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Provision Interactive Announces New Patents
Wednesday, April 01, 2009
Chatsworth, CA -- Provision Interactive Technologies, Inc. ("Provision"), a subsidiary of Provision Holding, Inc. (OTCBB: PVHO), announced today that several pending patents on its revolutionary technology have been allowed and issued. The new patents boost Provision's intellectual property protection in the U.S. and in China. Additionally, Provision has filed six new patent applications in Europe.
Provision received a new Notice of Allowance by the U.S. Patent & Trademark Office for its 3D holographic product known as "HoloVision." This patent for its Real Image Projection Device covers the proprietary use of a plastic optic for improving image quality and reducing costs.
"The new patent and its claims allow us to expand our powerful portfolio of products," said Curt Thornton, president and CEO of Provision. "The new products, well into development, represent important new market channels for Provision."
In addition, the Company has received four Notices of Allowance for Utility Model patents from the State Intellectual Property Office of the People's Republic of China.
"China clearly represents a huge opportunity for us, and we want to be ready when we go there. These four patents will protect Provision and its product line as China continues to develop the integrity of its intellectual property legal system," said Thornton.
Provision has several other International (PCT) Patent Applications pending, and has just filed six additional patents in Europe. Thornton expects Europe to be as big a market for Provision as the U.S., and has taken these aggressive steps to protect the Company, its distributors and customers worldwide.
About Provision Interactive Technologies, Inc.
Provision Interactive Technologies, Inc., a subsidiary of the publicly traded company Provision Holding, Inc. (OTCBB: PVHO), is the leading purveyor of intelligent interactive 3D holographic display technologies, software, and integrated solutions for both commercial and consumer focused applications. For more information, please visit Provision at www.provision.tv.
Forward-Looking Statements
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to develop customers and market expertise; the ability to compete effectively in a rapidly evolving marketplace; the impact of technological change; our ability to protect our intellectual property in the United States and other countries; our ability to raise capital to implement our business plan; and other risks referenced from time to time in our filings with the Securities and Exchange Commission. Some of the statements that are "forward-looking statements" can be identified by the use of terminology such as "estimates," "projects," "plans," "believes," "expects," "anticipates," or "intends." We disclaim and do not undertake any obligation to update or revise any forward-looking statements.
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