Alpha Modus Files Patent Infringement Lawsuit Against Wakefern Food Corporation and Shelf Nine LLC
December 19 2024 - 10:13AM
Alpha Modus Holdings, Inc. (Nasdaq: AMOD) ("Alpha Modus" or the
“Company”), a technology company with a core focus on artificial
intelligence in retail, today announced its subsidiary, Alpha
Modus, Corp., has filed a patent infringement lawsuit against
Wakefern Food Corporation, which has 48 member companies that own
and operate 365 supermarkets, under the ShopRite, Price Rite
Marketplace, The Fresh Grocer, Dearborn Market, Gourmet Garage, and
Fairway Market brands in New Jersey, New York, Connecticut,
Pennsylvania, Maryland, Delaware, Massachusetts, New Hampshire and
Rhode Island, and Shelf Nine LLC (subsidiary of VSBLTY Groupe
Technologies Corp), which purports to be a leader in retail media
networks, providing brands and retailers specifically targeted
digital media advertising and other customer communications content
delivered at the point of purchase. The lawsuit was filed alleging
infringement of several Alpha Modus patents pertaining to the
Company’s ‘571 patent portfolio, ‘825 patent portfolio, ‘672 patent
portfolio, ‘890 patent portfolio and ‘880 patent portfolio, which
encompass retail marketing and advertising data-driven technologies
to enhance consumers’ in-store experience at the point of decision.
The Company’s portfolio of patents includes the capability to
analyze consumer behavior and product interaction in real-time,
allowing businesses to dynamically adjust their marketing
strategies to meet the immediate needs of consumers at pivotal
purchasing decision moments. The complaint was filed on December
17, 2024, in the United States District Court for the Eastern
District of Texas.
In accordance with Alpha Modus’ prior patent
infringement actions against The Kroger Co and Brookshire Grocery
Company, the Company has continued its engagement with Christopher
E. Hanba of Dickinson Wright PLLC, a leading global law firm, for
his legal expertise, technical industry knowledge, and deep
experience with enforcing intellectual property rights.
About Alpha Modus
Alpha Modus engages in creating, developing and
licensing data-driven technologies to enhance consumers' in-store
digital experience at the point of decision. The company was
founded in 2014 and is headquartered in Cornelius, North Carolina.
For additional information, please visit alphamodus.com.
Forward-Looking Statements
This press release includes "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the United States Private Securities Litigation Reform Act of 1995.
Alpha Modus' actual results may differ from their expectations,
estimates, and projections and, consequently, you should not rely
on these forward-looking statements as predictions of future
events. Words such as "expect," "estimate," "project," "budget,"
"forecast," "anticipate," "intend," "plan," "may," "will," "could,"
"should," "believes," "predicts," "potential," "continue," and
similar expressions (or the negative versions of such words or
expressions) are intended to identify such forward-looking
statements, but are not the exclusive means of identifying these
statements. These forward-looking statements include, without
limitation, Alpha Modus' expectations with respect to future
performance.
Alpha Modus cautions readers not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. Alpha Modus does not undertake or accept any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in its expectations or any change in events, conditions, or
circumstances on which any such statement is based.
Contacts:
Alpha Modus Holdings, Inc.
Investor Relations
ir@alphamodus.com
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