 it has
failed to disclose any of this information as a material event in
any of its SEC filings.
While Snap does hold a US patent for an ''Apparatus and method
for supplying content aware photo filters'' as well as a recently
acquired patent entitled ''Methods and systems of providing visual
content editing functions'' neither of these permits the use of a
dedicated mobile content sharing technology with digital
integration of users' selectable external content based on their
location as is used in the Snap GeoFilters.
"In simple terms, even the existing Snap patents do not allow
for Snap to do what it is doing without infringing iFramed
technology," stated Benoit
Laliberte, UnitedCorp's President. "We are uncertain on what
basis Snap asserts its right to use it."
He went on to say, "We have our own business plan for iFramed to
provide cutting-edge services to social media users. iFramed is a
powerful global system and is extremely compelling to both
advertisers and social media users. The geo-location data gathered
from users and resulting insertion of advertiser's content into
posted picture which allows users to make money on their content is
vital and key to the use of social media in the future. The lawsuit
reflects our continued commitment to protect our investments by
vigorously pursuing action against the unauthorized and unlicensed
use of our intellectual property, in any jurisdiction where we hold
priority rights."
UnitedCorp is also reviewing its rights and options with respect
to use of the technology on other major social media further to the
global trend for the next generation of integrated geo-localization
branded user generated content into their platforms.
About iFramed
iFramed is a dedicated mobile content sharing application and
platform which allows its users'-originated content to be posted in
real time on their social media accounts with a digital integration
of external content selectable by its users based on their
geo-location. iFramed, the world's first and only social
media posting gateway technology and next generation social network
content sharing platform.
About UnitedCorp
UnitedCorp is a Florida-based
holding and management company focusing on telecommunications and
information technologies. For more information,
visit: www.unitedcorp.com
This news release contains forward-looking statements that are
subject to various risks and uncertainties. The Company's actual
results could differ materially from those anticipated in such
forward-looking statements as a result of numerous factors that may
be beyond the Company's control. Forward-looking statements are
based on the expectations and opinions of the Company's management
on the date the statements are made, and the Company assumes no
obligation to update forward-looking statements should
circumstances in management's expectations or opinions change.
SOURCE United American