Dear Shareholder,
Charter Pacific is actively developing its biometric patent portfolio and working closely with our legal advisers K&L Gates, Chicago and Australia, as well as our Australian Patent Attorney to commercialize our patent portfolio.
On 8 January 2021 the US Patent Office provided the issuance of the Notice of Allowance for Patent No. 16/717,270 – “A Transmitter for Transmitting a Secure Access Signal”
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- The original patent relates to a situation where a smartphone user can select between different payment modes (e.g. different credit cards) when performing a contactless payment transaction with biometric The smartphone has a plurality of proximity modules (with corresponding integrated circuits).
- The first continuation application (which has been allowed) relates to the same practical situation, but the claim language has been improved to more clearly cover known situations where infringement may be occurring in the market
- The second continuation, which is under examination, pushes further with claim language improvement
- The third continuation relates to a situation where a smartphone user can perform contactless operations (with biometric authentication), for example payment transactions and unlocking/starting a car.
The Company finds itself in a similar position as CSIRO did with its WiFi technology in the early 2000s that was being incorporated in chipsets manufactured by the world’s largest manufacturers without paying license fees to CSIRO. CSIRO successfully enforced their patent rights on the chipset manufacturers and has received significant financial compensation.
Charter is also pursuing additional patents in both the US and Europe that are complementary to our current patent portfolio.
The Company has engaged with some of the largest tech companies in the world that are using biometrics with expectations of entering into license agreements with these companies. Charter also believes there are some Australian Government Departments that may infringe our patents.
We are currently taking advice for a listing on an appropriate Stock Exchange. As further information becomes available Shareholders will be informed.
Kind regards,
Kevin Dart
Click here to view Charter’s Update
World Bank Research Report on Biometrics – click on the heading below
Early research on biometrics’ effectiveness for benefits delivery reviewed in World Bank ID4D report
