TOKYO, Oct. 1, 2014 (GLOBE NEWSWIRE) -- UBIC, Inc. (Nasdaq:UBIC) (TSE:2158) ("UBIC" or "the Company"), a leading provider of international litigation support and big-data analysis services, today announced that the Japan Patent Office has recently issued Notifications of Decision of Grant to the Company for two new patents related to "Function of Risk Phase Analysis" of Lit i View EMAIL AUDITOR. The necessary procedures for patent registration have already been executed, and the patents are currently pending issuance.
Patent #1 application number: 2013-188379
Patent #1 application filing date: September 11, 2013
Patent #2 application number: 2014-511636
Patent #2 application filing date: February 4, 2014
The two patents cover a technology closely related to the one covered by the Japanese patent that the Company announced obtaining on September 24, 2014. The technologies covered by the two new Japanese patents provide a visual picture of the increase in risks associated with litigation and misconduct by determining the current risk phase (for example, the formation of a cartel behind the scenes) within certain categories designated in advance based on historical data accumulated by UBIC. A report is subsequently produced that visually depicts risks within the designated categories.
These new technologies are integrated into the Company's "VIRTUAL DATA SCIENTIST" software program that incorporates the knowledge and expertise of human professionals through automated learning. It is already used in various products in UBIC's "Lit i View" platform for the analysis of big data held by corporations. These products facilitate e-discovery work in U.S. litigation cases by not only automatically classifying large volumes of unclassified documents with a high level of speed and accuracy (Lit i View E-DISCOVERY) but also performing fraud investigation and automatic e-mail auditing (Lit i View EMAIL AUDITOR).
"We believe that these two patents are testaments to the superior innovation that underlies the highly-accurate document analysis provided by UBIC," stated UBIC Chairman and Chief Executive Officer Masahiro Morimoto. "In this advanced digital age, when the processing of vast volumes of data is necessary, our cutting-edge technology will open up new business frontiers, such as corporate fraud investigation and email auditing. UBIC aims to provide data analysis solutions in a broad range of new fields, including health care, intellectual property evaluation support and national security. By further honing our AI-based technologies and expanding our portfolio of intellectual properties, UBIC will continue to provide additional value-added eDiscovery services to customers worldwide."
UBIC, Inc. (Nasdaq:UBIC) (TSE:2158) is a leading provider of e-discovery and digital forensic services for Asia and the world. UBIC has extensive experience working with electronically stored information composed in Chinese, Japanese and Korean (CJK) languages and utilizes that expertise for clients involved in cross-border litigation, corporate investigations, intellectual property disputes and much more. At the forefront of e-discovery innovation, UBIC's proprietary Lit i View® platform is moving the industry from "fact discovery" to "future discovery" by allowing clients to analyze e-mail messages and digital communications found in big-data to reveal patterns in human thought and behavior.
Safe Harbor Statement
This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the amount of data that UBIC expects to manage this year and the potential uses for UBIC's new service in intellectual property-related litigation, contain forward-looking statements. UBIC may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about UBIC's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: UBIC's goals and strategies; UBIC's expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, UBIC's services; UBIC's expectations regarding keeping and strengthening its relationships with customers; UBIC's plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where UBIC provides solutions and services. Further information regarding these and other risks is included in UBIC's reports filed with, or furnished to, the Securities and Exchange Commission. UBIC does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and UBIC undertakes no duty to update such information, except as required under applicable law.
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