As stated first on 9/28/01.....New Patent!
InfoSpace Awarded New Patent for Location-Based Services
Patent Protects Key Component of InfoSpace's Wireless Location-Based Services
BELLEVUE, Wash., Oct 9, 2001 (BUSINESS WIRE) -- InfoSpace, Inc. (Nasdaq: INSP chart, msgs), a leading provider of the platform and applications that enable partners to deliver consumer and commerce services across the Internet to any device over current and next-generation networks, today announced the company has been awarded a new patent protecting key components of the technology behind the location-based services component of InfoSpace's wireless platform by the United States Patent and Trademark Office (USPTO).
U.S. Patent Number 6,295,528 (method and apparatus for converting a geographic location to a direct marketing area for a query) protects InfoSpace technology for performing database queries with geographic inputs that are converted to a direct marketing area. Direct marketing areas define geographic locations as discrete areas of interest that may be more useful than city limits or latitude/longitude for purposes of services delivery and marketing based on a users physical location.
InfoSpace's wireless platform enables carriers to quickly deploy location-based services and applications to subscribers under their own brand name. Location-based services automatically determine a user's whereabouts and tailor the services and applications delivered to the user according to their current location. InfoSpace's platform can work with a range of location determination technologies including handset and network-based systems as well as systems that use a combination of the two.
"Our portfolio of leading edge technologies sets InfoSpace apart as an innovator of new solutions and ideas that enable our network of partners to deploy cutting edge services to their customers over almost any device," said Naveen Jain, chairman and chief executive officer of InfoSpace. "We are committed to continue developing and protecting these innovative technologies in order to maintain our position in the market."
InfoSpace currently has over 50 patents pending and, with an engineering force of skilled and dedicated professionals, InfoSpace is committed to maintaining, expanding and maximizing the value of its growing portfolio of intellectual property. Since being founded in 1996, InfoSpace has been a leader in providing the underlying infrastructure technologies and applications that advance and enable its partners to fully capitalize on the latest developments in Internet-based wireless, wireline, broadband and merchant services.
About InfoSpace, Inc.
InfoSpace, Inc. (Nasdaq: INSP chart, msgs) provides an integrated technology platform and suite of applications that enable partners to deliver consumer and commerce services across the Internet to any device over current and next-generation wireless, broadband and narrowband networks. The Company's array of products includes consumer services, such as communication, entertainment, gaming and speech applications, as well as commerce services, including payments, promotions and shopping. Together, the InfoSpace platform and applications comprise a highly flexible and scalable end-to-end solution that can be rapidly deployed under a partner's brand. InfoSpace's partners and affiliates include more than 3,200 Web sites and companies worldwide, including Verizon, AT&T Wireless, Cingular Wireless, ALLTEL, Virgin Mobile, Charles Schwab, Intel, Lucent, Nortel, AOL, Microsoft, Lycos, National Discount Brokers and Bloomberg, among others.
This release contains forward-looking statements relating to the development of InfoSpace, Inc.'s products and services and future operating results, including statements regarding InfoSpace's intellectual property portfolio and strategies, that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect InfoSpace's actual results include the progress and costs of the development of our products and services and the timing of market acceptance of those products and services. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace's Annual Report on Form 10-K, in the section entitled "Factors Affecting Our Operating Results, Business Prospects and Market Price of Stock." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. InfoSpace undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Contact:
InfoSpace, Inc.
Adam Whinston, 425/201-8946
adam.whinston@infospace.com
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