True Product ID Files PCT Application for its Proprietary Anti-Counterfeiting Technology
August 09 2006 - 10:09AM
PR Newswire (US)
BEIJING and PHILADELPHIA, Aug. 9 /PRNewswire-FirstCall/ -- Richard
A. Bendis, President and CEO of True Product ID, Inc. (OTC:TPDI)
(BULLETIN BOARD: TPDI) , announced that TPID has taken another
important step to secure international patent protection for its
intellectual property and its affiliates' technology through the
filing of a Patent Cooperation Treaty (PCT) application. This
application preserves TPID's right to pursue patent protection
around the world for the anti-counterfeiting security surveillance
applications, integrated tracking devices and services TPID has
developed, oversees, and has acquired through a Master License with
Sure Trace Security Corporation (OTC:SSTY). The application was
filed by the joint venture TPID oversees in China. The PCT is an
international treaty, administered by the World Intellectual
Property Organisation (WIPO), among more than 125 Paris Convention
countries. The PCT allows applicants to seek patent protection
internationally in a coordinated way by filing a single
"international" patent application. The PCT application is
subsequently entered in as many or as few PCT member countries as
the applicant chooses where the application is ultimately examined
by the applicable national or regional patent offices. The PCT is
widely used among the world's major corporations, research
institutions and universities, among others, in securing
international patent protection. TPID pursued the People's Republic
of China (PRC), as its initial market for distribution, since it is
the largest manufacturer of goods in the world and the leading
center for counterfeiting. To that end, a joint venture was created
with a strategic Chinese partner and the joint venture secured the
first step to protect the technology by filing a PRC patent
application with China's Patent Office 12 months ago. TPID plans to
apply for additional patents in the U.S. and throughout the world
to continue to expand and protect the intellectual property of the
company. Mr. Bendis has been orchestrating the filing of the
patents between leading U.S. intellectual property law firms and
China's largest intellectual property law firm, China Council for
the Promotion of International Trade (CCPIT). Mr. Bendis also plans
to release a new video to shareholders later in August to provide
an update on the progress of the company. About True Product ID
True Product ID produces integrators for anti-counterfeiting and
security surveillance applications and is a provider of integrated
tracking devices. The Company delivers turnkey solutions for
governments, armed forces, and industry, through its own
proprietary technology and through aggregating the technology,
products, and services of third parties via licensing agreements
and or joint ventures. For more information go to:
http://www.tpid.net/. About Sure Trace Security Corporation Sure
Trace Security Corporation (OTC:SSTY) is in the business of
bringing advanced security technologies and solutions to the global
marketplace. Its majority owned subsidiary, Globe Staff Consulting
Corp. (Pink Sheets: GSFC), is one of France's leaders in the field
of wireless security communications. GSFC has partnerships with
Orange, French Telecom and Thales. GSFC has developed a mix of
security tracking services targeting businesses, governments and
consumers. GSFC's product and service offerings provide advantages
to customers, including the smallest tracking modules with GSM and
GPS dual capability, innovative specialty cellular phone models,
and data capability, all hosted on an ASP server platform. True
Product ID, Inc. (OTC:TPDI) (BULLETIN BOARD: TPDI) , is a former
subsidiary of SSTY. For more information on SSTY and GSFC go to:
http://www.suretrace.com/ and to http://www.gsc.fr/corp/. SAFE
HARBOR STATEMENT: This news release contains "forward-looking
statements" that are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"future," "plan" or "planned," "will" or "should," "expected,"
"anticipates," "draft," "eventually" or "projected." You are
cautioned that such statements are subject to a multitude of risks
and uncertainties that could cause future circumstances, events, or
results to differ materially from those projected in the
forward-looking statements, including the risks that our products
may not achieve customer acceptance or perform as intended, that we
may be unable to obtain necessary financing to continue operations
and development, and other risks. You should consider these factors
in evaluating the forward-looking statements included herein, and
not place undue reliance on such statements. The forward-looking
statements are made as of the date hereof and Sure Trace undertakes
no obligation to update such statements. In August 2005, the common
stock of Sure Trace was suspended from trading by the Securities
and Exchange Commission, but the suspension ended in accordance
with the securities laws after ten days. Management of Sure Trace
is currently working with the broker-dealer community and
regulators to permit quotations to be entered as soon as possible.
More information will be provided to the public when circumstances
warrant. DATASOURCE: True Product ID, Inc. CONTACT: Richard Miller
of True Product ID, Inc., +1-215-496-8110 Web site:
http://www.tpid.net/ http://www.suretrace.com/
http://www.gsc.fr/corp
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